Baronsmead VCTs reach £400m milestone with record £65m raise
- On April 21, 2021
- By GrowthInvest Marketing
The Baronsmead Venture Capital Trusts (VCTs), managed by Gresham House, have successfully raised £65m this year. The fundraising round, which closed in March, was the largest VCT raise to date and the second largest across all VCTs in the 2020/21 tax year.
The new funds take the combined Net Asset Value of the Baronsmead VCTs to more than £400m for the first time since launching at the inception of the VCT market 25 years ago. Applications closed early and were oversubscribed following strong investor demand.
The Baronsmead VCTs are managed by Gresham House, whose Gresham House Ventures team specialises in scaling software and technology driven businesses in the healthcare, consumer and services sectors. This fundraise ensures the Baronsmead VCTs are well capitalised to continue supporting high-growth, entrepreneurial businesses which will be a key driver of the economic recovery.
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