Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Boutique seeks £15m for new absolute return trust

Boutique seeks £15m for new absolute return trust

The TCA Fund Management Group is planning to float a new closed-ended fund that will feed into its master credit strategy.

TCA Global Credit will list on AIM in May, seeking to raise £15 million. Structured as a Guernsey-domiciled investment company, it will feed into the TCA Global Credit Master fund.

This master fund launched in April 2010 as a short duration, absolute return strategy focused on senior secured lending to small, mainly listed companies.

‘We are hopeful that our niche financing business will be as well received by investors on the public market as it has been received in private offerings,’ said Bob Press, chief executive of TCA.

‘While there is no guarantee of future success, the same drivers that have assisted TCA’s growth in the last four years continue to exist.’

The strategy has returned an annualised 18.8% since inception.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter