Baronsmead is to launch its first Aim-foucsed VCT to be managed by David Thorp and Henrietta Marsh and marketed by F&C.
The Baronsmead Aim VCT will launch in February aiming to raise 20m to be invested in a portfolio of 40-50 Aim-traded investments.
Baronsmead currently has more than 220m in assets spread across its 4 VCTs, with 53m of this invested in Aim stocks. The firm says the other four VCTs will co-invest alongside the Aim VCT if it wants to invest more than 2m into an individual company.
Thorp says; “We, through the VCTs, are normally one of the largest institutional shareholders in these VCT qualifying companies. This influence we have as a shareholder will be a distinctive feature of the Aim VCT.”