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The views and opinions expressed herein are those of the authors and do not necessarily reflect the views of LightTower Partners and its affiliates or employees. The information set forth herein has been obtained or derived from sources believed by the authors to be reliable. LightTower Partners does not make any representation or warranty, express or implied, as to the information's accuracy or completeness, nor does the author recommend that the attached information serve as the basis of any investment decision and it has been provided to you solely for informational purposes only and does not constitute an offer or solicitation of an offer, or any advice or recommendation, to purchase any securities or other financial instruments, and may not be construed as such.

28 Mar 2024

Pembroke VCT declares dividends

Pembroke VCT has announced an interim dividend of 2p per share to be paid on 23 April 2024.   All new applications for the current offer received by 18 March 2024 will qualify for the dividend. Read the full RNS announcement here. As well as the announced 2p dividend for the 2025 financial year, Pembroke VCT has also paid 27p per share […]

Pembroke VCT has announced an interim dividend of 2p per share to be paid on 23 April 2024.  

All new applications for the current offer received by 18 March 2024 will qualify for the dividend. Read the full RNS announcement here.

As well as the announced 2p dividend for the 2025 financial year, Pembroke VCT has also paid 27p per share over the previous 5 financial years.
Pembroke VCT pays tax free dividends, having paid out at least 5p per year in each of the last 4 years. One in four of its portfolio companies are individually valued at £50 million or more.

Pembroke Offer now half full

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28 Mar 2024

Maven VCT’s trigger over-allotment facilities

There is limited time remaining for your clients to invest in Maven VCTs’ joint Offers. With only 1 week to go until tax year end, the deadline for receipt of applications and cleared funds for allotment in the 2023/24 tax year is 9am on Friday 5 April 2024. Due to ongoing investor demand, after surpassing the initial £20m target, the […]

There is limited time remaining for your clients to invest in Maven VCTs’ joint Offers. With only 1 week to go until tax year end, the deadline for receipt of applications and cleared funds for allotment in the 2023/24 tax year is 9am on Friday 5 April 2024.

Due to ongoing investor demand, after surpassing the initial £20m target, the Maven VCTs have announced the use of their over-allotment facilities. There is now remaining capacity in all VCTs, as the Maven VCTs can accept further applications up to an increased £30m capacity.

  • Applicants or their advisers are able to use a single application to invest in any or all of the VCTs for both the 2023/24 and 2024/25 tax years, and can also apply quickly and conveniently online.

The terms and conditions of the offer are set out in the Securities Note.

About Maven Capital Partners

  • Manage c.£691 million* in aggregate, including funds, on behalf of the four VCTs and other private equity and property assets
  • One of the most active managers in the VCT industry, with 41 new private company investments completed since January 2020¹
  • Four established VCT portfolios of c.60 private companies each, broadly diversified by sector and geography, plus an AIM portfolio of 20 – 40² companies per VCT
  • History of regular tax-free dividend payments, and a target 5% dividend yield

 

 

 

 

Maven VCTs are intended for UK taxpayers aged 18 or over with an investment horizon of five or more years and who are able to bear up to 100% capital loss and with a medium to high risk tolerance. Investors in Maven VCT will generally be informed investors with either experience in investing in VCTs or with a knowledge and understanding of the risks involved.

Sources: Maven Capital Partners. *As at 31/12/2023 (Value of assets managed by Maven Capital Partners and Maven Property Investment Limited). ¹As at 01/01/2024. ²As at the most recently published accounts. ³Average dividend payments over past five full financial years as at 01/01/2024. 4Based on dividends paid or declared for most recent financial year, and previous year-end NAV per share. The payment of dividends is not guaranteed, and historical levels are no indication or forecast of likely future dividend levels. The quantum and timing of dividends are likely to be closely linked to portfolio realisations.

Past performance is not a guide to future performance; the value of an investment and income from it can go down as well as up. Your capital is at risk. 

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19 Mar 2024

Maven Capital Partners’ Ewan MacKinnon reveals growth opportunities in vibrant UK sectors

The interview explores Maven Capital Partners’ Ewan MacKinnon’s insights on investment opportunities and risks across different sectors for investors.

The interview explores Maven Capital Partners’ Ewan MacKinnon’s insights on investment opportunities and risks across different sectors for investors.

