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Scottish entrepreneur to launch £200m investment vehicle

The vehicle will focus on investments in retail, property, leisure and high risk technology companies.

Scottish entrepreneur Tom Hunter is launching a £200m investment vehicle which will be called West Coast Capital, according to the Financial Times.

It will make investments in retail, property, leisure and high risk technology companies. Hunter will look to co-invest with other institutions and major business angels.

West Coast Capital will be entirely subscribed by Hunter's money but will be a partnership with Jim McMahon, a senior tax partner at PriceWaterhouseCoopers.

Mr Hunter made £260m in 1998 from the £290m sale to JJB of Sports Division, the sports shoe company he founded. He has since re-invested £20m in several UK companies as a business angel.