New Greenhouse for Wray

Serial investor, entrepreneur and rugby club owner Nigel Wray is looking to raise £10 million for The Greenhouse fund, an environmentally friendly investment business planning to float on AIM in early January.

Evolution Securities is acting as nominated adviser and broker to the company, which plans to invest in the intellectual property relating to environmental technologies, which are nearing commercialisation. These investments will be sourced from existing companies, research organisations and academics.

Wray – owner of London-based rugby union club Saracens – is one of three non-executive directors bringing The Greenhouse Fund to market. Roger King and Roger Maddock, who raised £6.8 million for property-contracts trader The Off-Plan Fund and launched it onto AIM last month, complete the team.

Thursday 5 January has been pencilled in as the likely launch date.

Leslie Copeland

Leslie Copeland

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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Early Stage Funding