Northern Venture Managers launches third VCT product

Northern Venture Managers (NVM), the specialist mid-market venture capital fund manager, is to launch the Northern 3 VCT to be sponsored by Brewin Dolphin Securities. The trust is to launch on 25 September 2001 and aims to raise £25m. It will be a generalist VCT, aiming to provide a combination of income yield and long-term capital growth from companies throughout the UK, according to Alastair Conn, managing director at NVM. The portfolio will consist mainly of investments in smaller, unlisted UK companies, including new issues on Aim, across a spread of industry sectors and financing ...