london stock exchange welcomes merian chrysalis investment company limited to the main market

London Stock Exchange today welcomes Merian Global Investors (MGI), the leading global asset management business to its markets to celebrate the launch of Merian Chrysalis Investment Company Limited.

The company will be listed on the Premium Segment of the Main Market and its objective is to generate long-term capital growth through investing in a portfolio consisting primarily of equity or equity related investments in late-stage, private companies. It will be managed by MGI’s award-winning UK small and mid-cap team.

Many of the UK’s most exciting growth businesses are unquoted, and the team sees a clear trend for many of them staying private for longer, thus denying access to these companies to the vast majority of investors. Over the last year, MGI has seen considerable demand for its capital to help fund these more mature, private businesses, driven by an appreciation that MGI is one in a small pool of investors with enough relevance to crossover from public equity markets to private ones. This relevance stems from MGI’s long-established reputation as a UK small and mid-cap manager, and, importantly, also due to scale, where MGI is one of the largest dedicated UK portfolio managers in the asset class.

Richard Watts, co-fund manager:

“We are delighted to be managing the Merian Chrysalis Investment Company Limited, which will offer investors exposure to a portfolio of exciting, later-stage private growth companies, a market that investors, typically, have had limited opportunities to access. There is significant interest in the asset class and we have identified a strong pipeline of high-growth private investment opportunities.”

Nick Williamson, co-fund manager:

“Utilising our proven and rigorous process, we believe we are extremely well positioned to exploit the compelling investment opportunities available in this highly attractive but under allocated area of the market. As a desk we have considerable experience in determining listed valuations across a wide spectrum of sectors. Furthermore, we believe our scale makes us an attractive crossover investor for private companies at this pivotal stage in their development.”

Liberum Capital Limited acted as Global Co-ordinator, Joint Bookrunner, Sponsor and Financial Adviser in relation to the issue, and working alongside Zeus Capital Limited as Joint Bookrunner.