Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

21110

ClearlySo raises GBP1.25m in equity as Octopus takes major stake

RELATED TOPICS​

Investment bank ClearlySo has raised GBP1.25 million in equity as UK fund management company, Octopus, has taken a 12.3 per cent stake. The deal means Octopus, the largest provider of venture capital trusts (VCTs) in the UK, will become the largest single institutional investor in the firm and Octopus Co-Founder Chris Hulatt will join the ClearlySo board as a non-executive director.

 The investment by Octopus follows the news from the beginning of the year that ClearlySo had the largest growth capital investment in UK history for HCT Group, followed up by the crossing of the GBP100 million mark in total capital raised for nearly 100 clients. The firm writes that it also serves as further evidence that “3D investing”, where social, ethical, and/or environmental impact is considered along with risk and return, is coming of age and entering the mainstream.
 
Chris Hulatt, co-founder of Octopus, says: “More and more people care about the impact their investment is having. ClearlySo is at the heart of this change and the growing consciousness in the UK around impact investing. At Octopus, we look to invest in areas where we can really make a difference – whether it’s backing talented entrepreneurs who are changing the way we do things, investing in renewable energy technologies or helping to modernise our healthcare infrastructure. We look forward to working closely with the ClearlySo team to support our shared focus on encouraging more people to make a positive impact through their investing.”
 
Rodney Schwartz, founder and chief executive of ClearlySo, says: “To be chosen by one of Britain’s most astute investment firms is obviously a privilege and further validates our approach. We look forward to deepening our relationship and accelerating how we bring impact to the mainstream.”
 
The round also saw seven existing investors reinvest, including Big Society Capital, and eight new angel investors subscribe, mostly from ClearlySo’s network of high net worth individual investors.

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by