Northern VCTs launch £36 million fundraise

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The Northern VCTs have built a well-diversified portfolio with a particular emphasis on opportunities outside of London and the South East. 11 regional offices, sprinkled across the UK, as well as one of the larger teams in the market mean manager Mercia is well equipped to identify opportunities early and before they appear on the radar of more London centric managers.

The VCTs have enjoyed a flurry of exits in recent times, with proceeds of over £250 million since the start of the pandemic. That has left behind a younger portfolio, which may mean fewer exits in the near term, but also means the VCT is focussed on higher growth opportunities.