The Triple Point VCT has launched the first VCT offer of 2025/26.
The VCT has announced an offer for up to £30 million (£10 million + £20 million overallotment).
The VCT has total net assets of £83.5 million and a portfolio of around 50 companies.
The VCT is focused on B2B companies and tends to invest at an earlier stage than many other VCTs, when valuations are typically lower.
Over the five years to June 2025 the VCT has delivered a NAV total return of 21.4%.
The VCT targets a dividend of 5.0% per annum.
Nicholas Hyett, Investment Manager at Wealth Club said, “Triple Point is the first VCT out of the blocks this tax year. That seems appropriate, since getting in early is what the Triple Point Venture VCT is all about.
Manager Seb Wallace aims to invest earlier in a company’s corporate life than many VCTs. At this stage there’s less competition, resulting in lower valuations. Investing at an earlier stage is higher risk, but the VCT mitigates that by making lots of smaller bets before doubling down on the winners.
Having launched in 2018 the VCT is now starting to see some of the early bets pay off. It sold credit reference group Credit Kudos to Apple a few years ago for a very healthy 5.2x cost, and other top holdings like energy data company Modo Energy and MRI booking platform Scan.com are showing substantial gains after attracting funding from other investors.
We think the VCT offers investors a distinctive, well thought out approach – with a manager who is starting to develop an appealing track record.”
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