The British Smaller Companies VCTs have announced an offer for up to £75m, split between a £50m main offer and a £25m overallotment.
The VCTs are managed by YFM Equity Partners and have total net assets of £415m across a portfolio of 42 companies.
The trusts focus on technology companies with a bias towards data, tech-enabled services and new media.
Over the five years to June 2024 the VCTs delivered a net asset value total return of 68% and 61%.
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The largest holding is cloud data tech firm Matillion, which achieved unicorn status as one of Europe’s fastest growing businesses.
Jonathan Moyes, head of investment research at Wealth Club, said: “British Smaller Companies manager, YFM Equity Partners, has an excellent reputation and has built up a strong following among investors.
“Previous investments include, Unbiased, the financial advice marketplace that many advisers could not live without, and Manchester based Matillion, which provides a data analytics platform to corporates.
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“The VCTs have benefitted from a flurry of recent exits, which we expect will help maintain the VCTs formidable, if volatile, dividend record.”
