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Technology Fund offer extended

Close Brothers Investment will extend the offer on its First Close Technology Fund due to the positive reception it has received so far.

In the three weeks since the fund&#39s launch, the company says it has attracted £4m in investments. The offer will be extended until June 30 in a bid to raise £10m to invest in unquoted high-growth companies.

Close Brothers managing director Craig Reader says: “Our approach is to invest in potentially high growth companies in a variety of sectors, at an early, pre IPO stage of their development which is likely to maximise financial returns.”

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