Albion Capital is seeking to raise up to £50m, with over-allotment facilities of up to a further £30m, through top up offers across its six venture capital trusts.
The funds raised will be deployed into the VCTs' pipeline of investment opportunities across high-growth UK businesses in the healthcare and B2B mission critical software sectors, the firm said. Following Albion's fundraise of £96.5m earlier this year, the top up offers will aim to provide sources of capital to early-stage companies as they enter new markets and develop new products, as well as to provide further support to its existing portfolio of 60 companies. Albion and Northern push VCT sales to £580m this year Will Fraser-Allen, managing partner at Albion Capital, said: "202...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
