Beeson Gregory bows to technology pressure

Beeson Gregory, the UK broker, has increased the provision against its £18.9m (€30.5m) portfolio of technology investments from £500,000 to £8.8m in the face of trickier market conditions for tech companies.

The company re-emphasised its commitment to the portfolio over the longer term but admitted that adverse markets meant that many of the companies would face fundraising risks.

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