Baronsmead Venture Trust and Baronsmead Second Venture Trust (the Baronsmead VCTs), managed by specialist alternative asset manager Gresham House, have raised a further GBP75 million.
As with previous years, this 2022 tax year fundraise closed ahead of schedule and was oversubscribed beyond its initial GBP50 million target, reflecting strong investor demand. The Offer opened up new distribution channels including the St James’s Place platform, which further increased accessibility to retail investors.
The Baronsmead VCTs are managed by Gresham House and are hybrid VCTs, with public and private equity portfolios that look to deliver consistent returns with a consistent dividend yield for shareholders. They sit alongside the pure-play private equity Mobeus VCTs, which Gresham House acquired in 2021.
Gresham House’s private and public equity teams specialise in high-growth, scalable and technology-driven businesses in the tech, services, consumer, healthcare and education spaces. The additional funding will be deployed into attractive private and AIM-listed companies in these sectors and beyond.
