Albion Ventures raises over £21m with latest VCT offers

Albion Ventures, known as Alboin, a venture capital investor, announced today that it has raised over £21m across its six venture capital trusts through its Offers for subscription in the 2013/14 and 2014/15 tax years after offers closed yesterday. 

 

Due to high levels of investor demand that followed the launch of its Top-Up Offers in November 2013, Albion decided to extend the opportunity to invest in the six VCTs it manages through a Prospectus Offers in March 2014.

 

The Offers provide investors with immediate exposure to six mature Albion VCTs, comprising a £250 million diversified portfolio of 80 businesses. These range from asset-backed businesses to high growth healthcare and technology companies.  

 

Patrick Reeve, Managing Partner at Albion Ventures commented: “Our fund raising has attracted a large number of new investors, highlighting the widening popularity of VCTs as a core, long-term savings vehicle.” 

 

“In addition to generating long-term investment returns, including regular income for investors, many of our portfolio companies make an important social contribution across a range of sectors, including healthcare, technology, data security and the environment.  We are seeing an increasing number of opportunities to further extend our capabilities in this area, which has received strong support from our investors.”

 

“We look forward to launching our new Offers for the 2014/2015 season shortly and anticipate that demand will remain high as investors look more closely at alternative tax-efficient retirement supplements,” he added.