Below we list the current VCT offers available for investment. Each is accompanied by a brief commentary. For each of our Featured Offers we also provide an extended research note.
VCTs are riskier than conventional investments so they're not for everyone. Before you invest you should ensure you have read and understood the product's Application Pack and the Risks and Commitments.
Mobeus is a private equity house with a strong track record of VCT management. In the past its four VCTs have predominantly invested in MBOs; however since the VCT rule change in 2015 they have built up an experienced growth investing team, led by Trevor Hope (formerly of the ProVen VCTs). Mobeus is good at structuring deals and focuses on mid-stage growth companies; investors will continue to be exposed to the MBO portfolio although this will be replaced over time.
Managed by NVM Private Equity in Newcastle, the three Northern VCTs are among the longest-running Venture Capital Trusts and have built up a strong investor following over the years, gaining a reputation for share offers that quickly sell out. The managers invest in a broad spread of businesses throughout the whole of the UK and have made 11 new VCT-qualifying investments since the rule changes in 2015. Investors will also be exposed to legacy assets consisting mainly of MBO investments.
Recent rule changes should have little impact on this VCT as it has always been focused on earlier stage growth-oriented companies. This huge VCT, at £425 million in size, has around 55 companies across a wide range of sectors. The focus is on backing talented entrepreneurs. It has backed some notable winners in the past including Zoopla, SwiftKey and Graze.
Unicorn is a specialist smaller company fund manager. This VCT has been a consistent long-term performer. The managers look for companies with strong cash flows and potential to pay and grow dividends over time. This is a large, well-diversified VCT and is worthy of consideration.
Albion Capital (formerly Albion Ventures) manages six VCTs; it is one of the longest established VCT managers. The funds have a broad spread of underlying investments in earlier-stage technology, more mature asset backed businesses, renewable energy, healthcare and education, and a strong credible team managing these.
The Calculus VCT invests alongside the long-established Calculus EIS fund, which launched in 1999, offering a lower entry point for investors seeking Calculus’ approach to building a broadly diversified portfolio. In 2017 the VCT has merged with Neptune Calculus VCT.
This new share class for the longstanding Downing Four VCT is looking to raise £10 million (with a further over-allotment of £10m) to invest in early-stage healthcare, biotechnology and life sciences businesses. Downing is the overall manager, but will use the skills of specialist healthcare investor BioScience Managers to source and manage deals.
Generalist VCT with a focus on growth businesses, particularly in software and computer services. Now co-invests alongside Draper Esprit which should enhance deal flow and opportunities to invest in larger more established businesses.
Foresight 4 VCT plc has a long history of takeovers, mergers and diverse investment mandates. Look beyond this, however, and the underlying story is a good one, with potentially promising prospects. The Foresight 4 VCT has merged with its smaller sibling, Foresight 3 VCT, and will together raise £50 million, with an over-allotment facility of a further £50 million.
Maven is one of the premier VCT managers. It manages six VCTs alongside its private equity and debt financing activities. Maven has particular strength in the UK regions, with 10 offices around the country.
This is a £30 million fundraise for the Octopus AIM VCT and Octopus AIM VCT 2 (together the Octopus AIM VCTs). Investors will have exposure to a well-established portfolio of maturing and profitable AIM companies plus earlier-stage businesses from newer investments.
This £32 million top-up offer is an opportunity to invest in five of Albion’s VCTs: Albion Development, Albion Enterprise, Albion Technology & General, Crown Place and Kings Arms Yard. Each VCT has a minimum of £1,200 ...
An 18-year track record, exceptional dividends and an enviable reputation. Mobeus VCTs are a perennial favourite of seasoned VCT investors and we think this new offer will be popular.As this is a top-up offer, investors will ...
Last tax year a staggering £120 million was invested in Octopus Titan VCT. Now Octopus Investments has announced an even more ambitious fundraising target: up to £200 million (£120 million, with a possible over-allotment facility of ...
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