Accretion Capital to run Stellar's Technology EIS

Stellar Asset Management is launching a Technology EIS fund which is open to investors from 1 June.

The new product follows the recent launch of the First Stellar Forestry fund and the Stellar Income fund launched earlier this year. The new vehicle will be managed by Accretion Capital and will invest in technology stocks both from start-up and on the AIM market. Accretion was set up in 2007 by ex-Close managers, Steve Bellamy and Michael Bourne, and focuses only on investment within the technology sector. In previous years the firm has primarily focused on investment in start-up companies, but has now identified a growing number of later stage companies starved of capital for exp...