Seneca Completes Successful First Close for VCT
- On September 12, 2018
- By GrowthInvest Admin
Seneca Partners, the specialist SME finance business, has completed a successful first close for its recently launched VCT offering, Seneca Growth Capital VCT.
The firm told GBI Magazine that there was high demand from investors.
The VCT offering was launched in May and having already reached its initial fundraise target, the first £3.1m allotment of shares took place on 23 August 2018. On the same day the VCT’s name was changed to Seneca Growth Capital VCT and Seneca was appointed as investment manager.
The Seneca Growth Capital VCT aims to provide investors with both income and capital returns by investing in a diverse portfolio of both unquoted and AIM/NEX quoted UK companies.
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