PracticeAccounting FirmsTenon seeks fund management go-ahead

Tenon seeks fund management go-ahead

Tenon is applying for FSA go-ahead for fund management to invest in distressed businesses with potential

Tenon is applying
for FSA authorisation for fund management through Tenon Capital Management
(TenonCap), aiming to invest in distressed businesses with turnaround potential
and turnovers between £5m and £30m, initially through the unregulated T-Fund.

Tenon will invest up to £1.5m in TenonCap and directors will contribute
another £250,000. The firm is looking to aggregate commitments of between £15m
and £20m, , IFA online reports.

‘Having seen several economic downturns we are greatly aware of the
opportunities they can produce’, TenonCap CEO Matthew Bowker said.

‘We believe we are well placed to identify the best opportunities and to
achieve successful turnarounds and profitable exits for our investors.’

Further reading:

Read
the IFA online story

Related Articles

EY director joins Crowe Clark Whitehill as partner

Accounting Firms EY director joins Crowe Clark Whitehill as partner

3d Emma Smith, Managing Editor
RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

5d Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

1w ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

2w Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

2w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

4w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

4w Receipt Bank | Sponsored
Smith & Williamson reports double digit growth

Accounting Firms Smith & Williamson reports double digit growth

1m Alia Shoaib, Reporter