Over £100mn announced in VCT fundraising
- On October 19, 2022
- By GrowthInvest Marketing
Activity is picking up in the venture capital trust sector, with over £100mn in fundraising announced last week.
VCTs run by Albion Capital, Maven Capital Partners and Edition Capital have opened a number of VCTs for new subscriptions.
Albion is seeking to raise up to £50mn across its six VCTs, after raising nearly £100mn earlier in the year.
Since the pandemic a raft of ambitious UK companies have emerged that require additional funding to accelerate their growth, according to managing partner at Albion Capital, Will Fraser-Allen.
The current market conditions make VCTs a “compelling” investment case, he said.
“Their long-term investment horizon gives time to weather challenging times and can help investors access companies in sectors that can still thrive at a time when growth elsewhere is elusive…we have seen dramatic digital adoption in recent years, but there appears to be no slowing down of investment opportunities.”
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