Albion VCTs launch £90 million fundraise
The Albion VCTs have launched an offer for up to £60 million (£60 million + £30 million overallotment).
The VCTs have total net assets of £715 million and a portfolio of around 85 companies.
The Albion VCTs have generalist investors – though tend to concentrate on fintech, software & deeptech and healthcare. They have enjoyed a flurry of recent exits, though that has left the VCTs quite concentrated with 17.6% invested in Quantexa, their largest holdings.
Over the five years to September 2025 the VCTs delivered an average NAV total return of 36.4%.
The VCTs target an annual dividend equal to 5% of NAV.
Nicholas Hyett, Investment Manager at Wealth Club commented:
“The Albion VCTs have enjoyed a lot of success recently – including the sale of email security group Egress for 7x cost. However, the big story for new investors is Quantexa.
Quantexa is the current darling of the VCT industry. Back in March the firm was valued at $2.6 billion in a funding round that raised $175 million from blue chip global investors including the venture arm of the Ontario Techers’ Pension Plan. It’s most recent set of results, covering the year to March 2024, show revenues rising 31.4% to £76.1 million. It’s one of the VCT sector’s great success stories.
Having first invested in the company way back in 2017, and despite already having sold some of its stake, the Albion VCTs now have a combined position valued at £126.3 million or around 13.4x cost. That’s equivalent to 17.6% of the portfolio. It’s a big bet, and means, in the short term at least, Quantexa’s performance will play a large part in determining the success or failure of the VCTs as a whole.
Longer term, Albion’s success with companies like Egress and Quantexa seems to getting recognition from global venture capital investors and start-ups. Recent deals have seen Albion co-invest alongside leading US investors like Andreesen Horowitz and Alumni Ventures – not names you typically find backing early stage UK companies and a sign that new additions to the portfolio could be particularly promising.”
