Puma Alpha VCT Launches £20m Fundraise

The vehicle has around £27m in assets and a portfolio of 13 companies across a broad range of sectors, which are expected to deliver at least £2m in sales before investing.

Puma Alpha VCT was launched in 2019 and, in the three years to September 2023, generated a NAV total return of 18.8%, while targeting a 5p dividend per share.

Autumn Statement 23: VCT and EIS sunset clauses extended by a decade

Nicholas Hyett, investment manager at Wealth Club, said despite the VCT's "relative youth and correspondingly small size", it has been able to show signs of maturing.

"It has already reported its first exit following the sale of Tictrac for 1.9x times cost, which funded the trust's first dividend in 2023," he noted.   

"For investors who already have a portfolio of more established VCTs, Puma Alpha could well be a nice addition."

RECENT NEWS

When The Wave Turns

Why Retirement Investing Is Moving Towards Resilience Jeremy Grantham’s latest market warnings have revived an old tru... Read more

Gyrostat Capital Management: July Retirement Portfolio Resilience Assessment

The Market Is Currently Presenting an Opportunity to Strengthen Retirement Portfolio Resilienc... Read more

The Invisible Risk That Decides Your Retirement

Why how investors behave matters more than what markets do and what disciplined port... Read more

Gyrostat Capital Management: The Missing Allocation In Retirement Portfolio Construction?

For decades, retirement portfolios have largely been constructed using combinations of growth assets a... Read more

When The Gate Comes Down

A Stress Test Rather Than a ScandalApollo Debt Solutions is not a blow-up story. It is something arguably more instructi... Read more

What If The Investment Industry Is Benchmarking The Wrong Things?

  Investment management is built around benchmarking.  Fund managers compare themselves a... Read more