Downing TWO VCT (K Share)
This is a new limited life share class within Downing TWO VCT, following a relatively lower risk strategy of investing in asset-backed investment opportunities.
Downing is seeking to raise £15 million into a newly launched “K-share” class within the existing Downing TWO VCT. The capital raised within this offer will remain a separate pool of capital within Downing TWO VCT, albeit it will follow a comparable investment strategy. Downing have regularly issued limited life VCTs, raising varying amounts of capital. The most successful fund raise within Downing TWO was G Share class, launched in January 2012 after raising £22.6 million.
The K-share class is targeting a return of £1.10 over its limited life, by investing predominantly in asset backed companies trading from freehold premises, or those offering predictable revenue streams.
About the manager
Downing was founded in 1986, and now has over £1bn 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 over a 20 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.
Important InformationThe 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 All information is current as of the date of publication, subject to change without notice, and may become outdated over time.
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Venture Capital Trusts should be regarded as higher risk investments, suitable only for experienced investors who are able to withstand losses.
|VCT type||Limited Life|
|Offer type||New share class|
|Closing date||30 September 2016|
|Raised / sought||£12.2m / £15.0m|