YFM Equity Partners has closed its British Smaller Companies Venture Capital Trusts (VCTs) fundraising, achieving £75 million just 11 weeks after the offering opened.
The strength of investor demand led to the initial target of £50m being met in record time, prompting an over-allotment to £75m.
YFM says that this achievement solidifies its position as a leading force in the VCT market and highlights the confidence investors have in the company.
The now-closed fundraise finished ahead of schedule and captured approximately 30% of all VCT funds raised nationally during this period.
The close of this fundraising round brings the British Smaller Companies VCTs’ total growth funds to £500m, with £150m currently available for new investments.
YFM says it remains committed to identifying and backing ambitious businesses that are poised to lead in their respective industries.