Puma Alpha VCT launches £20m fundraise

Launched in 2019

The Puma Alpha VCT has launched a £20m fundraise, comprising a £15m target and an additional £5m overallotment option.

The vehicle has around £27m in assets and a portfolio of 13 companies across a broad range of sectors, which are expected to deliver at least £2m in sales before investing. Puma Alpha VCT was launched in 2019 and, in the three years to September 2023, generated a NAV total return of 18.8%, while targeting a 5p dividend per share. Autumn Statement 23: VCT and EIS sunset clauses extended by a decade Nicholas Hyett, investment manager at Wealth Club, said despite the VCT's "relative youth and correspondingly small size", it has been able to show signs of maturing. "It has already r...