The closed-ended fund, with an increasingly fintech focused portfolio, will use half of the money to buy stakes in firms already owned in its open-ended funds.
The closed ended fund issued the new shares at price representing an 8 per cent premium to the last reported June 2019 net asset value (NAV).
The fund will use approximately 50 per cent of the proceeds to acquire existing portfolio holdings from Merian's open-ended UK small and mid-cap equity funds. The company reported that these acquisitions will be made at a modest discount to their last valuation.
Merian Chrysalis has a strong fintech focus and is now approximately 80 per cent invested. It says it is an opportune time to expand its portfolio and capitalise on a "strong pipeline of investment opportunities".