The Aberdeen-managed fund has appointed IP Group to oversee investments in British technology companies across sectors including quantum computing, battery technology, and healthcare.
The ELTIF 2.0-structured vehicle provides access to private markets by investing exclusively in LBPAM Private Opportunities, a French-domiciled master fund.
Managed by Fundcraft France and initially distributed exclusively by Rhétorès Finance, the vehicle will combine primary and secondary investments, with monthly subscriptions and quarterly redemptions.
The £100 million evergreen fund generated a 40% IRR and 5x MOIC on the disposal of its majority stake in financial services firm Beckett Investment Management Group.