VCH Best-of-VC fund-of-funds to be listed

German VCH Equity Group has opened its VCH Best-of-VC GmbH & Co KGaA, Bayreuth, fund-of-funds to private investors. The fund-of-fund, which was kicked off by a university project 11 months ago, could be listed on the Frankfurt stock exchange as early as 10 June 2002. VCH hopes to raise equity of up to EUR 27.5m through institutional and private investors who can acquire stakes in the fund for a fixed price of EUR 1.1 per share. In total there will be 25 million shares issued. The fund is currently in its investment phase and returns are expected by 2005.

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• DACH