Currently, the fund has reached the £350m mark after seeing a substantial growth in assets since last summer.
Once reaching £550m the fund will not accept any new investor money, while existing clients can continue to invest before the hard-close limit of £750m is reached, according to managing director Mark Thomas.
“We consider now to be an attractive time to invest in UK smaller companies. The asset class has enjoyed a prolonged period of outperformance compared to the FTSE All-Share, but the recent rotation towards mega caps has delivered an overdue consolidation amongst small and mid-caps,” he said.
Thomas added that he expected greater opportunity in 2014 for alpha generation compared to last year, which was characterised by excess demand for UK equities over supply.
Over the past three years, the fund delivered a cumulative performance of 99%, compared to the IMA UK Smaller Companies index which returned a 48.5%, according to FE Analytics.
