Albion launches top-up fund for six VCTs

The firm will hold a first close on 19 December, with the final closing to be held on 5 April 2013. It targets monthly tax-free income of 5.7%.

Investments
The investors will be exposed to six mature Albion VCTs, which are invested in 58 companies worth around £187m. They consist of asset-backed investments as well as growth and technology companies, with a particular focus on the healthcare and environmental sectors.

Exact allocations are: 12% cash and cash equivalents, 11% hotels, 9% pubs, 17% other leisure, retail and property, 6% education, 9% renewable energy, 9% asset-backed healthcare, 7% growth and medical technology healthcare, 5% business services, 3% travel and 12% IT and technology.

People
Patrick Reeve is managing partner at Albion.

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• Venture
• UK / Ireland
• Albion Ventures
• United Kingdom