Guinness Venture Capital Trust, the new and first VCT from Guinness Asset Management, has launched a new share offer for £10m, with a £20m over-allotment.
The offer will close at 3pm on 3 April 2023 for this tax year, and 3pm on 31 August 2023 for the next tax year, unless it has been fully subscribed by an earlier date. The new VCT aims to be a generalist fund that provides scale-up capital in a diversified portfolio. The managers said that they will look for businesses with strong management teams, good growth prospects, competitive positions with unique attributes and strong prospects of later being sold or floated. Maven VCTs seek £40m in latest share subscription offer Run by Guinness Ventures, the growth company investment ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
