New £30m joint VCT Offer by Maven VCT 3 and Maven VCT 4
Opportunity to invest in two established generalist VCTs
Two of the Maven Income and Growth VCTs have announced a joint VCT Offer due to open in September 2017 - to raise an aggregate of up to £30 million (with an aggregate over-allotment facility of £10 million). Investors will be able to subscribe for one or both of the VCTs and for both the 2017/18 and 2018/19 tax years. Applications will be accepted on a first-come, first-served basis, and the Offer is intended to be open until April 2018.
Since Maven was formed in 2009 it has managed nine successful VCT fundraisings, with three of the most recent offers having closed early due to being oversubscribed, and these latest Offers will have a very similar structure to other successful Maven joint top-up offers.
Both companies are mature, generalist VCTs, targeting long-term capital appreciation and aiming to generate attractive levels of income for investors. Each has a portfolio of around 40 companies invested across a wide range of sectors, and has delivered increasing shareholder returns under Maven’s management. These new Offers will support further expansion of the portfolios, with the objective of providing investors with long-term capital appreciation and the potential for tax-free dividend income.
Investors will gain access to established portfolios alongside a regular flow of new investments in carefully vetted private companies. Maven Income and Growth VCT 3 and Maven Income and Growth VCT 4 are benefitting from Maven’s strong and varied pipeline of private company investment opportunities, sourced by one of the UK’s most active VCT and private equity houses, with Maven having recently announced the 10th VCT qualifying investment in high-growth SMEs since April 2016 on behalf of its VCT clients.
Bill Nixon, Managing Partner at Maven Capital Partners said: “VCTs continue to offer one of the most compelling tax-efficient investment options, while providing investors with exposure to an alternative asset class that helps UK SMEs drive economic growth. We are delighted to announce Maven’s latest VCT offers, which reflect a healthy pipeline of exciting investment opportunities across the UK and in a range of sectors. Our experienced investment team has been very successful in identifying private companies that have the potential to generate strong capital returns, and delivering profitable exits for VCT shareholders. Accordingly we anticipate strong demand for these latest VCT offers.”
Further details of the Offers will be available in due course, via a detailed Prospectus and an investor guide which should be issued later in 2017. If you would like to register interest in the Offers please contact Maven on 0141 306 7400 or firstname.lastname@example.org.
Investors can also register at www.mavencp.com/enewsletter to receive email updates on the latest Maven news including new investments, portfolio developments and exits, and future VCT fundraising.
This article is an advertisement and is not a prospectus for the purposes of the prospectus rules. It is also a financial promotion issued by Maven Capital Partners UK LLP, which is authorised and regulated by the Financial Conduct Authority. An investment in the Maven VCT Offer should only be made on the basis of information set out in the Prospectus issued at the time of the Offer. Investment in a VCT carries a higher risk than many other forms of investment, and investors’ attention is drawn to the Risk Factors set out in the Prospectus. A VCT’s underlying investments will normally be in unlisted companies whose securities are not publicly traded and are therefore likely to be illiquid, carrying substantially higher risk than investments in larger, listed companies.