The company, which invests in equity and equity-related private infrastructure assets, said it would offer ordinary shares at 100 pence a share through a subscription and intermediaries offer.

Global multi-strategy investor Pantheon Ventures, which manages or advises on $71.3 billion in assets, would act as the investment manager for the company, Pantheon said in a statement.

($1 = 0.7322 pounds)

(Reporting by Simon Jessop; Editing by Rachel Armstrong)