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Investegate |Chrysalis Invs Ltd Announcements | Chrysalis Invs Ltd: Portfolio Update
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Investegate |Chrysalis Invs Ltd Announcements | Chrysalis Invs Ltd: Portfolio Update
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The Company is pleased to announce an investment of £75 million in Smart Pension Limited ( Smart ). The investment forms part of a £165 million Series D funding round and includes £110 million of newly issued primary capital and £55 million of secondary equity acquired from existing shareholders of Smart. Chrysalis, which will be providing primary capital, will join a pool of well-established investors in Smart, including Legal & General, J.P. Morgan, the Link Group, Barclays and Natixis Investment Managers, all of whom are considered strategic investors by Smart.
The investment by Chrysalis will enable Smart to grow its retirement technology platform offering in the UK, the US, Australia and the Middle East, with additional territories to follow.