Seneca Growth Capital VCT launches £10m B share offer as 'post-Covid investment opportunities' emerge

Over-allotment facility to raise another £10m

clock • 1 min read

Seneca Growth Capital VCT, which is managed by Seneca Partners, has launched a new B share offer to raise £10m, with an over-allotment facility to raise up to a further £10m.

The VCT launched in 2018 and aims to provide investors with an income stream as well as capital growth over the longer term, by targeting established, well-managed businesses with strong leadership teams that are seeking an "injection of growth capital". John Davies, investment manager at Seneca Partners, said it had "a strong pipeline" of opportunities in due diligence. A Silver Wedding for VCTs: 25 years of innovation "We expect to see an increase in the number of businesses seeking investment to support their growth plans over the next year, as they react and adapt to this ever-...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on VCTs/EIS