Trinity Venture Capital (TVC) has confirmed that it is to seek a listing on the IEX market of the Irish Stock Exchange and the Alternative Investment Market (AIM) of the London Stock Exchange.

The venture capital company, which has around €165 million under management, expects to start trading on the IEX and AIM as TVC Holdings in the first half of next month.

TVC intends to raise €50 million through an equity placing, with the funds raised to be used to finance the development of its existing portfolio of companies and fund new investments.

TVC, which is a private equity investor and investment manager, targets companies in Ireland and Britain which are likely to be successful internationally.

Current investments include Norkom, CR2, ChangingWorlds, AePona, Havok and the TAS group.

Most of its portfolio is in the technology sector, and it has two main venture capital funds, known as Trinity Venture Fund 1 and Trinity Venture Fund 2.

The board of TVC Holdings will be headed by executive chairman Shane Reihill, who founded the company in 1997.

Mr Reihill will relinquish his role as director of the family asset management company BHR, but will stay on as non-executive chairman.

TVC's chief executive is John Tracey, while other directors include Rory Quirke and chief financial officer and company secretary John Fagan.

Non-executive directors include Padraig O'Riordáin, Gavin O'Reilly and John McGuckian.

Mr Reihill said that the company would maintain its focus on capital appreciation. It would continue to work actively with its initial portfolio as well as identifying new investment opportunities.

TVC intends to further expand its interests outside the technology sector.