Braveheart , the AIM-listed investment management group, has been selected as a consortium partner to manage the London Co-investment Fund.

Braveheart , the AIM-listed investment management group, has been selected as a consortium partner to manage the London Co-investment Fund.

The LCIF was established by Funding London and Capital Enterprise with the aim of investing £25million in London-based, seed-stage companies in the science, digital and technology sectors. The fund has announced a number of partners to manage the fund, and Braveheart is pleased to announce it has been selected in a joint bid with the crowdfunding platform Crowdcube, which recently opened its first Scottish office in Edinburgh.

Braveheart said the two companies would work closely together, with Crowdcube sourcing deals and promoting them via its crowdfunding website, and Braveheart carrying out investment selection and fund management. It believed this was the first time public funds would co-invest alongside the crowd in a co-investment model.

Geoffrey Thomson, Braveheart??s chief executive, said: ??This is a very good new initiative and it builds on our existing partnership with Crowdcube. Over the next few years the LCIF will invest in a number of London's most exciting seed-stage technology companies and over time we expect these companies to provide good returns to stakeholders in both financial performance and job creation.??

Braveheart provides debt and equity financing to SMEs, and services the investment requirements of business angels, high net worth individuals, family offices, and public sector organisations. Its shares, which peaked at 37p in February 2011, were unchanged at 15p yesterday. More than 110,000 investors have registered with Crowdcube since early 2011,, helping to raise more than £45m for 160 UK businesses.