REG - Mercia Asset Mgt PLC - Mercia's Northern VCTs raise record £80.0million

Mercia Asset ManagementAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260311:nRSK1235Wa&default-theme=true

RNS Number : 1235W  Mercia Asset Management PLC  11 March 2026

 
 RNS  11 March 2026

 

Mercia Asset Management PLC

 

("Mercia", the "Group" or the "Company")

 

Mercia's Northern VCTs raise record £80.0million

 

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused
specialist asset manager with  over £2.0billion of assets under management
("AuM"), is pleased to note that the three Northern Venture Capital Trusts
("Northern VCTs"), which form part of Mercia's third-party funds under
Management ("FuM"), have successfully completed their expanded fund raise
totalling £80.0million of new capital, through share offers launched in
September 2025.

 

The Northern VCTs comprise Northern Venture Trust PLC, Northern 2 VCT PLC and
Northern 3 VCT PLC. Following an initial allotment in November 2025, they each
expect to allot the remaining new shares on or around 2 April 2026.

 

Mark Payton, Chief Executive Officer of Mercia, commented: "I am delighted
that the Northern VCTs have achieved a record fund raise in the context of a
more challenging fund raising environment. The successful £80.0million fund
raise is another example of how Mercia is scaling its broad range of
investment capabilities across venture, development capital and property
finance. It also underscores the trust that Mercia has built in managing the
Northern VCTs, which remain a vital source of investment for SMEs throughout
the UK, whilst they navigate the current economic climate."

 

 -Ends-

 

 

For further information, please contact:

 

 Mercia Asset Management PLC                                 +44 (0)330 223 1430

 Mark Payton, Chief Executive Officer

 Martin Glanfield, Chief Financial Officer

 www.mercia.co.uk (http://www.mercia.co.uk)

 Canaccord Genuity Limited (NOMAD and Joint Broker)          +44 (0)20 7523 8000
 Simon Bridges, Andrew Potts, Harry Rees

 Singer Capital Markets (Joint Broker)                       +44 (0)20 7496 3000
 Charles Leigh-Pemberton

 FTI Consulting                                              +44 (0)20 3727 1051
 Tom Blackwell, Thomas Lodge
 mercia@fticonsulting.com (mailto:mercia@fticonsulting.com)

 

About Mercia Asset Management PLC

Mercia is a private capital asset manager focused on supporting regional SMEs
to achieve their growth aspirations. Mercia provides capital across its four
asset classes of venture, debt, private equity and proprietary capital: the
Group's 'Complete Connected Capital'.

 

The Group has a strong UK footprint through its 11 regional offices, extensive
local adviser and personal networks, and university partnerships, providing it
with access to high-quality deal flow.

 

Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGPUCUWUPQGBU



            Copyright 2019 Regulatory News Service, all rights reserved