Baronsmead targets £30m VCT fundraising

Baronsmead has launched a top-up scheme with the aim of raising £30m across its five-strong range of VCTs.

The five vehicles, which hold £343m in assets, were one of the first VCT ranges to enter the market in 1995. Each fund has an existing portfolio of between 49 to 71 companies, investing primarily in unquoted and AIM-traded equities. The funds are managed by ISIS Equity Partners, who employ a top-down sector driven approach, focusing on pricing power. Andrew Garside, investment director at ISIS Equity Partners, said: "The Baronsmead VCTs are delighted to offer new investors and existing shareholders the opportunity to invest directly in the five Baronsmead VCTs, enabling investors t...