Risk/Terms and Conditions
This is important information regarding the rest of the Maven website.
Maven Capital Partners UK LLP:
Maven Capital Partners UK LLP is authorised and regulated by the Financial Conduct Authority (FCA), FCA No. 495929, and registered in England and Wales OC339387 at Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF5.
This material is directed only at persons in the UK and is not to be regarded as an offer or invitation to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction other than the UK. Persons resident in territories other than the UK should consult their professional advisers as to whether they require any governmental or other consent or need to observe any formalities to enable them to invest in the products described within this web site.
It is the responsibility of investors to satisfy themselves that any investments made are suitable for them. Maven Capital Partners UK LLP cannot provide any taxation or investment advice.
Applications to invest in any fund or product referred to in this site or otherwise must only be made using the appropriate application forms and on the basis of the offer document relating to the specific investment (and any applicable terms and conditions). Before investing, an investor should read in full any Information Memorandum, Offer Document or Prospectus issued in respect of an investment, including, in particular, the sections headed Important Information and/or Risk Factors.
Maven offers a wide range of investment opportunities, each of which may only be suitable for specific types of investor:
- Investment into the Maven VCTs is available to financial advisers and ordinary retail investors.
- However other Maven investment opportunities are only available to Professional Clients and Eligible Counterparties as defined by FCA Rules. In summary, this means either institutional investors or those individuals with sufficient knowledge, expertise and experience to be able to understand and evaluate the risks involved in making these types of investments and who can bear any potential loss, up to and including the full amount invested. Professional Clients and Eligible Counterparties are not afforded the same protections under FCA Rules as Retail Clients.
If you are in any doubt as to the suitability of an investment for you, you should seek appropriately qualified financial advice.
Maven Capital Partners UK LLP, where acting solely for its Clients and for no-one else, will not be responsible to anyone other than these Clients for providing the protections afforded to customers of Maven.
Investment Risk Factors:
- The value of investments, and the income derived from them, may fall as well as rise and investors may not get back the amount originally invested.
- Tax assumptions are based on Maven’s understanding of the current tax laws and are subject to statutory change. The value of tax reliefs will depend on your individual circumstances.
- Past performance is not a guide to future performance.
In particular the following should be noted in respect of specific investments referred to in this website:
Prospective investors should regard an investment in a VCT, or otherwise directly into an unquoted or private company, as a long term investment which carries a higher risk than many other forms of investment as its shares, though listed, are likely to be difficult to realise. 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. The value of shares in a VCT, and the level of income derived from them, may fall as well as rise and investors may not get back the money originally invested. Existing tax levels and reliefs may change and the value of reliefs depends on personal circumstances. If a VCT loses its HM Revenue & Customs approval, or an investor in a new issue sells their shares within five years, tax reliefs previously obtained may be lost.
As shareholders of any of the Maven VCTs, investors would not be able to make a claim to the Financial Services Compensation Scheme (FSCS). Shareholders do not have the right to complain to the Financial Ombudsman Service (FOS) about the management of the VCT.
Private Equity (co-investment)
An investment directly into an unquoted or private company carries a higher degree of risk than many other forms of investment and may be difficult to realise, as shares in private companies are not publicly traded. The value of shares in a private company, and the level of income derived from them, may fall as well as rise and investors may not get back the money originally invested. It may also be difficult to obtain reliable information about the value of securities or the risks to which the company is exposed. Reliance on this information may expose you to a significant risk of losing any property or assets invested. Co-investment is intended for Professional Clients only.
An investment into commercial property carries a higher degree of risk than many other forms of investment and may be difficult to realise. These investments are intended for Professional Clients only. Such investments are only suitable for investors who are able to evaluate and understand the risks and merits of such investment and have the resources to bear any loss that may result from such investments.
The views expressed on this site should not be construed as advice on how to construct a portfolio or whether to buy, retain or sell a particular investment.
Investors should be aware that the information contained on this site is subject to change. This site, in part, describes some of the procedures and systems of internal management and control of Maven Capital Partners (‘Maven‘) that were in place at the time of writing.
These are constantly under review, and therefore future systems of management and control within Maven may differ from those set out in this document. Consequently, although this document is provided in good faith, it is not intended to create any legal liability on the part of Maven, and does not in any way vary the terms of any relevant investment management agreement. The statements contained in this paragraph do not affect Maven’s obligations to its customers under the rules of the Financial Conduct Authority.
No part of this website may be copied or duplicated in any form or by any means or redistributed without the written consent of Maven. You may view the Site and download any part of it to a personal computer so that you can view it for private purposes. However none of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, or distributed to any other party without our express prior written permission in each case.
Maven trademarks, service marks and logos (the “Trade Marks”) are registered and unregistered Trade Marks. Your visit to the website does not grant you a licence or right to use Maven Trade Marks.
Unsolicited Offers for Shares:
Some shareholders have received unsolicited calls from organisations offering to buy their VCT shares at prices much higher than current market values. Whilst the callers sound credible, shareholders should be aware that their intentions are often fraudulent. If you receive such a call, you should exercise caution and take note of the advice available from the Financial Conduct Authority (FCA) website.
Investment Strategy & the FRC Stewardship Code:
Maven Capital Partners UK LLP (‘Maven’) employs different strategies depending on the type of investment and the type of client for which it is being managed. These strategies are detailed throughout this website and, where relevant, in offer documents and other client publications. Maven is not a signatory to the Financial Reporting Council’s Stewardship Code (‘the Code’). However, it does take the requirements of the Code into consideration when managing investments on behalf of its clients.