Maven Capital Partners, the Glasgow-based private equity firm, is announced that its four Income and Growth venture capital trusts are raising £50 million in share offers.
There is expected to be strong investor demand, with last year’s offers having closed early fully subscribed.
The offers provide access to more than 90 portfolio companies across each VCT spanning high growth sectors such as technology, cyber security, data analytics and financial services.
Since January 2022, the VCTs have completed 12 profitable exits with returns of up to 8.2x cost, underlining the strength of the investment and realisation strategy. Each VCT targets an annual tax free dividend of 6% and has delivered consistent returns, with over £43 million in dividend payments across the past two years.
The offers will support the VCTs’ strategy of backing ambitious, growth-focused businesses across the UK, with 27 new investments made since 2022 and a strong pipeline of opportunities sourced through Maven’s nationwide office network.
Investors benefit from the full range of VCT tax reliefs, including 30% initial income tax relief, tax free dividends and capital gains exemption.
An early investment incentive is also available until 6 February 2025, offering a discount in the initial fee of 1.5% for existing Maven VCT shareholders (including Renovar) and 1.25% for new investors.
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