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Product Overview

  • Established VCT portfolios, managed by one of the most active and best resourced VCT investment managers, including circa 50 private companies diversified geographically and by sector.

Offer Details

  • Two mature VCTs, with highly diversified portfolios and a proven investment approach
  • £15m Joint Offer – each VCT to raise £7.5m
  • Access to one of the sector’s most active investment teams, with a nationwide office network providing full coverage of the UK SME market for sourcing private equity deal flow
  • A manager with a track record of achieving profitable private company exits and increasing shareholder returns
  • Ability to invest in both VCTs, and both 2019/20 tax year & 2020/21 tax years, through a single application
  • Online application available (including debit card payment for applications up to £99,500)

Online Applications

Maven also provides a secure and time-saving new online broker application process, allowing your clients to apply via you as their adviser, but without the need to post anything (provided payment isn’t by cheque). They can also pay securely online, using a UK debit card, for online applications up to £99,5000. The application is validated as it’s submitted, and then you as the adviser receive secure access information by email, allowing you to quickly access the application online and provide any relevant contact and initial commission/fee details, before submitting it online. For online applications please click here.

Manager Overview: Maven Capital Partners

  • Formed in 2009 as an independent business, after a buyout by the senior team of the private equity and VCT team at Aberdeen Asset Management
  • Maven has assets under management (and available to invest) of £630m, including c.£210m across four VCTs (at 30 September 2019)
  • Entrusted with + £220m of regional equity and debt fund mandates for SME growth, including funds set up by the British Business Bank
  • Strong regional presence with 12 offices, and over 35 investment and portfolio executives sourcing private company transactions across the UK
  • One of the largest, most active teams in the VCT sector – 34 new VCT qualifying private company transactions under revised VCT rules since April 2016.
  • A Manager with a strong history of achieving profitable private company exits, including 14 realisations since January 2015 which have generated sale multiples of up to 7.1x cost

All data Maven Capital Partners, January 2020

Fund Information

Offer Size£15 Million Joint Offer, raising £7.5 million in each VCT
Initial Charge2.5%
AMCFor both 3 & 4 - 2.5% per annum of the Net Asset Value of the Company
Early Bird Discount1.25% new shareholders
1.5% for existing shareholders
Closing Date 2019/2020 & 2020/2021 Tax Years1 April 2020 for 2019/20 and 30 April 2020 for 2020/21 tax year
Please see the Brochure, Application Form and Terms & Conditions for full details.

Product Literature

Please contact us for any further information.

Further Information

For further information, please contact us on info@lighttowerpartners.co.uk or call 020 7071 3920.

Get in Touch

Please do not hesitate to get in touch for further information on LightTower Partners or on the investment products we distribute.

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In order to view the information on the LightTower Partners website (lighttowerpartners.co.uk) (the “Website”), you must accept the terms and conditions set out below (these “Terms”) and our separate Terms of Use. These Terms create a binding legal agreement between us. For your own protection and benefit, please read these Terms carefully before starting to use this section of the Website. During each visit to this section of the Website, you are responsible for being familiar with, and are bound by, the then current version of these Terms. If you do not agree to these Terms, please refrain from using the Website. By clicking “Accept” below and accessing the information and material available on the Website, you accept these Terms.

IMPORTANT NOTICE: For legal reasons the contents of the Website cannot be made available to US residents. These materials and any products described herein are not being offered or targeted to US persons or to US residents and access by them is prohibited.

This section is only for UK regulated financial advisers, wealth managers and others regulated by the Financial Conduct Authority.
This section is not intended for, and must not be accessed by, investors who would be classified as retail clients under MiFID. If you are in any doubt as to whether you would be deemed to be a ‘professional client’ or ‘eligible counterparty’, please seek professional advice and refrain from accessing this section until such advice has been obtained.

By clicking ‘I accept’ you confirm that you are an FCA authorised financial intermediary, you also confirm that:
(i) you are eligible to access this section of the website and that you are acting on the behalf of your client as their authorised adviser or are seeking information as a representative of an institution;
(ii) you understand that the information contained in this section of the website is provided solely for the use by the advisers of organisations or representatives of such organisations, and not for members of the general public;

I confirm that:

  • I have read and accept the Terms and Conditions of using this Website, detailed above;
  • I am a professional client or eligible counterparty for the purposes of the Conduct of Business Sourcebook of the FCA;
  • I will not make an investment in an Investment Product, or advise another to do so, if the promotion of the Investment Product to the type of investor I represent is prohibited;
  • I recognise that the information provided on this Website is for information purposes only and is not a solicitation of an investment;
  • I will study the Prospectus, KIID or Offering Memorandum of an Investment Product, including the risk factors before making an investment

Disclaimer

In order to view the information on the LightTower Partners website (lighttowerpartners.co.uk) (the “Website”), you must accept the terms and conditions set out below (these “Terms”) and our separate Terms of Use. These Terms create a binding legal agreement between us. For your own protection and benefit, please read these Terms carefully before starting to use this section of the Website. During each visit to this section of the Website, you are responsible for being familiar with, and are bound by, the then current version of these Terms. If you do not agree to these Terms, please refrain from using the Website. By clicking “Accept” below and accessing the information and material available on the Website, you accept these Terms.

IMPORTANT NOTICE: For legal reasons the contents of the Website cannot be made available to US residents. These materials and any products described herein are not being offered or targeted to US persons or to US residents and access by them is prohibited.

This section is only for UK regulated financial advisers, wealth managers and others regulated by the Financial Conduct Authority.
This section is not intended for, and must not be accessed by, investors who would be classified as retail clients under MiFID. If you are in any doubt as to whether you would be deemed to be a ‘professional client’ or ‘eligible counterparty’, please seek professional advice and refrain from accessing this section until such advice has been obtained.

By clicking ‘I accept’ you confirm that you are an FCA authorised financial intermediary, you also confirm that:
(i) you are eligible to access this section of the website and that you are acting on the behalf of your client as their authorised adviser or are seeking information as a representative of an institution;
(ii) you understand that the information contained in this section of the website is provided solely for the use by the advisers of organisations or representatives of such organisations, and not for members of the general public;

I confirm that:

  • I have read and accept the Terms and Conditions of using this Website, detailed above;
  • I am a professional client or eligible counterparty for the purposes of the Conduct of Business Sourcebook of the FCA;
  • I will not make an investment in an Investment Product, or advise another to do so, if the promotion of the Investment Product to the type of investor I represent is prohibited;
  • I recognise that the information provided on this Website is for information purposes only and is not a solicitation of an investment;
  • I will study the Prospectus, KIID or Offering Memorandum of an Investment Product, including the risk factors before making an investment