Forward Partners Group provides a way of smaller investors gaining exposure to early stage, high growth technology companies. It has an experienced investment management team, and it has a good track record in its eight years as a business.
The early investments should be reaching a point where they are maturing and there could be exits that will enable cash to be recycled into new investments. Before that happens, the money raised in the flotation will fund new investments and additional cash for the existing ones.
The share price ended the day at 102.5p (100p/105p). That equates to a premium to pro forma NAV of 6%.
Mercia Asset Management (LON:MERC) also provides exposure to healthcare and technology businesses and the shares are trading at a discount to NAV. The portfolios are...