Albion Capital plans £60m fundraise for five VCTs

The company wills eek to raise £14.5m for the Albion Development VCT, £15.8m for the Albion Enterprise VCT, £11.8m for the Albion Technology & General VCT, £7.5m for the Crown Place VCT and £10.5m for the Kings Arms Yard VCT. All five VCTs, which hold total net assets of £579m and invest in about 65 companies, aim for an annual dividend target of 5% of net asset value and target sectors of B2B software, healthcare and tech-enabled services in the UK. Deep Dive: VCT hopes buoyed following sunset clause extension The vehicles have returned 7.4% annually over the last ten years, and 8...