(NewsDirect)
Peter Dines, Managing Director of MerciaAsset Management PLC subsidiary Mercia Ventures, speaks to ThomasWarner from Proactive about the company's latest fundraisinginitiative.
Mercia Ventures isseeking to raise £42 million across three Venture Capital Trusts(VCTs), with an over-allotment facility bringing the potential totalto £60 million for this tax year.
The funds target investors interested in a diversified portfolioof growth equity companies, focusing on sectors like Life Science,Health Tech, software, and consumer tech. Dines says thatopportunities are likely to prove attractive to investors "lookingfor a diversified portfolio... it has the added benefit from a VCTperspective in terms of the tax benefits and the dividend."
Dines highlighted the firm'sconsistent track record, even during challenging times, citing therecent successful exit of Evotix, a health and safety softwarebusiness, with a 4.5x return.
Thoseinterested in the Northern VCTs can find more information on Mercia'swebsite .
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