Octopus launches £50m fundraising for Titan VCT

Octupus said growing demand for the asset class had prompted the fund raise. Tax benefits and investors' hunt for yield has led inflows to soar in recent years. The last tax year saw inflows reach £429m - the fourth highest grossing year for VCTs ever. The Octopus Titan VCT was launched in 2007 and now has over £215m in assets under management. It invests in around 50 companies in a range of industries and at a range of maturities. Alex Macpherson, fund manager of the Titan VCT, said: "This latest fundraise gives investors the opportunity to support both established and developing ...