Matrix plans sponsorship of two VCT share top-ups

Matrix Money Management is to sponsor two VCT share top-ups in the autumn. The Foresight Technology and Sitka Healthcare VCTs are looking to raise £3.5m and £12m respectively through 'C' share class offerings. Foresight Technology, managed by VCF Partners, which also co-manages the Tri-Vest VCT, launched in November 1997, invests primarily in information technology, communications and technology-based manufacturing companies. Most investments are made at the development stage and typically range between £1m-£2m, although the fund also supports management buyouts and acquisitions on a...