Northern Ventures looking to raise VCT assets

Northern Venture Managers (NVM) new venture capital trust issue, the Northern Aim VCT, is now over three-quarters subscribed in advance of the scheduled closing date on 19 December. NVM is also planning to bring the Northern 2 VCT, the £24 million generalist VCT launched by NVM in 1999, back to the market in mid-January 2001 with a new share issue aimed at doubling the size of the trust. NVM is aiming to raise £20 million with the issue of the new Northern Aim VCT, and is optimistic that it will reach that target in the few remaining days. On Thursday last week the total raised stood b...