New Model Venture Capital, a UK-based asset management company has set on a major fundraising campaign with the issuance of a secured medium-term note program in Europe debt capital markets. The prospective secured medium-term notes maintain the following properties:
- Issuer: New Model PE LTD.
- Bond: New Model PE Ltd. secured a medium-term note program due 2029
- Issue Size: GBP 80 million
- Issue Date: 01 May 2023
- Coupon/Terms: TBC in the pricing supplement
- Status: Secured
- Maturity: 01 May 2029
- Form: Book-entry form in CREST
- Clearing: Euroclear UK & Ireland Limited (CREST)
- Investment Advisor: Sigma Global Management Corp
- Use of proceeds: The raised funds are meant to be used for the principal company investment projects in venture capital.
Set up in 2009, the New Model Venture Capital group of companies has been providing investment consulting and support services in private equity and venture capital. The company and its partner FIG Equity LLP have overseen direct investment, debt placements, and M&A transactions from £50,000 to more than £200 million. As of January 2023, they had more than £120 million in assets under management. Over 12 years investment assets managed by New Model Venture Capital have shown an internal rate of return (IRR) of 30% (gross, after deducting fees but not including tax reliefs).
The group’s portfolio companies operate in several industries including financial services/fin-tech, medical devices, the food industry, prop-tech, life assurance, and B2B SaaS.
“We are optimistic that our move to raise funding in Europe debt capital markets will enable us to capitalize on more potentially lucrative investment deals and expand our portfolio of private equity under management”, says James King, CEO of The New Model group of companies.
“Wolfline Capital is positive that the funding generated from the midterm note program coupled with the exceptional expertise of New Model Venture Capital in investment management will serve its best to bring the company to a successful completion of its goals’, says Nikita Dolgiy, Managing Partner of Wolfline Capital.
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