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23 Jan 2024

Multi-Manager tax event recording: Pembroke VCT – January 2024

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide […]

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide to future performance.

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22 Jan 2024

Multi-Manager tax event recording: Edition EIS Scale Up Tranche – January 2024

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide […]

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide to future performance.

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22 Jan 2024

Multi-Manager tax event recording: Maven VCT – January 2024

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide […]

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide to future performance.

Maven VCTs are intended for UK taxpayers aged 18 or over with an investment horizon of five or more years and who are able to bear up to 100% capital loss and with a medium to high risk tolerance. Investors in the VCT will generally be informed investors with either experience in investing in VCTs or with a knowledge and understanding of the risks involved.

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22 Jan 2024

Multi-Manager tax event recording: Unicorn VCT – January 2024

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide […]

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide to future performance.

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1 Nov 2023

Multi-Manager tax event recording: Pembroke VCT

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide […]

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide to future performance.

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30 Oct 2023

Multi-Manager tax event recording: Edition EIS Scale Up Tranche

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide […]

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide to future performance.

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25 Oct 2023

Multi-Manager tax event recording: Maven VCTs

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide […]

This video is for Professional Investors and Eligible Counterparties only and it should not be relied upon by any other person. Any views expressed in this video are those of the speaker, are subject to change without notice, and do not constitute investment advice. Your capital is at risk. Past performance is not a guide to future performance.

Maven VCTs are intended for UK taxpayers aged 18 or over with an investment horizon of five or more years and who are able to bear up to 100% capital loss and with a medium to high risk tolerance. Investors in the VCT will generally be informed investors with either experience in investing in VCTs or with a knowledge and understanding of the risks involved.

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16 Oct 2023

Maven VCTs – NOW OPEN: £30m Offer for subscription

We are delighted to announce that the four Maven VCT joint offers are now open. Maven VCTs 1, 3, 4 and 5 are looking to jointly raise up to £30 million (including aggregate over-allotment facilities of up to £10 million). Click here for full details of the offer.

We are delighted to announce that the four Maven VCT joint offers are now open.

Maven VCTs 1, 3, 4 and 5 are looking to jointly raise up to £30 million (including aggregate over-allotment facilities of up to £10 million).

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5 Sep 2023

Pembroke VCT – NOW OPEN: £40m Offer for subscription

Pembroke VCT’s £40m Offer of B Ordinary Shares for subscription in the 2023/24 and 2024/25 tax years is now open, with a £20 million over-allotment facility available. Click here for full details of the offer.

Pembroke VCT’s £40m Offer of B Ordinary Shares for subscription in the 2023/24 and 2024/25 tax years is now open, with a £20 million over-allotment facility available.

Click here for full details of the offer.

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22 Aug 2023

Investment Week reveals finalists for 25th Investment Company of the Year Awards

The finalists for Investment Week’s 25th Investment Company of the Year Awards have now been published. We are delighted to announce that the Pembroke VCT and the Unicorn AIM VCT have been nominated in the VCT Generalist & VCT Specialist categories respectively. Read the full article and scoring methodology here.

The finalists for Investment Week’s 25th Investment Company of the Year Awards have now been published.

We are delighted to announce that the Pembroke VCT and the Unicorn AIM VCT have been nominated in the VCT Generalist & VCT Specialist categories respectively.

Read the full article and scoring methodology here.

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29 Jun 2023

Register now – LightTower Partners’ Multi-Manager Tax event

We invite you to join us at the LightTower Multi-Manager Tax event, where we will delve into the captivating world of investment-led tax-efficient managers, each bringing their unique approach. This engaging session will feature a live Q&A, allowing active audience participation.   Join us at the event, where we will be honoured to host the […]

We invite you to join us at the LightTower Multi-Manager Tax event, where we will delve into the captivating world of investment-led tax-efficient managers, each bringing their unique approach. This engaging session will feature a live Q&A, allowing active audience participation.

