Foresight, Clearwater team up to offer £20m VCT
Foresight Group, an independent alternative asset manager, has teamed up with Clearwater Corporate Finance to launch a ТЃ20m venture capital trust (VCT) to invest in UK businesses seeking under ТЃ10m of capital.
The Foresight Clearwater VCT aims to capitalise on an expected rise in demand for private funding now that the limit on Entrepreneurs' Relief has been raised from £1m to £5m. The fund will invest up to £1m per deal, utilising Clearwater's deal sourcing expertise and Foresight's investment experience.
Foresight manages more than £200m across the environmental infrastructure, solar energy and private equity space. Clearwater is an independent advisory firm.
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