Octopus Titan VCT
A large private equity VCT investing in early stage companies, with a legacy bias to the technology sector.
Octopus Investments has launched a £120 million fund raise into its Titan VCT, with a further £80 million overallotment facility in place which we expect to be utilised. The investment strategy employed by Titan VCT has arguably the biggest focus on the earliest stage of the venture capital market, investing in truly small UK private companies with high growth prospects. An obvious implication of this is that, in our opinion, this places Titan VCT at the riskiest end of the VCT universe. However, we believe the impact of the diversification, with approximately 50 investee companies, following the merger of the five VCTs within the same suite, coupled with the huge experience of the Octopus Ventures team somewhat mitigates the risk of investing in these high growth prospects and makes it an attractive offer for certain investors. In its tenth year of fundraising, Octopus Titan offers investors who participate immediate exposure to a mature portfolio, which includes some well-known companies such as Secret Escapes, Zoopla and Graze, coupled with a diversified portfolio of new high growth prospects.
About the manager
Octopus Investments was established in 2000, and now employs over 450 members of staff, of which over 80 are investment professionals, and over £5 billion of assets under management. Their focus is on smaller companies and their services include fund management and tax efficient investment solutions including Inheritance tax, EIS and 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||New Investor 4.5% (pre-14 Nov) |
Existing Investor 5.5% (pre-14 Nov)
|Closing date||5 April 2016 |
22 August 2017
|Raised / sought||£128.0m / £200.0m|