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Last-minute bounty for Matrix
Matrix Private Equity has seen its VCT fundraisng performance turned around in the last three weeks of the tax year, raising almost 70 per cent of the £15.4 million total for its Matrix Income & Growth 4 VCT.
‘I have never seen a VCT market where there has been such a last minute rush,’ declares Matrix Securities director Bridget Guerin.
This pleasing news for Matrix was more impressive against a background of underperforming VCT fundraisings. New monies raised overall by VCTs fell by almost two thirds in the 2006/07 tax year, from £750 million to £269 million, according to data from Allenbridge.
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