- Mercia Asset Management
- 23 December 2025 16:58:09
Source: Sharecast
The AIM-traded private capital asset manager, which has around £2bn of assets under management, said the Northern VCTs announced on 8 December that each would increase its offer by a further £10m, adding £30m in total.
Each trust issued a supplementary prospectus on 18 December.
The Northern VCTs comprise Northern Venture Trust, Northern 2 VCT and Northern 3 VCT.
Mercia said the enlarged fundraises formed part of its managed assets under management.
“We are pleased by the current strong progress of the Northern VCTs' fundraises and are grateful for the continued support of the Northern VCTs' shareholders, in what is a competitive VCT fundraising environment,” said Mark Payton, chief executive of Mercia.
“The proceeds raised from the increased offers for subscription will be used to continue to back growth businesses across the UK, in line with each Northern VCT's investment mandate, and make use of the larger investment limits announced in the UK budget on 26 November 2025.”
At 1514 GMT, shares in Mercia Asset Management were down 0.07% at 29.48p.
Reporting by Josh White for Sharecast.com.
