Nearly 18 months after its launch, Close Enterprise VCT holds most of its assets in fixed-interest securities and loan notes, according to its interim management statement.
Three AIM venture capital trusts (VCTs) managed by Close Investments, representing approximately £65 million of assets in total, have moved across to Octopus Investments.
The management of Arc VCT has admitted the response to its ‘C’ share offer was 'disappointing'. The offer, which sought to raise up to £7.5 million, has brought in less than £300,000.
Venture capital trusts (VCTs) still have more than £1 billion to invest in fast-growing companies, according to research from GrowthBusiness sister title Business XL.
ProVen VCT produced a positive total return for investors last year thanks to a number of profitable exits, including that of marketing group Gyro International.
The Key Revolution, a developer of technology allowing nomadic computer users to work from any machine without leaving traces behind them, has secured equity funding.
The management of the Noble Health Fund VCT says the decline in its net asset value (NAV) per share is due to the poor share price performance of the AIM-listed companies in its portfolio.
