A new Guernsey-based closed-ended fund focusing on defence and homeland security technology is seeki...
A new Guernsey-based closed-ended fund focusing on defence and homeland security technology is seeking to raise £100m from wealthy investors. The PegasusBridge Defence & Security fund will have a 10-year time horizon, investing in a portfolio of around 25 individual investments, mainly unquoted. No more than 5% of the portfolio will be invested in those which are early stage or not yet making profits. Investments are likely to be held for an average of five years. Richard Leaver, chief executive of PegasusBridge, said the homeland security industry is currently the fastest growing sector...
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