Bringing you live news and features since 2006 

Albion Ventures launches GBP24m top up fundraising


Albion Ventures has launched the Albion VCTs Top Up Offers and is seeking to raise up to GBP24 million across its six venture capital trusts.

Investors who apply before 31 January 2017 for the first GBP7.5 million of shares will be entitled to an "early bird" discount.
The latest offers follows the execution of a highly active investment programme by Albion in 2016 in which approximately GBP25 million was invested in around 20 companies across a range of sectors where it has identified the opportunity to create long term value.
Recent companies that have been backed by Albion include InCrowd Sports, a mobile fan engagement and sports marketing agency; SBD, an automotive technology specialist; Panaseer, a cyber security software provider, Black Swan, a next generation predictive analytics business; and Convertr, an enterprise technology platform.
The offers will provide investors with immediate exposure to six mature Albion VCTs, with a combined net asset value of over GBP300 million and a diversified portfolio of around 65 businesses. These range from stable asset-backed businesses to growth and technology companies. 
Patrick Reeve, managing partner at Albion Ventures, says: “Given the good progress of our VCTs in 2016 we expect to see strong demand for the top up offers among both new and existing investors seeking a reliable long-term income stream and the prospect of capital growth.
“In the past year we have broadened our investment portfolio to include several new high growth companies, which are well placed to deliver impressive growth in the years to come. We have already identified a number of new investment opportunities for 2017 and look forward to bringing these to fruition.”
The offers are targeting a monthly tax-free income of 5.7 per cent pa (should investors choose to invest equally across all offers), equivalent to approximately 8.2 per cent on the net cost of investment after up-front tax relief at 30 per cent.  
The offers opened on 29 November 2016 and are expected to close no later than 29 September 2017 (unless fully subscribed by an earlier date or previously closed).

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by