This is Foresight's flagship private equity VCT that has transitioned to a Generalist VCT having launched originally in 1998 with a technology focused mandate.
Foresight Group are seeking to raise £20 million into the Foresight VCT Ordinary shares, with an over-allotment facility in place to raise a further £20 million. Foresight VCT is their flagship private equity generalist VCT, and as such is invested across a broad range of sectors, typically in companies which are profitable and experiencing strong growth. However, Foresight VCT was launched as a technology focused VCT, and remains 33% invested in this space.
This fund raise offers investors immediate exposure to a portfolio currently invested in 27 underlying companies, including a number of opportunities within asset classes that are no longer deemed qualifying to new VCT money, which in our opinion increases its appeal.
About the manager
Foresight Group is a specialist private equity and infrastructure investment manager, owned by its 10 partners. It was founded in 1984, by the present Chairman, Bernard Fairman, and fellow partner Peter English. Foresight launched one the first VCTs in the UK in 1997 and since this time have launched or acquired several more VCTs. Given this, it now manages approximately £2.8 billion of assets under management, of which over £250 million is held within VCTs.
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 All information is current as of the date of publication, subject to change without notice, and may become outdated over time.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.
|EQ discount||Existing Investors 3.5% |
New investors 3.0%
|Closing date||5 April 2017 |
31 August 2017
|Raised / sought||£0.0m / £40.0m|