Investec Emerging Companies Australia Fund 1 (IEC Fund)
Investment bank Investec is seeking to raise $50 million to $70 million in a new emerging companies fund, called the Investec Emerging Companies Australia Fund 1 (IEC Fund).
The fund will invest in emerging and high growth companies valued between $10 million and $200 million. It will typically provide between $1 million and $5 million of growth capital to individual high growth companies, in exchange for a material minority interest, partnering with entrepreneurs across a range of sectors.
“The IEC Fund will be an extension of the existing IEC business and be managed by myself and Hein Vogel, and supported by the entire IEC team,” head of IEC, David Phillips,