New media VCT from Edge

The Edge Group will shortly launch a media-focused Venture Capital Trust (VCT) that aims to raise £30 million through an offer promoted by City accountant Smith & Williamson.

The trust’s managers are Gordon Power and David Glick. Power used to work for the private equity department of Guinness Flight and was part of the team that conducted a management buyout to create ProVen, subsequently taken over by US outfit Beringea. At ProVen, Power launched three VCTs, including the Guinness Flight trust and a ProVen Media one.

Edge Performance VCT will back live performances (such as stage shows) and will invest in contracts, which have revenues already guaranteed from performances.

Alan Dobie

Alan Dobie was assistant editor at Vitesse Media Plc before moving on to a content producer role at Reed Business Information. He has over 17 years of experience in the publishing industry and has held... More by Alan Dobie