Matrix seeks £15m for Income & Growth VCT

Matrix Private Equity Partners (MPEP) is aiming to raise £15m in an S share offer for The Income & Growth VCT, formerly named TriVest VCT, on the back of strong performance in the sector and by MPEP. The new S share fund will be managed separately from the existing dual managed O share fund. It will be a single share class managed solely by MPEP. MPEP is the sixth-largest VCT Manager in the UK, advising over £110m funds under management across five Income & Growth VCTs. The eight-strong team includes four senior partners who have worked together for almost a decade.

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• UK / Ireland