Downing's micro-cap trust makes first investments

Now approximately 1/3 invested

The Downing Strategic Micro-Cap investment trust which raised £54.5m earlier this year at launch, has made its first investments accounting for approximately a third of the portfolio.

Launched in May this year, the trust aims to provide value through a concentrated portfolio of UK-listed micro-cap companies. It takes strategic equity stakes of 3% to 25% in the underlying businesses and proactively engages with management teams to drive longer-term investor value. The new holdings reflect the trust's investment philosophy and objectives. This includes Redhall Group, Real Good Food and AdEPT Telecom. Downing soft-closes micro-cap OEIC at £30m Lead manager, Judith MacKenzie (pictured), said: "We are very encouraged by the investment rate to date and the conversi...