Mobeus VCTs sell out in 24 hours

‘Midas touch’

clock • 1 min read

Four Mobeus venture capital trusts launched on Thursday (20 January) have already sold out within just 24 hours due to “unprecedented” demand.

The VCTs were set up in a bid to raise £35m for early-stage British businesses looking to scale up, but had already sold out as of midday Friday (21 January). Some £17.5m - half of the total fundraise - was invested through Wealth Club. Alex Davies, CEO and founder of Wealth Club, said: "This is the fastest fund raise that we have ever seen, selling out 45% of its value within less than 4 hours, and closing its books by lunch today just 24 hours after launch.  "Mobeus have something of the Midas touch and a loyal and supportive base of shareholders as a result. We have been inundat...

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