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

Where is your next client coming from?

Accounting Firms Where is your next client coming from?

7h James Noble, Propero Partners
Specialist VAT service provider joins MHA

Accounting Firms Specialist VAT service provider joins MHA

17h Austin Clark, Reporter
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

1w Austin Clark, Reporter
Top 50+50: Revenue rises spark rankings shake-up

Accounting Firms Top 50+50: Revenue rises spark rankings shake-up

2w Emma Smith, Managing Editor
BDO strengthens Bristol team with new audit partner

Accounting Firms BDO strengthens Bristol team with new audit partner

2w Austin Clark, Reporter
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

2w Alia Shoaib, Reporter
Top 50+50: Big Four hold steady, shake-up outside Top 20

Accounting Firms Top 50+50: Big Four hold steady, shake-up outside Top 20

2w Emma Smith, Managing Editor