Private equity VCT Baronsmead is looking to raise £14m from private investors. According to dir...
Private equity VCT Baronsmead is looking to raise £14m from private investors.
According to directors, nn the three years to 30 September 2002, Baronsmead VCT has outperformed the FTSE All-Share index by 36.1% (FTSE All Share -31.3%, Baronsmead 4.8% pretax).
"As we are fully invested, this fund raising will enable the portfolio to move towards 50 investments in a well-diversified portfolio of mainly established and profitable companies," says Gill Nott, chairman of Baronsmead. ISIS Equity Partners are investment managers for the VCT.
The offers are for the two tax years 2002/03 and 2003/04 raising up to £14m at £1 for each C share. The offers are open to 3 April and 23 May 2003 respectively. Minimum subscription per investor per offer is £3,000.
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