Gresham House has completed the acquisition of Mobius Equity Partners’ VCT arm following an initial announcement last month.
The acquisition will see Gresham House gain four new VCTs with a combined AUM of £369m: Mobeus Income & Growth, Mobeus Income & Growth 2, Mobeus Income & Growth 4 and the Income & Growth VCT. The purchase means Gresham House now has £850m under management in VCTs, which the firm said will "help enhance returns for Mobeus and Gresham House's VCT investors and further accelerate growth of the group's VCT AUM". It added that the acquisition, combined with organic growth since the start of the year, has led to an uptick in AUM to £5.4bn for the group as a whole. Gresham House will issue a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
