Money will be used for working capital and investments
Braveheart Investment Group has raised s950,000 by placing more than 4.1 million new shares on to the stock market.
The company plans to use the money to invest in its portfolio of companies and for working capital.
Kenmore Private Equity and Uberior Investments, which held stakes of 16.95 per cent and nine per cent respectively, have now exited the business.
Chief executive Geoffrey Thomson disposed of part of his shareholding in order to allow Kenmore and Uberior to exit.
He said: "Since our IPO in 2007 we have been doing two things. Firstly, we have been building our directly held investment portfolio both by acquisition and by direct investment and as at the end of March this year we had holdings or financial interests in 39 companies.
"Secondly, and more latterly, we have been developing our fee generating business and we have acquired two investment management companies.
"We now operate investment business networks in six locations and we are doing this by a mix of outright ownership, public sector contracted support and franchise activity.
"This placing we have announced today gives us new capital to continue our business development and it resolves the issue of liquidity by bringing in new investors to replace those who have been seeking to exit as part of a portfolio realisation plan.
"The new shareholders are, by and large, family office investors who have invested for strategic reasons."