Amounting to 90,155,106 shares, the deal – which was announced on 23 April – represents the latest show of support for star fund manager Neil Woodford’s latest venture.
As the purchase was announced Patient Capital Trust shares were valued on the London Stock Exchange at 103p, meaning BlackRock’s slice equated to £92,859,759.18, or 11.26%.
Shares in the trust have since risen in value, and as of 11.10am on 24 April were worth 103.5p per share.
The trust became the biggest UK investment trust launch in history on 20 April, hitting its £800m target after raising the initial public offering from £200m due to investor demand. It listed on the LSE on 21 April.
