Maven VCTs seek £40m in latest share subscription offer

£10m fundraise for each VCT

Valeria Martinez
clock • 1 min read

Maven Capital Partners has launched a new offer for subscription for four of its venture capital trusts, seeking to raise a total of £40m.

The firm intends to raise up to £10m for each VCT, including an over-allotment of up to £5m each for Maven VCTs 3 and 4. The four VCTs, launched between 2000 and 2004, each have a portfolio composed of more than 90 UK companies. The trusts aim to deliver an annual tax-free dividend yield of 5% of net asset value, while allowing investors to benefit from up to 30% income tax relief.  Seneca Growth Capital VCT launches new £10m B share offer Ewan MacKinnon, partner at Maven, said: "VCTs are playing an ever-more important role in supporting the growth and success of ambitious young bu...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on VCTs/EIS

Maven Renovar VCT slapped with general meeting requisition in bid to oust board

Maven Renovar VCT slapped with general meeting requisition in bid to oust board

Section 303 notice lodged

Linus Uhlig
clock 30 June 2025 • 3 min read
Oberon reboots AIM VCT to benefit from 'oversold' market

Oberon reboots AIM VCT to benefit from 'oversold' market

Intention to raise £5m

Beth Brearley
clock 22 May 2025 • 1 min read
Puma Investments launch marks comeback for AIM VCT listings

Puma Investments launch marks comeback for AIM VCT listings

Targeting 'compelling returns'

Beth Brearley
clock 15 May 2025 • 2 min read
Trustpilot