Albion Capital launches £36m VCT fundraising
- On January 22, 2019
- By GrowthInvest Admin
Albion Capital, the leading independent investment manager, is looking to raise up to £36 million through top up offers for its six venture capital trusts.
The fundraising targets £6m for each of the six Albion VCTs: Albion Venture Capital Trust PLC, Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC.
Investments spread across all six portfolios will receive a monthly dividend with a yield of approximately 5.5%, or 7.8% after tax relief.
Recent investments include technology companies such as Koru Kids, an online marketplace for nannies, Phrasee, a company using AI to generate optimised marketing copy and Locum’s Nest, an app which is revolutionising the way NHS trusts manage locum doctors.
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