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Two funds admitted to LSE Specialist Fund Market

The London Stock Exchange has admitted two funds to its Specialist Fund Market from NB Private Equity Partners and Altus.

The London Stock Exchange has admitted two funds to its Specialist Fund Market from NB Private Equity Partners and Altus.

NBPE has an existing public market quotation in Europe and has sought admission to the Specialist Fund Market in order to benefit from enhanced liquidity.

Altus Resource Capital, a new fund launched by Altus to capitalise on investment opportunities in junior resource companies, has raised GBP26m.
 
Tracey Pierce, head of equity primary markets at London Stock Exchange Group, says: ‘We are delighted to welcome two new funds to the Specialist Fund Market today. Altus Resource Capital demonstrates that despite the wider economic climate, London’s investors continue to be responsive to new investment opportunities. NB Private Equity Partners’ decision to join highlights some of the London markets’ other key strengths: the enhanced liquidity and increased investor profile that they offer to issuers on an ongoing basis.’
 
Marc Gordon, partner at Nimrod Capital, placing agents for Altus Resource Capital, says: ‘We are very pleased to launch Altus Resource Capital on the Specialist Fund Market today. This is our second successful fundraising within 12 months on the London market. The Specialist Fund Market has provided the flexibility to bring the new fund to the attention of leading asset managers and to attract interest even in these difficult times.’
 
Talmai Morgan, chairman of NBPE, adds: ‘The successful dual-admission on the SFM today marks a significant milestone for NBPE. The increased profile of the London Stock Exchange should widen the fund’s investor base, increase broker coverage and offer enhanced share liquidity. These factors should provide long-term benefits to existing shareholders and potential investors in the fund.’
 
The Specialist Fund Market is the first public capital market specifically designed to offer access to permanent capital for specialist investment vehicles targeting institutional, professional and highly knowledgeable investors.

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