Downing ONE VCT
Downing ONE VCT offers investors access to a mature and diversified portfolio of asset-backed, renewable energy and AIM listed companies.
Downing is seeking to raise £15 million into Downing ONE VCT, with an over-allotment facility of up to a further £15 million. The Downing ONE VCT is classified as a Hybrid VCT, an investment strategy combining investment in high growth Alternative Investment Market (AIM) listed companies with income generating asset-backed opportunities. The latter investments essentially take first charge on assets owned by the investee company, either in the form of bricks and mortar, such as health clubs or pubs, or in the form of a predictable revenue stream.
The advantage of this top-up offer is that investors who participate will gain immediate access to a mature and diverse portfolio of approximately 90 underlying investments accounting for 77.4% of the overall portfolio. In addition, the portfolio currently includes a number of investments that are no longer deemed qualifying to new VCT money, such as renewables, increasing its appeal to new investors.
About the manager
Downing was founded in 1986, and now has over £700 million of assets under management across VCTs, a number of EIS schemes, an estate planning services and investments within renewable energy and the Alternative Investment Market (AIM).
Downing launched its first VCT, Downing Absolute Income VCT 1 in 1997, following the introduction of the scheme in 1995. It has therefore built up an 18 year track record in VCT investing, and now manages approximately £231 million of assets within these structures.
How to investAll application forms should be sent to EQ Investors in order to qualify for the discounts. Please note that information on closing dates is provided by the VCT Managers. In practice offers may be over-subscribed earlier, or may be extended. During the two months prior to the end of the tax year we strongly recommend that applications are submitted to us as soon as possible to avoid disappointment.
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