Northern Venture Trust PLC is a venture capital trust focused on direct investments and fund of funds investments. It targets middle market, buyout, later stage, and mature companies, and within fund of funds it invests in private equity funds. The trust typically invests between £2 million ($3.11 million) and £10 million ($15.59 million) in companies with enterprise values of £10 million ($15.59 million) to £30 million ($46.77 million), and prefers to take majority stakes. It focuses on long-term equity and loan investments in a portfolio of quoted and unquoted shares and securities.