Unicorn AIM VCT seeks to raise £25m in new fundraise

The trust has returned 67.5p per share since 2010

Unicorn AIM VCT is planning to raise £25m through the issuance of new shares, as director Chris Hutchinson argues the importance of VCTs in providing capital to “scale-up” businesses.

The $370m alternative investment venture capital trust, managed by Unicorn Asset Management (UAM) director Hutchinson, opened its doors in 2001, while UAM launched in 2000. Unicorn AM promotes Game and Ormiston on UK equity funds The manager is currently responsible for over £1.5bn in assets, of which £500m is invested in AIM-listed companies. "Despite the well-publicised economic headwinds, which we are experiencing both in the UK and more globally, we continue to access a plentiful and attractive supply of VCT qualifying investment opportunities, of which the number and quality i...