Northern VT launches £60m VCT fundraise

The firm has given priority to existing shareholders, who have three weeks to invest before the offer extends to new investors. Northern VCTs have a "diverse portfolio" of 34 unquoted companies and are predominantly made up of management buy-outs, the firm said. Northern also claimed to have topped sector performance tables over the last one, three and 10 years on a net asset value total return basis. It said £1 invested ten years ago in the Northern Venture Trust should now be worth £2.67 - assuming dividends were invested and the 30% VCT tax relief was capitalised. "With this ...