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Better Capital net assets up by 92%

VENTURE firm Better Capital PCC, which recently acquired the debt of coal miner ATH Resources, said its total net asset value has increased by 92%.

In financial results for the six months to September 30, 2012, the business said net assets had grown from £229.4 million to £440.8m.

Earlier this month, a Better Capital fund used a special purpose vehicle to buy the debt of troubled ATH.

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