Aberdeen Standard Investments and Clydesdale Bank owner Virgin Money are to pump an extra £12.5 million each into their joint asset management venture.
ASI took on a 50% share in Virgin Money Unit Trust Managers Limited, its partner's investment arm, in January 2019 for £40 million.
Virgin Money said it had committed to "providing additional funding of up to £12.5m over the next 12 months to support the strategic and customer proposition development of VMUTM".
It added that Aberdeen Asset Management, which trades as ASI, had committed to matching that funding over the same timeframe.
Virgin's unit trusts include its FTSE All-share tracker whose asset value has fallen by around 20% since the coronavirus pandemic hit Britain. Its Global Share Fund is down around 10%.
