Fifth Quester VCT aiming to raise £25m

Quester is to launch its fifth VCT next month, with the aim of raising some £25m. The portfolio, Quester VCT 5, will run a similar strategy to the four previous launches and invest in the healthcare, life sciences, communications and technology sectors. During the three-year period, before which the VCT does not have to be 70% invested in qualifying companies, the group usually invests in short-dated gilts. The VCTs and private equity managed at Quester invest alongside each other. John Spooner, director at Quester, said: 'Typically, we will start by investing two venture capital trus...