The two British Smaller Companies venture capital trusts have launched a fundraise for up to £90m today (20 September).
This will comprise of a £65m fundraise and an over-allotment option of up to £25m. Managed by YFM, the two VCTs tend to investment between £2m and £6m at a time in companies with at least £1m of revenue. They tend to prefer established businesses looking for their next phase of growth over start-ups. The two trusts have combined net assets of more than £334.5m and a portfolio of 41 companies, focusing on technology and with a bias towards businesses focused on data, application software, tech-enabled services and new media. Puma VCT 13 launches fundraise for up to £70m In the fi...
To continue reading this article...
Join Investment Week
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes