Launches & Closures

Managers join forces for IPO bridge financing vehicle


Trafalgar Capital Advisors and Marylebone Fund Management have joined forces to launch a new fund providing bridge financing to innovative companies that are seeking to list on small-cap exchanges or listing platforms in the UK, US, Ireland, Germany and Dubai.

The fund, named PreIpo2Ipo, will generally invest via a convertible note, which will convert at private valuation rate when the listing occurs. The fund will then receive a percentage of the company’s equity, and will seek to monetise its investment via the public markets. The fund will charge 2/20 fees and the minimum investment is £25,000.

The fund