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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 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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