Wealth manager Kingswood has raised up to £80m through funds managed and advised by investment company Pollen Street Capital.
The funds were raised through an issue of irredeemable convertible preference shares to certain investors and funds managed or advised by Pollen Street. Kingswood said it now has a 'strong' foundation...
'UK investment case remains strong'
'No viable alternative'
Assist customers to get better deal
3 March 2020
CIO Stephen Jones will take up UK duties on an interim basis