Baronsmead VCTs raise further £75m in oversubscribed offer

Two funds

Gresham House has raised a further £75m for two of its Baronsmead venture capital trusts in an oversubscribed offer.

Baronsmead Venture Trust and Barsonmead Second Venture Trust raised funds 50% higher than its initial £50m target across a variety of existing and new distribution channels, including St James's Place. Gresham House Baronsmead and Mobeus VCTs to share all future private equity investments The public and private equity VCTs sit alongside the pure private equity Mobeus VCTs, which were brought under the Gresham House umbrella in 2021. This additional funding will be deployed into private and AIM-listed companies across a variety of sectors. Bevan Duncan, fund manager of the Barons...