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Good foundation for AIM
AIM has seen its biggest flotation this year, with activist investor Laxey Partners launching its Terra Catalyst property fund.
The fund raised £116 million, which will be used to turnaround struggling European real estate firms and increase their value.
The newly incorporated, closed-ended Cayman Islands registered fund is an exempted company, and {that) will also invest in funds in Europe. The company intends the proceeds of its fund to be fully invested within six months.
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