Maven Activates £20m VCT Over-Allotment Facilities
Funding | Jan 29, 2025 | Maven Capital Partners
Maven Capital Partners has announced the activation of £20m venture capital trust (VCT) over-allotment facilities, effectively doubling its initial fundraising target to £40 million. This extension reflects strong investor interest and allows Maven to expand its investment in innovative UK companies. Maven's VCTs offer investors four diversified portfolios with over 120 private and AIM-quoted companies, benefitting from attractive tax reliefs and a targeted annual dividend. Despite the increased capacity, the offer closes in April 2025 unless fully subscribed beforehand. The firm's UK-wide network is pivotal in capturing high-quality opportunities, reinforcing its reputation as one of the leading VCT managers.
Sectors
- Venture Capital
- Financial Services
Geography
- United Kingdom – The focus is on deploying capital into emerging UK companies via Maven's VCTs, indicating regional investment activity.
Industry
- Venture Capital – The article discusses Maven's venture capital trusts and their expansion to support UK emerging companies, indicating a focus on early-stage and growth investments.
- Financial Services – Maven Capital Partners operates within financial services by managing funds and offering tax-efficient investment products like VCTs.
Financials
- £40 million – The total fundraising target for Maven's VCTs after activating the £20m over-allotment facilities.
- 20 million – The initial joint fundraising target for Maven Income and Growth VCTs.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Maven Capital Partners | PE Firm | Company | A UK-based private equity firm managing venture capital trusts focused on investing in emerging UK companies. |