An investment firm backed by the Rothschilds’ RIT Capital Partners is launching a fintech disrupter fund, reports Citywire’s Investment  Trust Insider. Augmentum Capital is aiming to raise £125m for its Augmentum Fintech fund. The founders claim to have identified £100m in potential investments in early- and later-stage unquoted businesses.

The portfolio will begin with £33m of existing funds invested in companies such as peer-to-peer lender Zopa and crowdfunding platform Seedrs. RIT Capital is the sole investor in Augmentum’s only fund, and will pledge £10m alongside £2.7m from Augmentum managers. The portfolio also includes an 11% holding in precious-metals trading platform BullionVault, worth £8.4m, which in turn includes a stake in investment platform WhiskyInvestDirect.

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