Vct Financial News
18.12 / 12:54
Wealth Club
VCTs/EIS
vct
Albion Capital plans £60m fundraise for five VCTs
All five VCTs, which have total net assets of £579m, aim for an annual dividend target of 5% of net asset value.
18.01 / 14:37
fundraise
AIC
VCTs/EIS
vct
Puma Alpha VCT embarks on second £20m fundraise in two months
The VCT launched in 2019 and, according to data from the AIC, its market cap is currently at £30m, with a 2.42% discount running.
08.01 / 12:00
People moves
VCTs/EIS
vct
Venture Capital Trust Association names chair
Lewis succeeds Will Fraser-Allen of Albion Capital
21.12 / 12:22
Wealth managers
People moves
Business roles
vct
Foresight
Foresight Enterprise VCT chair set to step down
Abbott, who has served as the trust’s chair since 2017, will continue to hold the position of non-executive director until the trust’s 2024 annual general meeting, when he will retire.
20.12 / 18:45
fundraise
VCTs/EIS
vct
Foresight VCT opens £5m overallotment in response to strong demand
To accommodate further demand, the VCT will raise up to a further £5m, with the offer remaining open until 30 April 2024, unless fully subscribed before that date.
16.12 / 15:18
fundraise
Wealth Club
VCTs/EIS
vct
Puma Alpha VCT launches £20m fundraise
Puma Alpha VCT was launched in 2019 and, in the three years to September 2023, generated a NAV total return of 18.8%.
11.12 / 15:47
VCTs/EIS
vct
EIS
MICAP brings VCT and EIS rankings to market in updated scoring system
The company has added a ninth score to its ranking system, which takes into consideration fees and charges for every fund.
11.12 / 11:23
VCTs/EIS
vct
EIS
MICAP unveils updated ranking for VCTs, EISs and business relief
The company has added a ninth score to its ranking system, which takes into consideration fees and charges for every fund.
01.12 / 13:23
companies
Acquisition
VCTs/EIS
vct
Maven Capital Partners expands EIS offering with acquisition of Newable Ventures
The acquisition will boost Maven’s plans to expand its activities into direct Enterprise Investment Scheme investments.
20.11 / 15:23
VCTs
VCTs/EIS
vct
Defaqto unveils EIS and VCT ratings on back of MICAP deal
John Milliken (pictured) is CEO at Defaqto.
17.11 / 09:54
VCTs/EIS
vct
Octopus Apollo VCT launches £35m fundraise
The portfolio is invested in around 45 smaller business-to-business software companies, which are typically more early stage.
20.10 / 12:59
Venture Capital
UK
HM Treasury
VCTs/EIS
vct
EIS
Treasury confirms extension to VCT and EIS sunset clause
Chancellor of the Exchequer Jeremy Hunt had previously signalled his agreement with the TSC to continue the scheme in previous correspondence, but this is the first time he has committed to an extension.
20.10 / 07:39
fundraise
Investment trusts
Investment Trust
Wealth Club
vct
Octopus Titan VCT embarks on £200m fundraise
Nicholas Hyett, investment manager at Wealth Club, said that the “venture capital giant has been through a tough time recently”.
16.10 / 20:48
Venture Capital
VCTs/EIS
vct
Maven launches up to £40m fundraise across Income and Growth VCT suite
The VCTs are Maven Income and Growth VCT, Maven Income and Growth VCT 3, Maven Income and Growth VCT 4 and Maven Income and Growth VCT
16.10 / 14:59
Wealth Club
VCTs
VCTs/EIS
vct
Foresight
Foresight Enterprise VCT launches £30m fundraise
The trust, which currently has a portfolio of 44 companies, targets established businesses with a low cash burn.
05.10 / 07:35
Technology
VCTs/EIS
VCT fundraise
vct
Molten Ventures VCT launches up to £40m fundraise
The VCT is managed by the same team that oversees Molten Ventures’ own balance sheet investments, and usually invests alongside the vehicle.
28.09 / 11:31
fundraise
VCTs/EIS
VCT fundraise
vct
Calculus launches £10m VCT fundraise
The offer has a minimum investment threshold of £5,000
26.09 / 10:37
fundraise
VCTs/EIS
vct
Guinness Ventures launches £10m VCT fundraise
The first share allotment for the fundraise will be on 31 October 2023, and investors will have until 3pm on 30 October to submit funded applications.
20.09 / 11:01
VCTs
VCTs/EIS
VCT fundraise
vct
Puma VCT 13 launches fundraise for up to £70m
Most recently, the VCT has invested in firms such as digital account provider Pockit and voice isolation specialist IRIS Audio Technologies.
18.09 / 14:47
fundraise
Wealth Club
VCTs/EIS
vct
Northern VCTs trio launch £60m fundraise
Over five years, Northern VCT produced NAV total returns of 26.1%, while Northern 2 and 3 achieved NAV total return of 28.6% and 27.7%, respectively.
11.09 / 08:13
Wealth Club
VCTs/EIS
VCT fundraise
vct
spring
Blackfinch Spring VCT launches £30m subscription offer
Companies in the £25.4m portfolio, which is comprised of 23 private firms, use the internet, mobile devices and social media to offer their customers better products and services.
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