Octopus Investments has added £10m to the allotment facility on its AIM VCT after its initial £20m fundraise target was met in seven weeks.
In August, the firm launched a joint fundraise for its two Alternative Investment Market (AIM) venture capital trusts (VCTs), AIM VCT and AIM VCT 2. The two trusts have existing portfolios of around 75 companies, which Octopus said looked to "provide investors with long-term growth as well as income through their established dividend policies". The company said the trusts invested across a range of sectors, from pharmaceuticals and restaurants to software development and building materials. The increased fundraise comes weeks after the firm announced it was chasing another huge fund...
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