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Flying Kestrel Opps re-closes after fundraising

Flying Kestrel Opps re-closes after fundraising

The Kestrel Opportunities fund has once again closed itself to new money after exceeding a fundraising target.

Kestrel had been closed since last March, but last month sought to raise an additional £25 million ‘to capitalise on some of the potential investment we are currently seeing’.

The fund succeeded in attracting £26.9 million and has now again ceased processing new subscriptions.

Overseen by the Kestrel team of Ari Zaphiriou-Zarifi, Max Royde and Oliver Scott, the Opportunities fund has returned more than 250% since its launch in November 2009. The FTSE SmallCap excluding investment trusts index has returned 92% through the same period.

The Kestrel Opportunities portfolio is relatively concentrated, with 39% held in just five tech-focused small-caps: Redcentric, KBC Advanced Technologies, Idox, Eckoh, and K3 Business Technologies.

Following the fundraising, Kestrel estimated that the portfolio’s cash weighting would rise to 24%, up from 17% at the end of March when the fund contained £112.5 million.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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