VCT inflows resilient as investors look to tech for growth
- On December 9, 2020
- By GrowthInvest Marketing
Octopus Investments report flows of £61m into its VCTs during the month of November
Octopus Investments has announced that it raised a total of £61 million into its venture capital trusts (VCTs) during the month of November, equivalent to more than £2 million each day, in a sign that demand for VCTs remains resilient despite broader economic uncertainty.
This came as it closed fundraising for its Octopus AIM VCTs after they raised £17 million in November and reached the over-allotment target of £31 million.
Octopus also experienced strong inflows into the UK’s largest VCT, Octopus Titan, which raised £38 million last month and sees it almost half way to its initial £80 million fundraising target, just 5 weeks after opening.
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