Star manager Neil Woodford has invested £21 million in pension and platform provider AJ Bell.
It is the not first time Woodford has invested in AJ Bell. During his time at Invesco Perpetual, where he ran the company’s Income and High Income funds, he invested in the pension firm.
Invesco remains the largest institutional shareholder in AJ Bell, of which the majority is owned by employees.
No new shares were issued in the company but shares were made available by AJ Bell's management and existing shareholders. Invesco did not sell any shares, but increased its holding by 'a modest amount'.
AJ Bell chief executive Andy Bell said: 'The investment from these blue-chip institutions signals the exciting opportunities that are emerging.'
AJ Bell represents an early investment in PCT. Others include SciFlour Life Sciences, a subsidiary of Allied Minds, biopharma Kymab and Sphere Medical.