News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

Woodford ups fundraising cap on second fund

Fund manager says it can take in up to £800 million, as previous £500 million cap 'may be exceeded'

Woodford ups fundraising cap on second fund

It seems investors can't get enough of Neil Woodford, the UK's most high-profile fund manager. His firm said today it is raising the fundraising limit on his second fund, launched in early February, after a flood of interest.

The Woodford Patient Capital Trust, which invests in early-stage, often unlisted growth companies, particularly in pharmaceuticals, was launched with an initial fundraising target of £200 million and leeway to take it up to £500 million.

WSJ Logo