Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Horlick targets £450k for fund firm through crowdfunding

2 Comments
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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter