Northern Venture Trust has opened a targeted £60m fundraise across three of its venture capital trusts (VCTs).
The firm has given priority to existing shareholders, who have three weeks to invest before the offer extends to new investors.
Northern VCTs have a "diverse portfolio" of 34 unquoted companies and are predominantly made up of management buy-outs, the firm said.
Northern also claimed to have topped sector performance tables over the last one, three and 10 years on a net asset value total return basis.
It said £1 invested ten years ago in the Northern Venture Trust should now be worth £2.67 - assuming dividends were invested and the 30% VCT tax relief was capitalised.
"With this offer investors get a decent mix of old MBO style companies and newer growth investments," said Wealth Club CEO and founder Alex Davis. "Although for the first three weeks the offer is only available to existing investors, new investors wanting to get a slice of the action should also apply now so that when the offer does open, they will be first in the queue."
Octopus last week launched a potentially record-breaking £120m fundraise, which, if fully subscribed, will take the Titan VCT total fund size past the £600m assets under management mark.
In total the sector had £3.9bn invested at the end of the 2016/17 tax year, according to the Association of Investment Companies, after raising £542m in the year - the second highest amount in the sector's 22-year history.
Downing too launched a £20m top-up offer for its Downing ONE VCT to "take advantage of a strong pipeline of new opportunities" and support the growth of its existing portfolio companies.
With net assets of about £90m, Downing ONE is one of the larger VCTs in the market and also claimed to be one of the more diversified, with approximately 80 companies in its current portfolio.
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