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.
Launched in 2017, the VCT offers investors exposure to a diversified portfolio of scale-up, «high potential» businesses that have «proven themselves» in their market, with 19 investee businesses to date, and a current portfolio of 16 companies.
These include piracy software company MUSO, men's athleisurewear business Ron Dorff and tech-focused influencer marketing agency Influencer.
Most recently, the VCT has invested in firms such as digital account provider Pockit and voice isolation specialist IRIS Audio Technologies.
Hargreave Hale AIM VCT launches £20m fundraise
Puma VCT 13 has exited two companies in recent years, including direct cremation provider Pure Cremation in June 2021 and Tictrac, an app-based health and wellness solution for employees and insurance companies, exited in May 2022.
Rupert West, managing director of Puma private equity, the division of Puma Investments responsible for deploying funds raised by Puma VCTs, said: «As we navigate the challenging economic environment, our active approach is resonating with management teams more strongly than ever.
»This strategy has enabled us to support the growth of our existing companies and we have secured a number of new investment opportunities into exciting scale-up businesses at compelling valuations."
Northern VCTs trio launch £60m fundraise
David Kaye, CEO of Puma Investments, added: «VCTs provide a good investment opportunity for investors that want to access private markets with the additional bonus of accessing potential tax reliefs while looking beyond the traditional 60:40 portfolio to diversify their
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