Electra VCT plan

Electra Partners is to launch the Electra Kingsway VCT in early October and is looking to raise £25m, promoted by Downing Corporate Finance. It will be managed by the Electra Investment Trust team, which invests in small to medium-sized companies. For the initial three-year period, the trust will have 15% invested in the Electra Active Management Oeic and 15% in the Electra Investment Trust. The balance will be invested in fixed income securities. The VCT is a generalist vehicle and will have 80% invested in unquoted and Aim stocks, said Tony McGing, director of Downing Corpor...