Deutsche Numis acted as sole sponsor, broker,financial adviser and bookrunner to TwentyFour Income Fund’s 2025 Realisation Opportunity
Deutsche Numis is pleased to have acted as sole sponsor, broker, financial adviser and bookrunner to TwentyFour Income Fund’s 2025 Realisation Opportunity and subsequent Placing, Offer for Subscription and Open Offer, raising £42.4m of demand in addition to £35m over the last six months.
TwentyFour Income Fund Limited (TFIF) is a c.£900m market cap FTSE 250 company. TFIF invests in a diversified portfolio, predominantly in UK and European Asset Backed Securities (ABS), targeting less liquid, higher yielding opportunities.
The company received £42.4m gross demand in relation to the Placing, Offer for Subscription and Open Offer (the Issue). 13.4m shares were elected for realisation as part of the 2025 realisation opportunity, and all of these shares were used to satisfy demand under the Issue. £27.6m was raised by the company through the issuance of c.25m new shares.
The company has also raised £35.3m in tap issues since 16 May 2025 taking total new funds raised to £62.9m in 2025, in addition to the £14.4m funds raised to place out shareholders seeking realisation.
The combined issuance in the year makes TwentyFour Income Fund one of the most prolific equity issuers in the Investment Companies sector in 2025. Given the muted fundraising backdrop, this cements Deutsche Numis’ credentials as a leading broker, financial adviser and bookrunner in the UK Investment Companies sector.
This is the fourth Realisation Opportunity and fundraise the Investment Companies team have acted on in a sole capacity for TFIF since IPO, in addition to acting as sole financial adviser on the company’s merger with UK Mortgages Limited in 2019.
We launched TwentyFour Income Fund’s IPO in 2013 and have subsequently supported the company to grow from a £150m to a c.£900m market cap FTSE 250 business, demonstrating our longstanding commitment to a leading investment company. Hugh Jonathan, Managing Director, Investment Companies, Deutsche Numis
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Deutsche Numis is pleased to have acted as sole sponsor, broker, financial adviser and bookrunner to TwentyFour Income Fund’s 2025 Realisation Opportunity and subsequent Placing, Offer for Subscription and Open Offer, raising £42.4m of demand in addition to £35m over the last six months.
TwentyFour Income Fund Limited (TFIF) is a c.£900m market cap FTSE 250 company. TFIF invests in a diversified portfolio, predominantly in UK and European Asset Backed Securities (ABS), targeting less liquid, higher yielding opportunities.
The company received £42.4m gross demand in relation to the Placing, Offer for Subscription and Open Offer (the Issue). 13.4m shares were elected for realisation as part of the 2025 realisation opportunity, and all of these shares were used to satisfy demand under the Issue. £27.6m was raised by the company through the issuance of c.25m new shares.
The company has also raised £35.3m in tap issues since 16 May 2025 taking total new funds raised to £62.9m in 2025, in addition to the £14.4m funds raised to place out shareholders seeking realisation.
The combined issuance in the year makes TwentyFour Income Fund one of the most prolific equity issuers in the Investment Companies sector in 2025. Given the muted fundraising backdrop, this cements Deutsche Numis’ credentials as a leading broker, financial adviser and bookrunner in the UK Investment Companies sector.
This is the fourth Realisation Opportunity and fundraise the Investment Companies team have acted on in a sole capacity for TFIF since IPO, in addition to acting as sole financial adviser on the company’s merger with UK Mortgages Limited in 2019.