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.