Matrix Private Equity has seen its VCT fundraisng performance turned around in the last three weeks of the tax year, raising almost 70 per cent of the £15.4 million total for its Matrix Income & Growth 4 VCT.

Matrix Private Equity has seen its VCT fundraisng performance turned around in the last three weeks of the tax year, raising almost 70 per cent of the £15.4 million total for its Matrix Income & Growth 4 VCT.

‘I have never seen a VCT market where there has been such a last minute rush,’ declares Matrix Securities director Bridget Guerin.

This pleasing news for Matrix was more impressive against a background of underperforming VCT fundraisings. New monies raised overall by VCTs fell by almost two thirds in the 2006/07 tax year, from £750 million to £269 million, according to data from Allenbridge.