 

Join us at the event, where we will be honoured to host the following Managers: 

  1. Ewan MacKinnon from the Maven VCTs
  2. Alex Game from Unicorn AIM IHT & ISA Portfolio Service
  3. Andrew Wolfson from Pembroke VCT
  4. Harry Heartfield from Edition Capital
  5. Chris Hutchinson from Unicorn AIM VCT

 

Date: Thursday 12th Oct 2023

Time: 12:00pm – 4:30pm

Venue: One Moorgate Place – Chartered Accountants Hall, 1 Moorgate Pl, London EC2R 6EA

Agenda:

12:00 – 1:00pm: Registration & Lunch

1:00 – 1:10pm: Welcome speech

1:10 – 1:35 pm: Ewan MacKinnon (Maven VCTs)

1:45 – 2:10 pm: Alex Game (Unicorn AIM IHT & ISA Portfolio Service)

2:20 – 2:45pm: Andrew Wolfson & Fred Ursell (Pembroke VCT)

2:55 – 3:15pm: Refreshments & Networking

3:15 – 3:40pm: Paul Bedford & Harry Heartfield (Edition Capital)

3:50 – 4:15pm: Chris Hutchinson (Unicorn AIM VCT)

Please register here  

 

 

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20 Jun 2023

Read – Pembroke’s Investment Director in ‘A venture capitalist’s guide to raising VC’

Investment Director, Fred Ursell, shares the team’s tips for founders and management teams to maximise their chances of a successful fundraise, breaking the process down into three phases: the preparation, the approach and the process.   Read here to learn more

Investment Director, Fred Ursell, shares the team’s tips for founders and management teams to maximise their chances of a successful fundraise, breaking the process down into three phases: the preparation, the approach and the process.

 

Read here to learn more

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20 Jun 2023

Read – Maven VCTs complete a £1.1m investment in iAM Compliant

Maven has led the investment in Chester-based iAM Compliant Limited, which specialises in offering eLearning courses to enterprise customers as well as a cloud-based estates and compliance platform tailored for the education market. To find out more, click here.        

Maven has led the investment in Chester-based iAM Compliant Limited, which specialises in offering eLearning courses to enterprise customers as well as a cloud-based estates and compliance platform tailored for the education market.

To find out more, click here.

 

 

 

 

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18 May 2023

Read – Maven VCTs complete £1.25m follow-on investment in Liftango

Maven has completed a follow-on investment, as part of a multi-million-pound funding round, in global carpool and on-demand transport technology provider Liftango. To find out more, click here.      

Maven has completed a follow-on investment, as part of a multi-million-pound funding round, in global carpool and on-demand transport technology provider Liftango.

To find out more, click here.

 

 

 

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13 Jan 2023

Video Q&A – Unicorn AIM IHT & VCT, Q&A with Chris Hutchinson and Alex Game

If you have any questions about the Unicorn AIM VCT or the AIM IHT & ISA Portfolio Service, please email investor-relations@lighttowerpartners.co.uk or call 020 7071 3940.  

If you have any questions about the Unicorn AIM VCT or the AIM IHT & ISA Portfolio Service, please email investor-relations@lighttowerpartners.co.uk or call 020 7071 3940.

 

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2 Aug 2022

Webinar Recording: Maven VCTs Portfolio Update – July 2022

Catch up with the recent video with Ewan MacKinnon to hear more about the Maven VCTs portfolio. Webinar Highlights 2022 so far (8:49) An overview of the Maven VCTs and performance (16:43) Recent realisations (27:05) New joint offers by the Maven VCTs (29:50) Q&A (31:34)

Catch up with the recent video with Ewan MacKinnon to hear more about the Maven VCTs portfolio.

Webinar Highlights

  • 2022 so far (8:49)
  • An overview of the Maven VCTs and performance (16:43)
  • Recent realisations (27:05)
  • New joint offers by the Maven VCTs (29:50)
  • Q&A (31:34)
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27 Jan 2022

Unicorn AIM VCT Scores 89/100 – Tax Efficient Review’s highest ever rating for an AIM VCT

We are delighted to announce that the Unicorn AIM VCT Scores 89 / 100 by Tax Efficient Review. Click here to for a copy of the review. The Unicorn AIM VCT has recently launched an Offer to raise up to £25 million through the subscription of  ordinary shares. Full details of the Offer are contained in […]

We are delighted to announce that the Unicorn AIM VCT Scores 89 / 100 by Tax Efficient Review.

Click here to for a copy of the review.

