The three Albion VCTs have raised £10m of their £80m fundraise in less than 26 hours.
The raise is split between a £50m inital target and a £30m overallotment. The ‘early bird discount’ has now filled.
The VCTs have total net assets of over £700m and a portfolio of around 65 companies.
They focus on the fintech, software and healthcare sectors. Successful investments include cybersecurity group Quantexa which was valued at over £1bn in 2024.
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Over the five years to September 2024 the three VCTs delivered a net asset value total return of between 22% and 40.9%.
Nicholas Hyett, investment manager at Wealth Club said: “It’s common for VCTs to offer investors who back a fundraise early a little sweetener in the form of lower fees. But if you want to take advantage of the discounts it pays to act quickly – Albion’s early bird discount of up to 1% disappeared in a little over 24 hours.
“That’s no surprise given Albion’s recent successes. The team has a reputation for backing some of the brightest UK start-ups, many of which have gone on to be backed or acquired by leading global tech investors.
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“Appetite for VCTs is only likely to accelerate in the coming months, as the tax year end approaches and investors digest the impact of tax rises announced in the budget. Those interested in accessing the best deals, or even just accessing the most popular VCTs, need to be on their toes.”
