GCP Asset Backed Income Fund eyes second equity raise
GCP Asset Backed Income Fund, the closed-end investment fund focussed on asset-backed loans, is considering another capital increase to finance future investment opportunities, according to a regulatory filing on Tuesday.
The company said it will raise more than £70m by issuing C shares at 100p a share. That is a 5.4% discount to the 105.75p closing price of GCP on Monday.
GCP will use the proceeds to invest in a pipeline of investment opportunities that Gravis Capital
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