The investment firm for one of the world’s biggest retail fortunes is boosting its private equity bets after stepping back from public markets.
David Sainsbury, whose great-grandfather founded supermarket chain J Sainsbury Plc, plans to put as much as 253 million pounds ($337 million) into private equity funds through his family office, Innotech Advisers, according to a U.K. registry filing.
The London-based firm already had more than 400 million pounds allocated to managed funds in the sector at the end of last year, when its investments had a market value of 1.1 billion pounds, the filing showed.
Read more/Source: Bloomberg
