Mercia Ventures raising money for northern VCTs

–News Direct–

Peter Dines, Managing Director of Mercia Asset Management PLC subsidiary Mercia Ventures, speaks to Thomas Warner from Proactive about the company's latest fundraising initiative.

Mercia Ventures is seeking to raise 42 million across three Venture Capital Trusts (VCTs), with an over-allotment facility bringing the potential total to 60 million for this tax year.

The funds target investors interested in a diversified portfolio of growth equity companies, focusing on sectors like Life Science, Health Tech, software, and consumer tech. Dines says that opportunities are likely to prove attractive to investors "looking for a diversified portfolio… it has the added benefit from a VCT perspective in terms of the tax benefits and the dividend."

Dines highlighted the firm's consistent track record, even during challenging times, citing the recent successful exit of Evotix, a health and safety software business, with a 4.5x return.

Those interested in the Northern VCTs can find more information on Mercia's website.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/mercia-ventures-raising-money-for-northern-vcts-743716791

Mercia Asset Management PLC

comtex tracking

COMTEX_441673965/2655/2023-10-10T03:44:40

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Feature Georgia Heralds was involved in the writing and production of this article.