British businessman Neil Woodford's Woodford Patient Capital Trust is assessing ways to raise additional capital after investing all the proceeds from its initial public offering.
Woodford Patient Capital Trust, a £800m ($1.1bn) fund aimed at university spinouts and technology startups, is considering further fundraising, according to Investment Week.
In February 2015 Woodford announced plans to launch a £200m investment trust. This amount was increased first to £500m and then to £800m.
The firm said that it has deployed all the proceeds from its initial public offering and has an ongoing list of investment opportunities. The board is looking at ways it can raise additional capital and has been gauging interest from investors.
Woodford Patient Capital Trust listed on the London Stock Exchange at 102p per share. At the time of writing it is trading at 92p per share.
The trust was created by British businessman Neil Woodford (pictured). The trust has ties to Imperial College London’s tech transfer office Imperial Innovations, such as its chairman Susan Searle who is a former chief executive of Imperial Innovations.
