The fundraising for Baronsmead’s four venture capital trusts (VCTs) has raised £16.54 million after becoming fully subscribed 18 days after its launch.

On 12 January, Baronsmead VCT, Baronsmead VCT 2, Baronsmead VCT 3 and Baronsmead VCT 4 each launched its own offer for subscription to raise up to £4.135 million each, £16.54 million in aggregate.

The four funds are managed by London-based venture capital firm ISIS Equity Partners whose last investment through them came in November through the backing of Community Care Management. The Baronsmead VCTs were originally launched in 1995.

Andrew Garside, head of new investments for the Baronsmead VCTs, comments, ‘We are delighted with the strong appetite for the fundraising which meant that they were fully subscribed 18 days after launch.

‘We remain active investors supporting UK entrepreneurs and we are aiming to make several new investments in 2012 to continue the growth of the Baronsmead funds.’

According to a statement, the funds raised will enable the VCTs to take advantage of ‘anticipated investment opportunities’, as well as maintaining liquidity and the continuation of payments of dividends and costs without reducing the overall amounts available for investment.