Unbound Group plc.

Edward Bramson’s game plan has not always been clear, but his activist approach to Electra Private Equity has resulted in significant gains for shareholders.

The listed investment trust has served notice on Electra Partners, which currently manages its portfolio on an exclusive basis.

Neil Johnson will assume the post as the London-listed investment trust undergoes a strategic review.

Newly appointed board member and Sherborne Investors representative Edward Bramson has been appointment chairman of the management engagement committee that oversees its relationship with Electra Partners.

Developments at Electra Private Equity this week are a reminder to all listed private equity firms that the sector is not immune from shareholder disruption.

The vote by Electra shareholders on resolutions from its largest shareholder Sherborne Investors for two seats on the board will be close and depend on turnout, analysts say.

In the latest communication with Electra shareholders ahead of a general meeting on 5 November, Sherborne urged them to vote in favour of its proposal to appoint its two nominees to the board.

Sherborne has requisitioned a second shareholder meeting to appoint Edward Bramson and Ian Brindle to the Electra board.

Should secondaries funds be eyeing London-listed private equity trusts? Plus, Wellcome Trust's focus on existing managers and the timing of Qiming's latest fundraise. Side Letter will be back again on Tuesday. Until then, here’s today's brief, for our valued subscribers only.

The firm has raised £800m for its first fund since its 30-year tenure as manager of the Electra Private Equity portfolio came to an end.

The challenge of getting individual investors into the asset class is spurring plenty of innovation, yet the simplest solution – listed private equity – appears to be losing its shine.

Listed firms have avoided the share price battering felt by the banks, but are not totally unscathed.

LDC will invest £18.5m to support Away Resorts’ management team in its growth plan

Actis has cut the target and changed the structure of its fourth fund after spending almost two years in the market targeting a total of $3.5bn.

There’s trouble brewing in the listed private equity sector. Discounts to net asset value are resolutely failing to narrow, investors are beginning to agitate for change and even the industry’s former poster child in Europe, 3i Group, faces fresh speculation about a takeover or break-up.

Despite fears that the UK economy is teetering on the brink of recession, the country’s lower mid-market appears to be in good health, according to Lyceum Capital in conjunction with CASS Business School.