Allen-led Lloyd’s vehicle aims to raise up to £300mn in mid-November listing
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Allen-led Lloyd’s vehicle aims to raise up to £300mn in mid-November listing

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The London-listed SPAC vehicle led by former KBW executive Will Allen is planning to move ahead with a mid-November listing and target fundraise of £150mn to £300mn, according to a new filing.

The company had not previously specified a gross fundraising target but had said it wanted to support up to £1bn of Lloyd’s capacity and expected a capital weighting of below 50%, suggesting the initial target capital could have been...

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