Dear

We are delighted to announce that Horizon Discovery, a Parkwalk portfolio company from the University of Cambridge Enterprise Fund I, successfully listed on AIM today (ticker HZD LN or HZD.L).

Parkwalk invested in May 2013, and the IPO price of 180p represents a more than 100% (tax-free) uplift for our investors in a little under a year. The shares are currently trading around the 205p level.

This follows on from the successful listing of Xeros, another Parkwalk portfolio company (Parkwalk Fund I, Opportunities EIS and various Syndicates), earlier this week (ticker XSG LN or XSG.L), showing a 4.65x tax-free uplift for investors in Fund I in a little over three years. 

Parkwalk Fund V will close to new investors in the coming weeks - please contact us on 020 7759 2285 or by clicking here if you would like more details.

Parkwalk invests in high-growth British technology companies across all stages of their development, from formation through to AIM-listed companies. 

Parkwalk’s current portfolio consists of 27 companies, which have raised in excess of £250m of funding between them since 2010 and over 600 patents protect their technology and processes.

Overall, Funds I-IV’s portfolio comprises of 9% Series ‘A’, 33% Series ‘B’, 25% Pre-IPO and 33% AIM listed.

As of Q1 2014 every £1.00 invested across Parkwalk Funds I-IV was valued at £1.52 (£2.17 net of tax reliefs) and the valuations for Parkwalk Funds are published monthly here.

Valuations as of 25th March 2014. Net NAV includes income tax relief and fees on investment

Past performance is no guide to future performance. The price of a fund can fall as well as rise. Investors may receive back less than originally invested.