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View the article online at http://citywire.co.uk/wealth-manager/article/a761635

Horlick targets £450k for fund firm through crowdfunding

by Danielle Levy on Jul 14, 2014 at 08:23

Horlick targets £450k for fund firm through crowdfunding

Industry figure Nicola Horlick is seeking to increase the target for her film finance fund from $100 million to $250 million on behalf of her new firm Glentham Capital.

She is also planning to broaden Glentham's proposition to manage other types of funds.

In order to drive this growth, Glentham Capital is seeking investment of £450,000 through leading equity crowdfunding platform Seedrs.  

Since raising its first seed capital of £150,000 last year on Seedrs, Glentham Capital has lined up a $20 million anchor investment from a US-based investor. The firm is now planning further expansion, including an increase in the fund size to $250 million and a move from a Guernsey-based fund to one based in the United States.  

The follow-on raise of £450,000 on Seedrs is EIS-eligible and based on a pre-money valuation of Glentham Capital at £1.8 million, reflecting a 20% increase since the original fund raising last year.        

Investments will be allocated on a first-come, first-served basis, and once the £450,000 has been subscribed, further investments will not be accepted.

Glentham Capital will earn money from the annual management fees and carry that it charges to the funds it manages. Seedrs investors are investing in Glentham Capital, rather than the underlying funds, meaning that they will be able to earn returns to the extent that Glentham Capital succeeds as a fund management firm.

2 comments so far. Why not have your say?

Badders

Jul 14, 2014 at 09:02

I wish the investors a lot of luck!

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Ian Lees

Jul 19, 2014 at 09:19

Making great use of Government initiatives - and available to every MP . . .. who enjoy investing elsewhere, to dodge HMRC Tax ? Still with the parking tax, and prices on the up you need to chain your bile to some poor unfortunates railings. I wonder if Eric Pickles and his decision to permit building of the " Biggest Act of Vandalism to ever hit St Albans when the Strategic Rail Depot on Green Belt Land out weighed the " the harm to landscape ", in Hertfordshire. Ann Main MP who does not live in her constituency, failed to stop such outrageous arrogance and ill fated - foolish commercialism by Conservative Governments - and Pickles decision to refuse to accept please by locals - which will destroy the Road Structure encouraging thousands of lorries daily - North London - and the further congestion Pickles has applied to the M1 and M25 and the A414. Then there are the issues with Waste management the disruption and destruction to Hertfordshire - whilst claiming for European Grants for a sizeable forest on the other side of St Albans - which will have to suffer the pollution. Put simply Pickles is turning Liberal Held St Albans, a site of major Roman activity . . . . into a wasteland of industrial proportions . . .ready for High Speed Rail 2 ? or just another conservative cock up by politicians who have no commitment to England ? Iw onder how much the cost of purchase ins made in Conservative Party funding ( or personal funding and inducements ) - to have such a travesty of justice is nowadays ?

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