NVM's Northern VCTs hit £50m

The successful fundraise sees the Northern Venture Trust Fund and Northern 2 VCT collecting £15m each, while Northern 3 VCT has raised £20m.

The offerings received £22m from 1,270 existing shareholders in the Northern VCTs, and £28m from 1,130 new investors.

Demand for the offering was bolstered by the funds' recent performance; Northern Venture Trust, Northern 2 VCT and Northern 3 VCT achieved total returns of 15.3%, 13.3% and 13.4% respectively for the 12 months ending 30 September 2012.

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• Topics
• Funds
• UK / Ireland
• NVM Private Equity
• United Kingdom