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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.

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

Online applications can be completed here.

Pembroke VCT

  • +£200m fund with a dynamic and maturing portfolio of 40+ growth-stage companies, many of which have strong exit potential across the following three sectors; consumer, technology and business services.
  • 1 in 4 portfolio companies valued at above £50m (including 5 at above £100m)
  • Annual dividend payments of 7p, 7p and 5p for the last three financial years (2021, 2022 and 2023)
  • Recent exit of ME+EM in July 2022 at 16x multiple

About Pembroke

  • Founded in 2013 by Peter Dubens and Andrew Wolfson, Pembroke focuses on finding ambitious, founder-led companies to grow the businesses of tomorrow.
  • Pembroke remains part of the Oakley Capital group, a leading European mid-market private equity investor, with €9bn assets under management.

All data Pembroke VCT, September 2023 unless otherwise stated.

Fund Information

Size of raise£40 million
Over allotment£20 million
Minimum Investment£5,000
Closing Date 2023/24 Tax Year12 noon on 5 April 2024 for online applications and cleared funds
Closing Date 2024/25 Tax Year3pm on 28 June 2024
Initial Fee3% advised
5% direct
Annual Management Charge 2%
Performance Charge20% of the amount by which cumulative realised investment gains exceed cumulative realised investment losses. For full details, see the prospectus.

Further Information

For further information, please contact us on 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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