Maven Capital Partners launches new £40m joint share offers
Maven Capital Partners has launched new £40 million joint share offers across its four well-established Venture Capital Trusts (VCTs).
Investors have the opportunity to benefit from up to 30% initial tax relief, tax-free dividends, and exemption from capital gains tax, while participating in the investment returns of large, highly diversified VCT portfolios of ambitious, high growth businesses operating across some of the UK’s most vibrant sectors and throughout the UK regions.
With combined assets of £282m, Maven’s four VCTs, provide access to over 120 private and AIM-quoted companies, offering high diversification and low asset concentration, with the ten largest investments accounting for just 25% of total assets, underscoring Maven’s balanced approach to risk in the VCT market.
The Maven VCTs boast a strong track record of positive shareholder returns, with three of the VCTs reporting further net asset value (NAV) increases on 31 August, representing rises of between 3.05% and 5.55% since their previously announced results, driven by a strong period of exit activity. Each VCT typically pays two tax-free dividends each year and has recently enhanced its dividend policy to target an annual dividend of 6% of NAV per share, reflecting Maven’s successful track record of profitable realisations in support of shareholder dividends.
Since May 2024, Maven’s VCTs have completed a number of high-value private company exits, including return multiples of 8.2x, 4.7x, 4x, and 2.85x achieved from companies operating in the cybersecurity, digital archiving, regulatory technology (RegTech) and specialist engineering sectors. This strong exit activity underlines Maven’s expertise in a diverse range of industries and its position as a leader in the VCT sector.
Maven’s extensive regional office network is one of the largest in the sector, providing nationwide coverage and deep local knowledge across key UK corporate finance regions and generating high quality VCT investment deal flow. This strong regional presence enables Maven to source a wide range of investment opportunities for each of its VCTs.
Ewan MacKinnon, investment partner at Maven, said: “Our VCTs have consistently delivered attractive returns for shareholders, underscored by our recent high value exits with return multiples of up to 8.2x.
“This success reflects our ability to identify dynamic, high-potential companies and collaborate closely with management to drive growth and create investor value.
“With improving market conditions and our investment team continuing to see a strong pipeline of opportunities across the UK, Maven’s VCTs are well positioned to capitalise on new investments and continue their portfolio expansion. These new offers will allow investors to participate in the growth of some of the most innovative and high-potential businesses across the UK, while taking advantage of the attractive tax incentives available through VCTs.”