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October 1984 Northern Investors Company Limited (NIC) is established in Newcastle upon Tyne as a self-managed investment company with capital of £5m
October 1988 NIC executives set up NVM Private Equity Limited (NVM) as an independent venture capital management company with a contract to manage NIC’s investments
February 1989 NVM raises a new £15m, 10-year limited partnership, Northern Venture Partnership Fund (NVPF), to invest alongside NIC
August 1989 NVM opens Edinburgh office
April 1990 NIC becomes a public company, raises £2m through a rights issue and is listed as an investment trust on the London Stock Exchange with an opening share price of 200p
February 1995 NVPF’s funds are fully committed and it ceases to make new investments
October 1995 Northern Venture Trust PLC (NVT) is floated as a Venture Capital Trust under the 1995 Finance Act rules and raises £15m through a public share offer
April 1997 NVT’s second public share offer raises £20m
July 1997 NIC net asset value per share reaches 500p
September 1997 100th investment since 1984 completed
July 1999 Northern 2 VCT PLC raises £21m through a public share offer
June 2000 NVM joins the Edinburgh Fund Managers group and manages venture capital funds totalling over £90m
September 2000 NVM opens Reading office
December 2000 Northern AIM VCT raises £22m through a public share issue
January 2001 NIC completes £10m open offer and placing
June 2001 Northern 2 VCT raises £22m through a top-up share issue
September 2001 NVM launches a new generalist VCT - Northern 3 VCT PLC
December 2003 NVM completes buyout from Aberdeen Group
March 2005 Northern Venture Trust is extended until 2010 and launches 10% tender offer to shareholders
April 2005 Northern 3 VCT raises over £10m in share issues in 2004/05 tax year
April 2006 Northern Venture Trust raises £20m through a C share issue in 2005/2006 tax year
April 2006 Northern 2 VCT raises £6m through a top-up share issue in 2005/2006 tax year
January 2007 Northern Venture Managers Limited re-brands to become NVM Private Equity Limited
April 2008 Northern 2 VCT raises £9.5m through a top-up share issue
May 2010 Northern 3 VCT raises £12.7m through share issues in 2009/10 and 2010/11 tax years
February 2011 Northern Venture Trust PLC raises £15m through a top-up share issue in 2010/2011 tax years
March 2011 Northern 2 VCT PLC and Northern 3 VCT PLC raise £3.15m through a linked top-up share issue in 2010/2011 tax years.