The Maven VCTs have launched an offer for up to £50 million (£30 million + £20 million overallotment).
The VCTs have total net assets of £294 million and a portfolio of over 130 companies.
Maven is more focussed on mitigating risk than most VCT managers, targeting established companies operating in defensive sectors.
Over the five years to June 2025 the VCTs delivered an average NAV total return of 19.0%.
The VCTs target an annual dividend equal to 6% of NAV.
Nicholas Hyett, Investment Manager at Wealth Club said, “Maven is perhaps more focussed on mitigating losses than any other VCT manager. It does that by focussing on more established B2B businesses, ideally with recurring revenues, operating in defensive sectors like cybersecurity and diagnostic services.
The Maven VCTs are also notable for the diversification they offer. Spread an investment across all four Maven VCTs and an investor will be invested in over 130 private and AIM quoted companies. A diverse portfolio helps ensure individual failures, inevitable when investing in small companies, don’t sink the whole VCT.
That conservative approach meant Maven missed out on some of the most spectacular returns in the 2021 boom, but has stood it in better stead more recently as some other VCTs have seen a dramatic reversal in their performance.”
Leave a Comment