Venture capital trust investment manager Albion Capital has launched a £60m fundraise for five of its six VCTs.
The funds raised will be used to invest in UK opportunities and to drive growth from existing portfolio companies, the firm explained. Albion Capital plans £60m fundraise for five VCTs The exercise follows an £80m fundraise in early 2023. The move was first announced last month, with the £60m split across five VCTs: £14.5m for the Albion Development VCT, £15.8m for the Albion Enterprise VCT, £11.8m for the Albion Technology & General VCT, £7.5m for the Crown Place VCT and £10.5m for the Kings Arms Yard VCT. The five VCTs hold £579m in net assets and invest in around 65 comp...
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