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 invest

All 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.

Important Information

The information set out above is included for information purposes only and is not an offer or an invitation to buy or sell or a solicitation of an offer or invitation to buy or sell or enter into any agreement with respect to any security, product, service or investment. Any opinions expressed do not constitute investment advice and independent advice should be sought where appropriate. All information is current as of the date of publication, subject to change without notice, and may become outdated over time.

Links to third party sites or pages are for information purposes only and such sites and pages are not part of this website or the responsibility of EQ Investors Limited and have not have been reviewed or verified by EQ Investors Limited. Following links to or from any other sites or pages shall be at your own risk.

Venture Capital Trusts should be regarded as higher risk investments, suitable only for experienced investors who are able to withstand losses.

EQ Review

Overview

VCT typeEvergreen
Offer typeTop-up
EQ discount2.25%
Closing date30 September 2016
Raised / sought£15.8m / £30.0m
Min. investment£5,000