Onward Opportunities Limited, the Guernsey registered investment fund, is expected to list on the AIM market of the London Stock Exchange (LSE) this month.
The company has not yet disclosed the size of the listing.
Onward’s investment objective, according to the LSE, is to “generate returns to shareholders through investments in equity and equity-related instruments of UK smaller companies.”
The group is expected to target minority stakes of between 5% and 25% in companies worth no more than £250mln, focusing on “micro” smaller companies admitted on AIM.
Although investments will not be restricted to specific sectors, it is expected the company will not pursue investments in the biotech or natural resources sector.
The company was incorporated with limited liability in Guernsey on 31 January 2023.