Fund manager Northern Venture Managers is marking the start of this year's venture capital trust season with its Northern 3 VCT on September 25.
The trust will be a UK generalist VCT and and is looking to raise £25m.
The portfolio will consist primarily of stakes in small unlisted UK companies, including those recently floated on the AIM.
It will spread itself across sectors and financing stages and co-invest with other VCTs run by Northern in deals of up to £5m.
Shares will be available for subscription at an issue price of 100p.
Minimum investment is £3,000 and maximum is £100,000 per tax year.
An annual management fee of 1.5 per cent applies in the first year, 2 per cent in the second and 2.5 per cent in subsequent years. Commission is 3 per cent.
Managing director Alastair Conn says: “We expect Northern 3 VCT to be one of the most popular VCT issues this year.
“NVM is currently seeing a strong flow of new deals, and following the recent adjustment in the markets we are finding companies' advisers are taking a more realistic view on deal pricing, which should have a beneficial impact on future investment returns.”