Mobeus achieves £60.1m VCT fundraising target early
Mobeus is pleased to announce that its VCT fundraising offers have reached their aggregate £60.1 million target, bringing the firm’s total funds under management to nearly £450 million.
Including these new funds, Mobeus now advises on approximately £280 million of VCT capital, focused on growth capital investment, and manages a £166 million institutional fund, targeting buyouts. Its large and experienced team of 21 new investment professionals across growth and buyouts is actively targeting exciting new investment opportunities.
In the last 12 months, Mobeus has made seven new investments, totalling over £40 million whilst exiting three companies with total proceeds over the life of the investment of £38 million, a return of 2.5x on original capital invested. Its total portfolio now includes investments in more than 40 companies, covering a wide range of sectors and stages of growth. Mobeus employs 36 members of staff overall, focused on new investment, portfolio management, marketing and support.
“There has been strong demand for VCT Offers during a lively fundraising season so far but shareholders are increasingly discerning and have focused on Offers with strong track records, experienced teams and a clear investment strategy. We are very pleased this has led to the Mobeus-advised VCTs achieving their fundraising targets so early in the year.”
Mobeus Managing Partner, Mark Wignall
14 January 2020
“A great start to 2020. We are delighted by the support from shareholders, new and existing, which allowed us to achieve a rapid, oversubscribed fundraising. We have a well-established and experienced team continuing to look for high quality British businesses to back and we have an exciting pipeline of new investments for this year.”
Mobeus Head of Growth Investments, Trevor Hope