ProVen VCT

ProVen is a well-established VCT with over £107 million in assets and over 46 companies in the portfolio. It is managed by Beringea, one of the most experienced VCT managers in the UK. The company also manages the ProVen Growth & Income VCT.

Although badged a ‘generalist’ VCT, the manager Beringea is well known for investments into digital media. Its focus has always been on earlier stage growth opportunities and as such the November 2015 VCT rule changes on MBOs should have little impact on this VCT’s approach. The team's current portfolio investments include Watchfinder, Maplin and Deliveroo; successful investment exits to date have included jeweller Monica Vinader and eyewear specialist MyOptique.

This VCT has announced its intention to raise €5 million (approx. £4.5 million) in a top-up offer, alongside ProVen Growth & Income VCT which is raising the same amount. To be alerted as soon as the offer opens, register below.

Watch an exclusive video interview with Karen McCormick, chief investment officer at Beringea

The details

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