Now or never for VCT investors as fundraising spree continues
Mobeus Income & Growth is the latest venture capital trust (VCT) to launch a fundraising this week but keen investors should dive in before the well dries up.
Mobeus Income & Growth is the latest venture capital trust (VCT) to launch a fundraising this week but keen investors should dive in before the well dries up.
Albion Capital has announced it is seeking to raise up to £38m for its suite of venture capital trusts (VCTs).
Octopus Investments is planning the largest venture capital trust fundraise in history later this summer when it will seek to raise £200m into its Titan VCT.
Octopus Investments has announced it is raising £30m for two new AIM VCTs in reaction to “exceptional demand” for the vehicles.
Investors should act sooner rather than later to secure venture capital trust investments after a swathe of new issues were quickly snapped up and several schemes closed fundraising offers early, according to Tilney’s Jason Hollands.
Demand for VCTs boomed in 2016 with fundraising up significantly on the total for 2015, according to the latest numbers release by the Association of Investment Companies (AIC).
Although nearly half of the venture capital trust (VCT) management companies surveyed by Tilney Bestinvest saw little to no impact on demand for financing as a result of the Brexit vote, over two thirds said total fund raising levels would be lower this year.
Firms offering venture capital trusts and enterprise investment schemes could be among the main beneficiaries of George Osborne’s expected pension tax changes, according to two surveys.
Former Hargeaves Lansdown executives, Alex Davies, Ben Yearsley and Marta Caricato have announced the launch of a new investment service for high-net-worth investors.
Venture capital trust specialist Mobeus Equity Partners has hired Beringea chief investment officer Trevor Hope.
Octopus Investments has joined forces with Transact to make shares in its venture capital trust range available through an adviser platform.
The Government has amended the Finance Bill legislation to remove the uncertainty which had caused some venture capital trusts to delay allotting shares in the 2014-15 tax year.