Blackfinch Spring VCT launches £40 million fundraise

The Blackfinch VCT has launched an offer for up to £40 million (£20 million + £20 million overallotment)
The VCT has total net assets of £64.2 million and a portfolio of 35 companies
The Blackfinch VCT is a generalist investor, preferring to back companies with a strong focus on R&D or innovation and that are already showing some signs of traction in sales
Over the five years to June 2025 the VCT has delivered a NAV total return of 12.6%
The VCT targets an annual dividend equal to 5% of NAV

Nicholas Hyett, Investment Manager at Wealth Club commented:

“Having launched in 2020, the Blackfinch Spring VCT has recently passed the all important 5 year mark. Over that time it has demonstrated considerable success in fundraising, built a sizeable portfolio of private companies and started paying the all important tax free dividend that underpins the appeal of any VCT.

Standout investments include digital marketing platform Illuma, which the VCT first backed in 2021 and which has more than doubled in value since then. With rules around digital cookies tightening all the time, Illuma targets content rather than people. Its AI technology analyses webpages to find the content most relevant to its adverts, continually monitoring engagement and optimising campaigns in real time.”