CLOSE Ventures has officially launched its Enterprise VCT investing in a mixture of low-risk, asset-based businesses and growth companies across several sectors.
The new VCT will be split fifty-fifty between asset-based firms, mainly in the leisure sector, and growth firms ranging from less risky income producing companies to higher-risk technology businesses. It has been crafted to provide a balance between income and capital growth and has a capacity of £20m. The asset-based businesses will typically be firms with freehold or long-leasehold as their major asset. The growth portfolio will include unquoted companies and could feature names in the pharmaceuticals, healthcare or business services areas. Patrick Reeve, managing director of ...
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