The venture fund is a recently launched private venture capital vehicle managed by Seraphim Space Manager, which has acquired the nine holdings for a total consideration of £3.9m. SSIT will receive an interest in the venture fund to settle the transaction, it said. The early-stage portfolio comprises investments made by the trust since its IPO in July 2021, which have been valued by independent agent Azets to be worth around £3.8m, as of 31 December 2023, and adjusted for accrued loan interest for the three months of 2024. Blackstone mounts $1.5bn counterbid for Hipgnosis Songs Fund ...
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