New chapter for Maven Renovar VCT (formerly Amati AIM VCT)

Today marks an important new chapter for Maven Renovar VCT plc (formerly known as Amati AIM VCT PLC), as Maven Capital Partners assumes the role of investment manager. Maven’s appointment and the new name, are part of a broader evolution in its investment strategy to improve performance and enhance diversification within the portfolio in view of the ongoing challenges within the AIM market. 

The VCT will adopt a new 'AIM Plus' investment strategy, subject to shareholder approval, which will enable a greater degree of investment in unquoted private companies that offer potential for growth, alongside the potential for continued investment in AIM quoted companies if opportunities arise and AIM market conditions improve. At the same time our experienced listed markets team will continue to manage the existing AIM portfolio for value protection and optimal return.

Maven is pleased to have been entrusted by the Board with the responsibility of expanding the investment focus. With a long VCT heritage and a strong track record of investing in both private and public markets, our team is well placed to deliver value for shareholders. We bring a long standing commitment to responsible investment, deep regional reach across the UK through a nationwide investment network, and expertise in a wide range of sectors such as healthcare, software and technology.

We look forward to working closely with the Board of Maven Renovar VCT to add scale and improve diversification for the VCT, ensuring that the company is well positioned to deliver sustainable growth for shareholders.

“Today marks a significant milestone for shareholders of Maven Renovar VCT (formerly Amati AIM VCT), with the appointment of Maven Capital Partners as Fund Manager. In light of the long standing structural challenges facing the AIM market, Maven has been engaged to revitalise the VCT’s performance through the implementation of an enhanced investment policy.

Subject to shareholder approval, this revised policy will enable the construction of a larger and more diversified hybrid portfolio, comprising both private companies and AIM-listed holdings. The objective is to reposition the VCT for more consistent, long term value creation. To deliver on this strategy, Maven brings a strong regional footprint across the UK and a solid track record of achieving high value exits to a broad spectrum of domestic and international private equity and trade buyers. Our investment and operational teams are excited by this opportunity and confident in our ability to apply a proven approach that has already generated positive outcomes for other Maven managed VCTs.”

Bill Nixon, Managing Partner at Maven