Foresight VCT

This VCT is not available via Wealth Club. 

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Important: The information on this website is for experienced investors. It is not advice nor a research or personal recommendation to invest. If you’re unsure, please seek advice. Investments are for the long term. They are high risk and illiquid and can fall as well as rise in value, so you could get back less than you invest.

The manager

Foresight Group was founded in 1984 as a specialist technology venture capital manager. In total, it has £12.64 billion under management and over 29,000 clients (October 2022).

The VCT is overseen by Head of Private Equity Russell Healey, who has more than 25 years’ experience in venture capital investing and fund management. He is supported by a team of over 45 investment professionals whose backgrounds range from corporate finance to hands-on operational experience. 

In June 2022, Foresight announced its acquisition of the technology ventures division of Downing LLP. As part of the deal, seven members from Downing, including three venture partners, have joined Foresight’s private equity team. Following the acquisition, the expanded Foresight team manages a total of £542 million across its VCTs. 

Foresight aims to be a regional specialist and has nine offices across the UK which it uses to drive deal origination.

Risks: important

This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice. 

VCTs are high-risk so should only form part of a balanced portfolio and you should not invest money you cannot afford to lose. They also tend to be illiquid and hard to sell and value. Before you invest, please carefully read the Risks and Commitments and the offer documents to ensure you fully understand the risks. 

To retain the tax benefits, VCTs should be held for at least five years. If you sell VCT shares and reinvest in new shares of the same VCT (including any mergers) within six months, tax relief can be restricted. Tax rules can change and benefits depend on circumstances.

VCTs can now only invest new money in growth capital deals. Asset-based investments are no longer permitted. This results in considerably higher risks.

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination. 

The details

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Last updated: 1 July 2021

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