Business
Update on fund management business
Update on fund management business.
About this update from Truetide Plc
[{"type":"text","content":"\n \nRNS Number : 6543U Braveheart Investment Group plc 16 July 2018 \n\nThis announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 (\"MAR\")\n16 July 2018\nBraveheart Investment Group plc\n \n(\"Braveheart\" or the \"Company\")\n \nUpdate on fund management business\n \nBraveheart Investment Group plc (AIM: BRH), the fund management and strategic investor group, provides an update on developments at its fund management business.\nThe Company is pleased to report that it has entered into detailed discussions with a large UK financial organisation in preparation to launch a new Mezzanine Fund (the \"Fund\") targeting enhanced income returns to the fund's investors. If discussions conclude as anticipated, the large UK financial organisation will cornerstone the Fund by providing 40% of the total investment. Concurrently, the Company has begun discussions with a variety of other investors which are expected to provide the remaining 60% of the investment in order that the Fund is ready to begin investing before the end of 2018. Braveheart's wholly owned subsidiary, Viking Fund Managers Limited, will be the fund manager, receiving fund management fees. The Company looks forward to providing further updates in due course.\n \nFor further information:\n \n\n\n\n\nBraveheart Investment Group plc\nTrevor Brown, Chief Executive\n \n\n\nTel: 01738 587555\n\n\n\n\nAllenby Capital Limited (Nominated Adviser and Joint Broker)\nDavid Worlidge / Nicholas Chambers\n \n\n\nTel: 020 3328 5656\n\n\n\n\nPeterhouse Corporate Finance Ltd (Joint Broker)\nHeena Karani / Lucy Williams\n \n\n\nTel: 020 7469 0936\n\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END UPDLLFEEDSIVLIT\n ","length":4018,"tagName":"div"}]