Albion closes successful £58.5m VCT fund raising
Barney Cotton - Business Leader Magazine, speaks to Will Fraser-Allen regarding the close of the Albion VCTs Prospectus Top Up Offers 2020/2021 which is fully subscribed with strong support from both existing and new shareholders.
Five trusts in Albion’s VCT range launched combined fundraising offers of £45m in January. All announced, and subsequently filled, overallotment facilities totalling £13.5m, in response to record investor demand.
The successful fundraising increases Albion’s VCT funds under management to c£500M across six VCTs, now supporting the growth ambitions of some 65 businesses.
Investors have responded to the opportunity the Albion VCTs provide to gain exposure to high growth software and healthcare companies that have demonstrated resilience through COVID-19, with exciting future prospects.
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