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Business plans for Venture Capital
It is always good news when a new venture capital fund is established, and that has just happened.
UK angel investors Andrew and Robert Rickman have set up a new venture capital firm, the Rockley Group, and a €100m fund.
Known as the Rockley Follow-On Fund, it will have a remit to invest in established, high quality technology companies in the UK that are well-placed to weather the recession. The fund will focus on the energy, sustainability, ICT, new media, data management and healthcare sectors and invest around €5m to €15m per deal. With a target of €100m, the first close is expected to take place in the summer of 2009 on €50m.
The Rockley Group is also planning to raise a complementary sister fund to focus on investments in technology companies with a proven track record which are located overseas.
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