Tag

VCT

Articles and analysis on Venture Capital Trusts (VCTs), the investment vehicles designed to provide individual investors with access to venture capital investments while offering tax incentives.

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EPIC VCT makes its first investment

The first VCT ever launched by EPIC Private Equity has made its maiden investment, in salad bar chain Chop’d.

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VCTs launched to profit from credit crunch

Investment banking group Shore Capital is launching two ‘credit crunch VCTs’ which will target investment opportunities thrown up by tighter borrowing conditions. Two new Puma VCTs, which aim to raise £40 million between them, will provide secured loans to companies finding it difficult to raise finance from banks.

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YFM and Noble VCTs seek new funds

The latest VCT managers to launch new share offers, YFM and Noble, are seeking almost £20 million for their existing VCTs.

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Cozart exit boosts YFM-managed VCTs

YFM Private Equity says that the sale of its stake in medical diagnostics company Cozart returned four times its investment for two of its VCTs.

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EPIC Private Equity launches VCT

Institutional private equity house EPIC has launched its first venture capital trust (VCT). With a fundraising target of £15 million, EPIC VCT will back buy-outs, provide development capital to established companies and fund turnarounds.

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‘Business as usual’ for Close VCTs

VCT manager Close Ventures says that 85 per cent of its investments since 2005 would have qualified as VCT investments under new rules announced in the last Budget.

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Octopus claims VCT of the Year award

Octopus Private Equity has won the Investor AllStars VCT of the Year award for its Phoenix and Eclipse VCTs.

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Matrix VCT weathers stock market storm

The half-yearly report of Matrix Income & Growth 4 VCT shows a modest increase of 3.3 per cent in total returns over the six months to 31 July. This is the company’s first report since it changed its name from TriVen VCT and ceased to be a multi-manager trust last year.

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Change of tack for Invesco Perpetual AIM VCT

Invesco Perpetual AIM VCT, which focuses on investments in the junior market, may change its rules to allow it to invest up to 20 per cent of its portfolio outside VCT-qualifying investments.

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VCT managers see dip in quality of opportunities

There are as many investment opportunities for VCTs as ever, but the overall quality of those opportunities is declining.

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Quester VCTs acquired by NewMedia SPARK

Private equity firm NewMedia SPARK is to purchase Querist, which manages venture capital funds for early-stage technology and life sciences.

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Investors losing interest in VCTs

Venture Capital Trusts (VCTs) are proving markedly less popular this tax year, says John Davey, VCT analyst at Bestinvest.