The Unicorn AIM VCT has recently launched an Offer to raise up to £25 million through the subscription of  ordinary shares. Full details of the Offer are contained in the Prospectus.

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27 Jan 2022

Unique Manager Showcase: Unicorn AIM VCT Webinar Recording

Catch up with Chris Hutchinson, Director & Senior Fund Manager at Unicorn Asset Management discussing the Unicorn AIM VCT and the new £25m Offer for Subscription.

Catch up with Chris Hutchinson, Director & Senior Fund Manager at Unicorn Asset Management discussing the Unicorn AIM VCT and the new £25m Offer for Subscription.

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27 Jan 2022

Unique Manager Showcase: Unicorn AIM IHT & ISA Portfolio Webinar Recording

Catch up with Alex Game, Fund Manager & ESG Officer at Unicorn Asset Management who discusses the Unicorn AIM IHT & ISA Portfolio Service at the ‘Q1 2022: VCT & IHT Planning Webinar‘.

Catch up with Alex Game, Fund Manager & ESG Officer at Unicorn Asset Management who discusses the Unicorn AIM IHT & ISA Portfolio Service at the ‘Q1 2022: VCT & IHT Planning Webinar‘.

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10 Jan 2022

Maven VCTs achieve 6.5x exit from Quorum Cyber

We are delighted to report the Maven VCTs have exited their investment in award-winning cyber security business, Quorum Cyber, realising an overall money multiple return of 6.5x for VCT shareholders*. Quorum has been acquired by UK private equity firm Livingbridge. This realisation represents the 16th profitable private company exit for the Maven VCTs since January 2017. This exit further demonstrates […]

We are delighted to report the Maven VCTs have exited their investment in award-winning cyber security business, Quorum Cyber, realising an overall money multiple return of 6.5x for VCT shareholders*.

Quorum has been acquired by UK private equity firm Livingbridge. This realisation represents the 16th profitable private company exit for the Maven VCTs since January 2017.

This exit further demonstrates the strong growth potential offered by Maven’s focus on dynamic growth companies in some of the UK’s most exciting sectors.

 

 

* The exit multiple is inclusive of a retained minority holding in the business.

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20 Dec 2021

Just Launched – CPD Qualifying Adviser Training Portal

We are delighted to announce our recently launched CPD Qualifying Adviser Training Portal. With tax season in full swing, the learning portal is an opportunity to brush up on your IHT and VCT knowledge to help your clients and gain up to 2 hours worth of CPD structured credits from CISI. Sign up here and get […]

We are delighted to announce our recently launched CPD Qualifying Adviser Training Portal.

With tax season in full swing, the learning portal is an opportunity to brush up on your IHT and VCT knowledge to help your clients and gain up to 2 hours worth of CPD structured credits from CISI.

Sign up here and get started now! Don’t forget to check your junk inbox for email confirmation. If you are experiencing any problems with the portal, please email us or call 020 7071 3920.

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27 Oct 2021

Webinar Recording: Unicorn AIM IHT & ISA Responsible Portfolios Introduction Webinar

  If you have any questions about the Unicorn AIM IHT & ISA Responsible Portfolio Service, please email investor-relations@lighttowerpartners.co.uk or call 020 7071 3940.

 

If you have any questions about the Unicorn AIM IHT & ISA Responsible Portfolio Service, please email investor-relations@lighttowerpartners.co.uk or call 020 7071 3940.

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13 Aug 2021

Webinar recording: The Inside Track on AIM – 10 August 2021

If you have any questions about the Unicorn AIM IHT & ISA Portfolio Service, please email investor-relations@lighttowerpartners.co.uk or call 020 7071 3940.

If you have any questions about the Unicorn AIM IHT & ISA Portfolio Service, please email investor-relations@lighttowerpartners.co.uk or call 020 7071 3940.

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29 Jun 2021

Webinar Recording: The Inside track on AIM – Fund manager insight & financial planning ideas June 2021

By watching the full recording, you qualify for 1hr Structured CPD Credits. Please email investor-relations@lighttowerpartners.co.uk or call 020 7071 3940 to claim your certificate. If you have any further questions please get in touch with the email or phone number provided above.

If you have any further questions please get in touch with the email or phone number provided above.

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