Two more venture capital trusts launch fundraising drive ahead of Budget Investing Two venture capital trusts have launched fundraisers for £75m each as investors rush into the vehicles ahead of a potential hike in capital gains tax at the Budget. While the rate of capital gains tax sits at 20 per cent, rumours have swirled that Chancellor Rachel Reeves could double it at next week’s Budget. However, [...]
UK investors rush to venture capital trusts ahead of Budget Investing Two venture capital trusts (VCTs) have raised £90m in just 45 days as investors rush into the vehicles ahead of a potential hike in capital gains tax at the Budget. Capital gains tax currently sits at 20 per cent but rumours are spreading that the levy could be lifted by Rachel Reeves’s at her first [...]
Venture capital trust season kicks off as Mobeus launches £90m share offer Investing The start of VCT season has arrived with a bang, as Gresham House-run Mobeus has launched £90m in share offers for two of its venture capital trusts. The two VCTs have total net assets of £343m and a combined portfolio of about 50 companies, ranging from early-stage companies with almost no revenue to later-stage, profitable [...]
Molten Ventures: Private equity portfolio slumps five per cent July 29, 2024 Venture capital trust Molten Ventures saw its net asset value plummet by five per cent over the last year, as the company hopes that a resurgence in private equity may be on the horizon.
‘Green shoots all around’ for the UK venture capital scene but challenges remain July 16, 2024 "We are seeing green shoots all around," principal at Atomico, Sarah Guemouri, said. "Despite a slow start to the year, we expect capital invested as a whole to exceed last year’s figures."
AI venture capital trust dishes out more funding May 31, 2024 Superseed Capital, a venture capital fund investing in early stage companies focusing on AI and software as a service, has invested almost half a million pounds over the last three months.
Private equity and venture capital investment into the UK has crashed since 2021 May 8, 2024 Private equity and venture capital investment into UK businesses fell by over 30 per cent to £20.1bn in 2023, according to a report from the industry body.
Molten Ventures: European VC success ‘lagging’ the US April 23, 2024 The chief financial officer of venture capital business Molten Ventures has warned of a "bifurcation" in the success of venture capital between the US and Europe.
Mercia’s venture capital trusts raise £60m as investors bulk up exposure to private businesses March 13, 2024 Mercia Asset Management has raised £60m for three of its venture capital trusts focused on the North of England.
Unicorn’s latest venture capital trust sells out in just seven days as investors are drawn in by tax relief February 24, 2024 Last week, the Unicorn AIM venture capital trust became oversubscribed in just seven days, despite a challenging market for VCTs.