Following the recent announcement that Keydata Investment Services has moved into administration, UK small cap investor Foresight Group has been awarded the investment mandate for to two of the firm’s venture capital trusts (VCTs).
Keydaya Income VCT1 and Keydata Income VCT 2 invest in renewable energy companies, specifically projects that involve head and power from biomass plants.
The two trusts mark the fourth and fifth new VCT mandates Foresight has come to manage in the past five years. All of the previous mandates have been integrated into the Foresight Group and have a strong record of dividend payments.
Chairman of KeyData’s VCTs, Stephen Oxenbridge said: “We are aware of the need for a period of stability following recent events and believe that the support provided by Foresight’s team will be in the interests of both the companies and their respective investors.”