# Albion Capital launches £38m VCT fundraising Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-09-08 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Invest in Albion Capital's VCTs for 5.6% yield Meta Description: Join Albion Capital as they seek to raise up to £38 million through top up offers for their six venture capital trusts, offering a monthly dividend with a URL: https://financedigest.com/albion-capital-launches-38m-vct-fundraisinghtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd080917-11-1736843533954-compressed.jpg) Albion Capital, the leading independent investment manager, is seeking to raise up to £38 million through top up offers for its six venture capital trusts (VCTs). The fundraising targets £8m for Kings Arms Yard VCT and £6m across each of Albion’s other VCTs. Investments spread across all six portfolios will receive a monthly dividend with a yield of approximately 5.6 per cent, or 8.0 per cent after tax relief, a potentially attractive income source in the current low interest rate environment. [Investors who apply before 2pm on 31 October 2017 for the first £10 million of shares](https://www.financedigest.com/virgin-money-shares-leap-on-higher-profit-investor-payouts.html "Virgin Money shares leap on higher profit, investor payouts") will be entitled to an “early bird” reduction in the offer costs. Existing Albion investors will receive a 1 per cent reduction and new investors will receive a 0.5 per cent reduction. The offers provide exposure to balanced portfolios with a combined [value of around](https://www.financedigest.com/industrial-flooring-market-is-anticipated-to-expand-at-a-cagr-of-over-4-during-the-forecast-period-of-2020-2030-to-be-valued-around-us-12-4-bn-by-2030.html "Industrial Flooring Market is anticipated to expand at a CAGR of over 4% during the forecast period of 2020-2030, to be valued around US$ 12.4 Bn by 2030") £340 million, diversified across approximately 60 businesses. Their launch reflects Albion’s confidence in an exciting pipeline of investment opportunities in sectors with long-term [growth potential](https://www.financedigest.com/modified-starch-market-potential-growth-share-demand-and-analysis-of-key-players-forecasts-to-2032.html "Modified Starch Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2032"). The VCTs will invest in growth companies with particularly strong opportunities, in line with Albion’s sector specialisms including digital healthcare, automation, digital security and data analytics. A [strong](https://www.financedigest.com/halfway-through-2021-what-can-you-do-now-to-finish-the-2021-investment-year-strong.html "Halfway through 2021, what can you do now to finish the 2021 investment year strong?") investment programme has seen the VCTs invest £43m since January 2016. Recently backed businesses include Locum’s Nest, an app which is revolutionising the way NHS trusts recruit locum doctors, G.Network, an [alternative broadband provider delivering high speed internet to London’s SMEs](https://www.financedigest.com/putting-smes-first-the-alternative-to-the-overdraft.html "Putting SMEs first: the alternative to the overdraft"), and Panaseer, a cyber security firm using big data technologies to provide security intelligence to blue chip companies. Will Fraser-Allen, deputy managing partner at Albion Capital, says: “VCTs have broadened in appeal in [recent years as investors recognise their potential for delivering long-term capital growth](https://www.financedigest.com/leno-bags-market-witness-a-spike-in-growth-pace-recent-improvements-in-pricing-models-fmi.html "Leno Bags Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI") and income. In this unprecedented low interest rate world, investors are realising the benefits of diversified venture portfolios and we [anticipate healthy](https://www.financedigest.com/sickle-cell-disease-treatment-market-is-anticipated-to-register-at-a-healthy-cagr-of-6-during-the-forecast-period-2017-2025.html "Sickle Cell Disease Treatment Market Is Anticipated To Register At A Healthy CAGR Of 6% During The Forecast Period 2017-2025") demand for our latest offers. “VCTs play a vital role in supporting the UK’s young, ambitious businesses, delivering [growth capital to the bedrock of the economy](https://www.financedigest.com/global-fuel-injector-cleaner-market-emerging-economies-expected-to-influence-growth-until-2031.html "Global Fuel Injector Cleaner Market: Emerging Economies Expected to Influence Growth until 2031"). We have a robust pipeline of potential [investments and look forward to partnering with more businesses](https://www.financedigest.com/japanese-businesses-pledge-uk-investment-ahead-of-sunak-meeting.html "Japanese businesses pledge UK investment ahead of Sunak meeting") that we believe can create lasting value.” The offers opened on 6 September 2017 and are [expected to close no later than 24 August](https://www.financedigest.com/german-industrial-orders-slump-more-than-expected-in-august.html "German industrial orders slump more than expected in August") 2018 unless capacity is met sooner. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---