Hotbed raises £56m

Hotbed, the syndicate of 650 private investors, has raised £56.03m for the year ending March 2008. This is a 62% increase in equity for investment in private equity and commercial property transactions.

In the six years since its launch, Hotbed members have invested £152.8m of equity in 60 private equity and commercial property transactions with a total value of more than £500m.

One of Hotbed's latest investments is a £23.8m deal in a site at Thorpe Hall, close to Colchester, where a residential health spa with 100 bedrooms and 92 treatment rooms will be built.

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