Unicorn Asset Management is set to launch an offer for subscription to raise £15m for its AIM VCT while, elsewhere, provider Ingenious has launched the Vision VCT.
Unicorn will seek to raise the funds through new ordinary shares with an over-allotment facility to raise a further £10m. The prospectus is expected to be available later in January. The Unicorn AIM VCT currently has net assets of around £165m and the firm said the size of the trust allowed it to access "an established, diverse and strongly performing portfolio of investments". The firm manages around £300m in alternative investment market (AIM) stocks across its venture capital trust (VCT) and UK OEICS. Unicorn AIM VCT manager Chris Hutchinson (pictured) said: "We expect to see a pos...
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