JO Hambro has set up a venture capital trust investing in the leisure and media sectors.
The leisure & media VCT, sponsored by Rathbone Neilson & Cobbold, wants to raise £30m during its offer period, which closes on April 5.
The fund is managed by Hambro fund manager Christopher Mills. Specialist consultantcy Humbert Leisure will advise on the leisure portfolio of the fund.
Twenty-five per cent of the fund is to be invested in two Dublin-based hedge funds – the Trident North Atlantic and Trident European funds.
After three years, Hambro will sell the hedge fund holdings and return the capital to investors. The company says this will mean investors take back around 45 per cent of their initial investment, which it says no other VCT has to date achieved.