Following in Imperial footsteps

With the backing of the U.K.'s Lansdowne Partners and Invesco, Cambridge Innovation Capital plc is hoping to replicate the success of Imperial Innovations Group plc (LSE:IVO) and IP Group plc (LSE:IPO), two other evergreen funds with U.K. university ties.

Cambridge Innovation is poised to make its second life sciences investment in the coming weeks. Its first was cancer diagnostics play Inivata Ltd. The fund also has invested in four tech start-ups...