Progress Update
22/12/2022 07:00
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RNS Number : 5404K Gresham House PLC 22 December 2022
RNS
REACH
22 December 2022
Gresham House plc
("Gresham House", the "Company" or the "Group")
Progress update: VCT fundraise, UK housing deal & awards
22 December 2022
Gresham House, the specialist alternative asset manager committed to
sustainable investing, is pleased to provide an update on recent news within
the Group, as well as several award wins which underscore its industry leading
expertise within investment products and performance.
Highlights
· The Mobeus VCTs closed a successful fundraising
(https://www.mobeusvcts.co.uk/vct-fundraising) achieving their target of £76
million on 13 December 2022, reflecting their strong track record of
performance and investor appetite to support UK SMEs.
· On 16 December 2022, Baronsmead Venture Trust plc and Baronsmead
Second Venture Trust plc published a prospectus
(https://www.londonstockexchange.com/news-article/BVT/publication-of-a-prospectus/15762463)
to raise up to £40 million in aggregate with the discretion to utilise
over-allotment facilities to raise up to a further £10 million in aggregate.
· Gresham House Residential Secure Income LP (ReSI LP) announced its
acquisition of 469 shared ownership homes
(https://greshamhouse.com/news-media/gresham-house-acquires-shared-ownership-homes-from-ocean-housing/)
in Cornwall for £46 million from Ocean Housing, unlocking capacity for Ocean
Housing to deliver further affordable housing across Cornwall.
· Gresham House also strengthened its senior team with the appointment
of Simon Adcock
(https://greshamhouse.com/news-media/gresham-house-strengthens-sustainable-infrastructure-team/)
as Head of Portfolio and Co-Fund Manager for its Sustainable Infrastructure
strategy. Simon joined from Bowmark Capital where he was a Partner and Head of
Portfolio.
Awards
The Company was delighted to win a number of industry awards in November,
including 'Alternatives Investment Manager of the Year' and 'Boutique Manager
of the Year' at the Financial News - Excellence in Institutional Fund
Management Awards. Gresham House Energy Storage Fund plc (GRID) won the
'Environmental & Renewables Award' at the Investment Week Investment
Company of the Year Awards, where The Income & Growth Trust plc, was also
a winner, in the 'Generalist VCT' category.
Tony Dalwood, CEO at Gresham House plc commented: "As we come to the end of
the year, we are delighted with the continued progress within the Group. In
recent weeks, we have raised further funds, expanded our presence in key asset
classes and strengthened our capabilities. Furthermore, the awards we have won
are testament to the excellence that resides across the business, and the
commitment of our team to delivering strong returns for stakeholders."
For more information contact:
+44 (0)20 3837 6270
Gresham House plc
Kevin Acton, Chief Financial Officer
gh@houston.co.uk (mailto:gh@houston.co.uk)
Houston - media and analysts +44 (0) 20 4529 0549
Kay Larsen
Kelsey Traynor
+44 (0)20 7523 8000
Canaccord Genuity Limited - Nominated Adviser and Joint Broker
Bobbie Hilliam
Harry Pardoe
+44 (0)20 7029 8000
Jefferies International Limited - Joint Broker and Financial Adviser
Paul Nicholls
Max Jones
NOTES TO EDITORS
About Gresham House
Gresham House is a specialist alternative asset management group, dedicated to
sustainable investments across a range of strategies, with expertise across
forestry, housing, infrastructure, renewable energy and battery storage,
public and private equity.
Our origins stretch back to 1857, while our focus is on the future and the
long term. Quoted on the London Stock Exchange (GHE:LN) we actively manage
c.£7.5bn of assets (unaudited as at 30 September 2022) on behalf of
institutions, family offices, charities and endowments, private individuals,
and their advisers. We act responsibly within a culture of empowerment that
encourages individual flair and entrepreneurial thinking.
As a signatory to the UN-supported Principles for Responsible Investment
(PRI), our vision is to always make a positive social or environmental impact,
while delivering on our commitments to shareholders, employees, and investors.
www.greshamhouse.com/ (https://www.greshamhouse.com/)
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