Literacy Capital swaps charity donations for private equity fees Investing Private equity investment trust Literacy Capital is cutting down on its mission of paying out charitable donations, while upping the fee paid out to management. The only investment trust set up with a charitable objective, it has given £10m to literacy charities in the UK since it was created in 2017. Now, the trust will [...]
Literacy Capital trust completes £20m holding refinancing Investment trusts he portfolio company, which Literacy Capital refused to disclose, is set to return £20m in cash to the trust.
