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INVESTMENT STRATEGY
FUND MANAGER
Conservative investment strategy - achieved by investing in a combination of more stable asset
backed investments and higher-growth businesses
Albion
Ventures LLP
The Amati VCTs have a broad mandate to make qualifying investments in companies quoted on AIM, and
companies which are expected to float on AIM. The strategy is to focus on AIM companies which the manager
believes can appeal to mainstream institutional investors on the basis of their profits and dividends within a two
year time frame. This requires the companies to be well financed and scalable, to exhibit strong growth, and to
have high barriers to entry with strong corporate governance. Both VCTs have a policy of paying dividends every
year totalling 5-6% of year end NAV
Amati Global
Investors Ltd
Amati VCT 2 has the same investment strategy as Amati VCT. Non-qualifying investments are made by both VCTs
through the TB Amati UK Smaller Companies Fund, which is an award winning open-ended investment company
investing in small and mid-sized companies listed in London. They may also invest directly in a small number of
small and medium sized full list companies which can diversify risk and add to income generation
Amati Global
Investors Ltd
Providing Growth capital to dynamic UK businesses that we believe offer real potential for rapid expansion
has always been at the heart of the ProVen VCT’s investment strategy. This approach is also totally consistent
with the central objective of the new VCT regulations introduced at the behest of the European Commission,
which is that all VCT investments made under the new rules should be for the “Growth and Development” of the
company receiving the investment
Beringea LLP
Providing Growth capital to dynamic UK businesses that we believe offer real potential for rapid expansion
has always been at the heart of the ProVen VCT’s investment strategy. This approach is also totally consistent
with the central objective of the new VCT regulations introduced at the behest of the European Commission,
which is that all VCT investments made under the new rules should be for the “Growth and Development” of the
company receiving the investment
Beringea LLP
Sector Agnostic with specific focus on AIM (the funds do invest in some private companies)
Hargreave Hale -
Giles Hargreave &
Oliver Bedford and
rest of HH Fund
Management team
To fund investments in established and developing portfolio companies, as well as exciting new investments.
Octopus Titan VCT features around 50 smaller companies with the potential to grow rapidly, operating in many
different sectors. New investors will benefit from immediate exposure to existing portfolio companies. Octopus
Titan VCT is targeting an annual regular dividend of at least 4p per share initially, increasing to 5p per share by the
year ending October 2017. In addition, the VCT will aim to pay special dividends when there are significant gains
from the realisation of portfolio holdings
Octopus
Investments
Apollo targets lower volatility investments with the ability to deliver regular dividends of 5p per annum. Apollo
aims to invest in VCT qualifying companies that have an established and successful management team, annual
profits of at least £1m, a high level of repeat business and broad customer base, and a competitive advantage
that reduces the risk of losing customers
Octopus
Investments
To invest in high-quality established smaller companies listed on the Alternative Investment Market (AIM), targeting
potential growth and regular tax-free dividends. Dividend target for AIM VCT: 5p or 5% per year whichever is greater.
AIM VCT 2: 3.6p or 5% per year, whichever is greater. Both VCTs aim to pay dividends twice per year
Octopus
Investments
To ensure that the VCTs continues to qualify and are approved as a VCT by HMRC whilst maximising opportunities
presented by the current favourable market conditions to steer new investment deals through to completion, to
meet the aims of sustaining current investment levels and securing good returns to shareholders from both income
and capital
Mobeus Equity
Partners LLP
Implementing a proven asset-backed investment strategy primarily investing in established businesses in the
form of ordinary equity together with senior secured loans. Target average annual tax-free dividend of 5p per
share commencing from April 2018 over the rest of the life of the investment. It is envisaged that after 5 years, the
Directors will propose a special resolution for shareholders to vote on the process of winding-up the Company or
similar means of distributing shareholders’ capital and income
Puma
Investments
The Company’s objective is to provide Shareholders with an attractive return from a diversified portfolio of
investments, predominantly in the shares of AIM quoted companies, by maintaining a steady flow of dividend
distributions to Shareholders from the income as well as capital gains generated by the portfolio
Unicorn Asset
Management,
Chris Hutchinson
VCTCOMPARISON