The total raised by venture capital trusts (VCTs) in the current tax year is likely to fall some way short of last year's total of £429m.
This looks largely due to much reduced capacity as the sector went about digesting the full implications of the various measures introduced in 2015's March Budget statement. Puma is believed to be close...
Joe McDonnell joins as head of portfolio solutions (EMEA)
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253 deals in 2018
Changing fund structure