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The four Maven VCT joint offers are closed for subscription as of 26 April 2024.

Maven VCTs 1, 3, 4 and 5 jointly raised approximately £24 million, including £4 million in aggregate over-allotment facilities.

Manager Overview: Maven Capital Partners

  • Manage c.£710m* across the four VCTs and other private equity and property assets
  • One of the most active managers in the VCT industry, with 36 new private company investments completed since January 2020**
  • Four established VCT portfolios of c.60 private companies each, broadly diversified by sector and geography, plus an AIM portfolio of 20 – 40*** companies per VCT
  • History of regular tax-free dividend payments, and a target 5% dividend yield

 

Sources: Maven Capital Partners, *As at 31/05/2023, **As at 30/09/2023, ***As at the most recently published accounts.

Historical data should not be taken as any forecast of likely future realisation activity or investor returns. Not all portfolio exits are profitable, and assets may be sold at a value materially below cost, or at nil.

 

Fund Information

Offer Size£30 million (£7.5m per VCT) including £10m over-allotment
Early investment incentive (Until 31 January 2024)• 1.5% of the Application Amount for Existing Shareholders
• 1.25% of the Application Amount for New Investors
Closing Date 2023/2024 Tax Years9am on 5 April 2024
Closing Date 2024/2025 Tax Years9am on 26 April 2024
Minimum Investment£5,000 (minimum £1,000 per VCT)
Initial Charge2.5% (before early investment discount)

MAVEN VCT 1MAVEN VCT 3MAVEN VCT 4MAVEN VCT 5
Annual Management Charge2.0%2.5%2.5%1.75%
Performance incentive fee10% of the net asset
value total return in
relation to each
financial year.
15% of any increase
in the total return.
20% of any increase
in the total return.
15% on net realisations
from private equity
investments5; and
7.5% of increase in
value of the quoted
portfolio.
Please see the Securities Note, Application Form and Terms & Conditions for full details.

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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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