Quester reopens VCT 5.

Quester has reopened its fifth venture capital trust. The top up share issue is seeking to raise an additional £10m on top of VCT 5’s existing £22m net assets.

This is an established fund offering new investors the prospect of achieving accelerated returns through the distribution of capital gains on future investment realisations as opposed to investment in a brand new VCT.

Quester VCT 5 has a diversified portfolio of companies in high growth sectors weighted

towards information and communication technologies, and healthcare and life sciences.

Quester director John Spooner, said: “There are significant advantages to investing in an

existing venture capital trust. Having been established for nearly three years, VCT 5 offers new investors the prospect of achieving accelerated returns through the distribution of capital gains on future investment realisations – in comparison with investment in a brand new VCT.”

New investors gain immediate exposure to a portfolio with a good spread of investments,

while existing shareholders also benefit from a larger, more diversified portfolio with costs spread over a larger capital base.

Noble is acting as adviser and broker to Quester’s fund raising for VCT 5.