Better Capital Limited was 94% committed with some GBP190.6 million of its total assets under management of GBP210 million invested as of 30 September 2011, according to the company’s interim financial results.
Richard Crowder, Chairman says: “The Company and the Better Capital Fund have enjoyed their most active six month period since inception. In the period to 30 September 2011, the Better Capital Fund deployed over GBP110 million into a number of investment opportunities. Some of these are platform acquisitions and some are follow-on investments. he commonality in all of these investments is that they are in varying stages of underperformance and capable of being turned around, and realise attractive total returns.
"Current economic conditions should lead to a further attractive period for investments of the type which Better Capital pursues. After due and careful consideration the Board has decided to pursue a further fundraising in the coming months by way of a new segregated class of shares, deployed in a second Better Capital fund.”
