Northern VCTs – manager interview
Tim Levett, Chairman of NVM Private Equity, talks to Wealth Club about the Northern VCTs.
These three VCTs, the first of which was among the earliest venture capital trusts (launched 1995), have an extremely loyal investor base. In December 2019 they announced a change to the management arrangement, with Mercia Asset Management acquiring NVM’s VCT team. The latest share offer seeks to raise £40 million across the 3 VCTs.
What will change, and what will stay the same under the new arrangement? What makes up the portfolio currently, and what kind of companies are the new investments being made into? Can the VCTs continue to provide consistent returns? And is this a good time to become a new shareholder? Alex Davies, founder and chief executive of Wealth Club, interviews Tim Levett to find out.
Please note: the opinions expressed in this video are the interviewee’s own and do not necessarily reflect the view of Wealth Club Limited. This interview, like our service, is not advice nor a personal recommendation. The products featured are not suitable for everyone and capital is at risk. Tax benefits depend on circumstances and tax rules can change. Remember, past performance is not a guide to the future. Dividends are variable and not guaranteed. If you’re unsure an investment is right for you, please seek professional advice.
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