Edinburgh-based venture capital trust Amati AIM has confirmed it plans to raise £25 million for new investments.
The company confirmed its target after announcing a planned subscription in June.
It said that in the light of current investment opportunities, Amati AIM would seek to raise the amount over 12 months from the date of the prospectus, due to be published in late October.
Only £15 million of the total can be raised before the company's year end on 31 January to allow for more flexible deployment of funds.
The directors will have discretion to use an over-allotment facility of up to £20 million if there are suitable investment opportunities and if there is enough demand from investors.
They will also be able to raise another £5 million from the Company's Dividend Re-Investment Scheme.
Amati VCT was launched in 2005 Dr Paul Jourdan as First State AIM VCT. Amati AIM VCT was formed from a merger of Singer & Friedlander AIM 3 VCT, Invesco Perpetual AiM VCT, Noble AIM VCT and Amati VCT.
In the wake of the Woodford fund scandal, Jourdan recently reassured investors that Amati would not put money into private firms or low-liquidity investments.
