'Optimistic' Albion Capital seeks £80m in latest VCT fundraise

Seeks to deliver growth across target sectors

clock • 2 min read

Albion Capital is seeking up to £80m in its latest venture capital trust (VCT) fundraise, launched on Friday (7 January) with the aim of driving further investment across its portfolio of high-growth UK businesses.

The fundraise also includes over-allotment facilities of up to a further £20m in aggregate through top up offers across its six existing VCTs. The fundraise launch follows Albion's VCT fundraise of £58.5m in 2021 and is said to reflect the business's ongoing objective of "delivering sustainable growth" and new investment across its target sectors of B2B software, healthcare and "mission critical" enabled services. VCT industry cautiously hope for budget boost Will Fraser-Allen, managing partner at Albion Capital, said: "This new fundraise demonstrates Albion Capital's ongoing commi...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on VCTs/EIS

AIC urges Treasury to exempt VCTs from cost disclosure requirements

AIC urges Treasury to exempt VCTs from cost disclosure requirements

Amendment to draft legislation

Valeria Martinez
clock 09 October 2024 • 1 min read
Deep Dive: VCT fundraising back in vogue despite concerns of upcoming tax hikes in Budget

Deep Dive: VCT fundraising back in vogue despite concerns of upcoming tax hikes in Budget

VCTs raised £882m in 2023-24 tax year

Linus Uhlig
clock 04 October 2024 • 4 min read
Puma Investments launches up to £70m fundraise for VCT 13

Puma Investments launches up to £70m fundraise for VCT 13

£20m over-allotment

Sorin-Andrei Dojan
clock 25 September 2024 • 1 min read
Trustpilot