The Mobeus Income & Growth and The Income & Growth venture capital trusts (VCTs) have launched a £70m share offer with an additional over-allotment option of £20m.
The launch is aimed at raising liquidity for the two VCTs to invest in innovative early-stage UK companies and provide further support to existing portfolio companies. Earlier in 2024, the Mobeus VCTs streamlined their operations by having two of their investment vehicles, Mobeus Income & Growth 2 VCT and Mobeus Income & Growth 4 VCT, merged into Mobeus Income & Growth VCT and The Income & Growth VCT, respectively. European Commission approves ten-year UK sunset clause extension for VCTs and EIS Trevor Hope, managing director and CIO of private equity at Gresham House, which manage...
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