Progress Update

RNS Number : 5404K

Gresham House PLC

22 December 2022

 

RNS REACH      22 December 2022

Gresham House plc

("Gresham House", the "Company" or the "Group")

Progress update: VCT fundraise, UK housing deal & awards

22 December 2022

Gresham House, the specialist alternative asset manager committed to sustainable investing, is pleased to provide an update on recent news within the Group, as well as several award wins which underscore its industry leading expertise within investment products and performance.

Highlights

· The Mobeus VCTs closed a successful fundraising achieving their target of £76 million on 13 December 2022 , reflecting their strong track record of performance and investor appetite to support UK SMEs.

· On 16 December 2022, Baronsmead Venture Trust plc and Baronsmead Second Venture Trust plc published a prospectus to raise up to £40 million in aggregate with the discretion to utilise over-allotment facilities to raise up to a further £10 million in aggregate.

· Gresham House Residential Secure Income LP (ReSI LP) announced its acquisition of 469 shared ownership homes in Cornwall for £46 million from Ocean Housing, unlocking capacity for Ocean Housing to deliver further affordable housing across Cornwall.

· Gresham House also strengthened its senior team with the appointment of Simon Adcock as Head of Portfolio and Co-Fund Manager for its Sustainable Infrastructure strategy. Simon joined from Bowmark Capital where he was a Partner and Head of Portfolio.

Awards

The Company was delighted to win a number of industry awards in November, including 'Alternatives Investment Manager of the Year' and 'Boutique Manager of the Year' at the Financial News - Excellence in Institutional Fund Management Awards. Gresham House Energy Storage Fund plc (GRID) won the 'Environmental & Renewables Award' at the Investment Week Investment Company of the Year Awards, where The Income & Growth Trust plc, was also a winner, in the 'Generalist VCT' category.

Tony Dalwood, CEO at Gresham House plc commented : "As we come to the end of the year, we are delighted with the continued progress within the Group. In recent weeks, we have raised further funds, expanded our presence in key asset classes and strengthened our capabilities. Furthermore, the awards we have won are testament to the excellence that resides across the business, and the commitment of our team to delivering strong returns for stakeholders."

For more information contact:
Gresham House plc     Kevin Acton, Chief Financial Officer	[phone]
Houston - media and analysts     Kay Larsen Kelsey Traynor	[e-mail] [phone]
Canaccord Genuity Limited - Nominated Adviser and Joint Broker     Bobbie Hilliam Harry Pardoe	[phone]
Jefferies International Limited - Joint Broker and Financial Adviser Paul Nicholls Max Jones	[phone]

NOTES TO EDITORS

About Gresham House  
Gresham House is a specialist alternative asset management group, dedicated to sustainable investments across a range of strategies, with expertise across forestry, housing, infrastructure, renewable energy and battery storage, public and private equity.

Our origins stretch back to 1857, while our focus is on the future and the long term. Quoted on the London Stock Exchange (GHE:LN) we actively manage c.£7.5bn of assets (unaudited as at 30 September 2022) on behalf of institutions, family offices, charities and endowments, private individuals, and their advisers. We act responsibly within a culture of empowerment that encourages individual flair and entrepreneurial thinking.

As a signatory to the UN-supported Principles for Responsible Investment (PRI), our vision is to always make a positive social or environmental impact, while delivering on our commitments to shareholders, employees, and investors.

www.greshamhouse.com/

 

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