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.
This follows the £20m fundraise announced back in December, which comprised of a £15m target and an additional £5m overallotment option, mirroring the latest fundraise structure.
Puma Investments said the fundraise would offer investors an «opportunity to gain exposure to a diversified portfolio» of what it described as «scale-up, high potential businesses with the aim of providing attractive but stable returns».
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The VCT launched in 2019 and, according to data from the Association of Investment Companies, its market cap is currently £30m, with a 2.42% discount running.
Over the past three years, it has made a total return of 22.5%, ahead of the IT VCT generalist sector's 12.3% return over the same period.
Puma Alpha VCT launches £20m fundraise
To date, Puma Alpha VCT has invested into 17 UK VCT-qualifying scale-up businesses, including piracy software company MUSO, men's athleisurewear business Ron Dorff and fleet technology specialist CameraMatics.
Last year was a record year for new allocations, with the manager taking on eight new companies in the portfolio, including Pockit, the digital account provider for under-served customers, and travel managed marketplace TravelLocal.
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