We are delighted to have supported the successful £180 million initial public offering of Seraphim Space Investment Trust plc on the Main Market of the London Stock Exchange.
Seraphim Space Investment Trust plc is a closed-ended investment company and will invest the funds in a diversified international portfolio of early and growth stage space technology businesses.
The fund gives investors unparalleled access to companies looking to harness the infinite potential of space to help solve some of the world's most pressing problems. The IPO comes at a time of increasing interest in space travel and tech, with billionaires Elon Musk, Jeff Bezos and Richard Branson the most recent advocates.
Our UK team is providing key services including company secretarial, accounting, fund administration and depositary services for Seraphim, helping to guide its team through its first fund launch.
In addition, the team at Newgate Compliance (an Ocorian owned company) is providing ongoing compliance support.
Commenting on Ocorian's support of Seraphim, UK Head of Funds, Gerry Warwick said: "We were delighted to support the Seraphim team through their first IPO and contribute to this exciting investment area. The collaboration of our UK funds team and Newgate Compliance demonstrates the added value we can offer clients who are looking for a seamless, end-to-end solution for their fund launch."
Will Whitehorn, Chair of Seraphim Space Investment Trust plc, said: "Seraphim is the world's number one investor in Space Tech, and our IPO gives investors unparalleled early access to companies that will shape a new economic revolution. Through their delivery of fund administration and compliance services, Ocorian and Newgate are part of this journey, playing critical roles in getting the IPO over the line. We look forward to our continued partnership as the space industrial revolution continues to unfold both here on earth, and above it."
Supporting investment success
From fund setup through to launch, we support your fund structure to ensure it is maintained in good standing throughout its life cycle. To discuss how we can support your fund needs, get in touch with our team below or to find out more about our fund services, click here.