Core Capital hunts backers after launch

Core Capital is merging six of its top investments into an open-ended structure to raise new capital from investors.

The private equity specialist, which has three fully invested venture capital trusts, is looking to launch a fund to bolster investment into its six largest holdings – Kelway Holdings, Ark Home Healthcare, Brasserie Bar Co, Colway , Better at Homes, and SPL Services. The fund will seed the six underlying holdings with £46.8m of fresh capital to sustain their bottom-line growth, taking it to £76.2m in size and reducing risk for existing investors, the group said. The  firm also expects the move will help boost the revenues of some of these companies, allowing investors to participate...