Matrix looking for £15m

UK VCT manager Matrix Private Equity Partners (MPEP) has launched Matrix Income & Growth 2 for investment in management buyouts.

It is looking to raise £15m in a C share offer, which will be used to invest alongside the firm’s four other VCTs.

Matrix is confident it can take advantage of the economic downturn, particularly in the light of the lack of bank debt available to smaller businesses.