Across the Baronsmead Venture Trust and Baronsmead Second Venture Trust, Gresham House is seeking to raise £40m, with a £10m over allotment facility and a minimum investment of £5,000.
The VCTs target an annual dividend yield of 7% of net asset value, which the firm said has been achieved in each of their last five financial years.
They currently hold net assets of £419m invested in a combined portfolio of over 85 companies, with a bias towards tech companies. Two-fifths (41%) of the VCTs is invested in AIM-quoted companies and 29% in unquoted companies.
The remainder is split between three equity funds: Gresham House Micro Cap, Multi Cap Income and UK Smaller Companies.