Puma Investments launches £15m fundraise for 14th VCT

Alpha VCT

Puma Investments has launched a £15m fundraise with a £5m over-allotment for its Alpha VCT, the firm’s 14th venture capital trust.

The VCT, which launched in 2019, has seen a 26% increase in NAV since inception, growing 5.3% between August 2021 and August 2022. It has invested £13.7m in ten UK VCT qualifying businesses since launch, most recently investing £1.2m in online platform Everpress. This year, the trust made its first exit with Tictrac, a health engagement platform, delivering a 1.9 times return on investment and a 38% internal rate of return. The VCT aims to provide investors access to private growth companies with a focus on "more established scale ups" with healthy revenue, proven business models, ...