Albion Capital's VCTs are profiting from focus on health and technology
- Albion Capital VCTs make successful exit from care homes investment
- Venture capital trusts are delivering resilient growth in the current environment
- Albion Capital target high growth companies, seeking opportunities in software, healthcare and more
About the company
Albion Capital Group LLP is a leading independent investment manager with a long-term record of backing change and growth. The wider Albion Group has funds of around £1 billion under investment management or administration.
Combining a thematic, returns-driven investment approach, we target sectors where we see opportunities for the creation of long term value. Albion’s focus is on longevity as partners in order to maximise the returns for our investors and the management teams whom we support. AlbionVC, our specialist technology investment team, helps build the future of enterprise and healthcare focussing on B2B software and healthcare at Series A.
How it is doing
Albion Capital Group has exited from an investment in care homes, realising a total return of 2.5 times for its venture capital trusts.
The VCT investment manager's stake in three high-end care homes managed by Berkley Care Group was sold for an undisclosed sum to leading France's Korian, a leading care services group for elderly and fragile people.
The Berkley Care Group was founded by entrepreneur Seamus Halton and, with Albion's various tranches of investment since 2014, has helped it to grow to six modern, purpose-built facilities across the South, South West and Midlands.
Albion said the exit is in line with the evolution of Albion’s strategy for the venture capital trusts it manages, which has moved away from asset-backed investments to identify fast-growing tech-enabled businesses whose business models have a positive impact on society, particularly in the areas of healthcare and business software.
Albion Capital Group has reported record investor demand after closing top-up offers for its family of venture capital trusts earlier than scheduled and fully subscribed.
With investment flooding in from existing and new shareholders, 2020/2021 top-up offers across five VCTs raised a combined £45mln in January and have since lifted this to £58.5mln.
Albion Venture Capital Trust PLC (LON:AAVC) saw its net asset value increase in the fourth quarter of 2020.
The unaudited net asset value (NAV) at the end of 2020 was £73.7mln, equivalent to 73.48p per share (excluding treasury shares), which was an increase of 3.89p (5.6%) per share from the end of September.
Insight: Venture capital trusts are delivering resilient growth in the current...
A number of managers of venture capital trusts (VCT) have been investing in sectors that have been less affected by the current economic circumstances and indeed are being driven by trends that have accelerated by the crisis.
In doing so, VCTs have enabled private investors to access UK small companies in sectors continuing to demonstrate growth at a time when growth is so elusive, says Will Fraser-Allen, managing partner at Albion Capital Group, in a recent op-ed.
What management says
Albion Capital's Will Fraser-Allen joins Proactive London's Katie Pilbeam to discuss the profound and lasting impact Covid-19 is having on our economy.
But aside the overall grim reality of the pandemic, Fraser-Allen highlights the raft of exciting young growth companies thriving despite dire external conditions.
He explains how high growth companies in various have been operating, how VCTs have been supporting them and how VCT investment is supporting economic recovery.
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