The VCT is one of the largest in the UK, with total net assets at £1.1bn, invested across 140 companies.
Nicholas Hyett, investment manager at Wealth Club, said that the "venture capital giant has been through a tough time recently".
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Investing primarily in fintech, health, deeptech, B2B software, consumer, biotech and climate sectors he said "Titan's been hit hard by the tech slowdown over the last 18 months, while the collapse in the value of Cazoo, formerly the VCT's top position, has also weighed heavily on performance".
Hyett reiterated that the funds investment philosophy had remained steadfast over the period, "the problem is, that philosophy has been very out of favour", he said.
Year-to-date, the fund has lost 20.8%, according to FE fundinfo data, with the IT VCT Generalist sector down just 0.3%.
Hyett said that "The all-important question going forwards is whether the slow slide in public market valuations - which influence private valuations - has stopped. If so, the strong underlying revenue growth from Titan's investee companies has the potential to drive better returns in the months and years ahead."
The latest fundraise comes just under a year since its previous one.