Octopus ups AIM VCT offer after initial target met in seven weeks

By £10m

Tom Ellis
clock • 1 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Paul Geddes urges for caution on tax changes

Jen Frost
clock 18 October 2024 • 2 min read
Demand for IHT mitigation increases as more fall into threshold

Demand for IHT mitigation increases as more fall into threshold

‘Asset prices and nil rate band freezes are creating a perfect storm’

Isabel Baxter
clock 03 April 2024 • 1 min read
Upcoming CGT changes prompting UK investors to create wealth plans

Upcoming CGT changes prompting UK investors to create wealth plans

More than half want to secure their current and future investment gains

Isabel Baxter
clock 02 April 2024 • 2 min read