PraxisIFM-backed fund is only initial public offering on LSE this year
PRAXISIFM has supported the launch of the only fund initial public offering on the London Stock Exchange this year.
The group – which is headquartered in Guernsey – has provided services to the Nippon Active Value Fund in its LSE listing, raising £103m. based on its strategy to invest in attractive and undervalued Japanese listed companies.
PraxisIFM Fund Services (UK) is providing administration and corporate secretarial services and the group’s Alternative Investment Fund Manager, International Fund Management Ltd based in Guernsey, is providing AIFM functions.
‘It is always a great opportunity for our team to work with international clients,’ said Shaun Robert, director of International Fund Management Ltd.
‘Providing the necessary substance for NAVF has been a fantastic way to showcase the benefits of the Non-EU AIFM to a London listed company.’
Brian Smith, managing director of PraxisIFM Fund Services (UK), said: ‘The NAVF launch was exciting to be a part of and is a great addition to our portfolio of listed fund clients.’
