Angels £3m investment fund for recession-hit firms



TWO of Scotland's best-known business angels are setting up an investment fund to inject money into later-stage companies that have lost steam during the recession.
Scott Carnegie and Nelson Gray have assembled a syndicate of 20 investors, who will together pump £3 million a year into businesses in return for minority equity stakes.
Their London & Scottish ­Investment Partners (LSIP) vehicle is made up of fellow business angels, high net-worth individuals and financiers from the south-east of England, including stockbrokers.
LSIP will focus on Scotland but will also look at businesses... read more

 
16 June 2013 in Business, Views: 16
Source: Scotsman
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