Published: Oct 06, 2021
Opportunity to invest in two established VCTs The latest Offers from Maven VCT 3 and Maven VCT 4 have recently opened, looking to initially raise up to £20m in aggregate (up to £10m per VCT) but also with an over-allotment facility of up to £10m per VCT. Investors can subscribe for one or both of the VCTs on the same application form, and for both the 2021/22 and 2022/23 tax years.
An Early Investment Incentive discount is available for valid applications received by 28 January 2022, which increases the number of shares allotted to an investor.
This is an opportunity to invest in two established VCTs, which each feature a highly diversified portfolio of around 60 private companies invested across a wide range of sectors, alongside carefully selected AIM quoted companies. The joint Offers are similar to other recent successful Maven offers, a number of which have closed early due to being oversubscribed, and will support further expansion of the portfolios.
Both VCTs have a long term history of delivering increasing returns and paying dividends, and Maven has a proven record of successful VCT exits, with 15 profitable private company realisations for Maven VCTs since January 2017 generating total return multiples of up to 4.5x. Maven is also one of the VCT industry’s most active managers for new private company investments, and the VCTs benefit from access to a varied flow of investment opportunities generated by Maven’s teams throughout the UK regions.
We are delighted to have opened our latest VCT Offers and anticipate strong investor demand, with recent offers by Maven VCTs since 2017 having raised a total of £135m and closed early due to being fully subscribed. VCTs continue to offer one of the most attractive tax-efficient investment options available, whilst allowing investors access to an alternative asset class with the potential for strong returns. Our experienced investment team has consistently demonstrated its ability to identify entrepreneurial private and AIM quoted companies, and these Offers will allow the VCTs to capitalise on a strong ongoing pipeline of attractive opportunities being sourced by Maven’s regional teams across the UK. Bill Nixon, Managing Partner at Maven
Important information Investors’ attention is drawn to the Risk Factors to be set out in the Prospectus for the Offers. Past performance of the VCTs is not an indication of future performance, and dividends are variable and not guaranteed. Investment in a VCT carries a higher risk than many other forms of investment, as a VCT’s underlying investments will normally be predominantly 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. The Maven VCTs are managed by Maven Capital Partners UK LLP, which is authorised and regulated by the Financial Conduct Authority.