Venture capitalist BP Marsh &Partners is looking for new investment opportunities after floating on the London Stock Exchange 's Alternative Investment Market (AIM)last week.
The company raised £11 …
Venture capitalist BP Marsh &Partners is looking for new investment opportunities after floating on the London Stock Exchange's Alternative Investment Market (AIM)last week.
The company raised £11m through the placement of 9.3 million shares at £1.40p.
Brian Marsh,chairman of BP Marsh & Partners,told Insurance Times :"We have £3m
for investment in development capital for existing investments,and £4.5m for financing
new investments."
Investments in insurance intermediaries makes up 59%of the venture capitalist 's book of business.
Marsh said it would seek to grow through investment in niche intermediaries."We are not blind to new investment opportunities, which we expect to come to us," he added..
The VC owns a quarter of both Besso Insurance Holdings and Hyperion Insurance Group.Marsh said both would look to grow significantly in 2006.
