** A newer interview (2023) is here: [ Ссылка ]
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“The ProVen VCTs tend to focus on early stage growth capital companies, which I would differentiate a little bit from traditional venture in that we’re looking for businesses that have proven commercial traction.” Meet Karen McCormick, chief investment officer at Beringea, manager of the ProVen VCTs, which aim to offer investors “a better than market return, ideally with a 5% targeted dividend, with outsized dividends on realisations as we’ve delivered on many years in the past.” Please note dividends are variable and not guaranteed; past performance is not a guide to the future. This fascinating and wide ranging interview covers:
0:00 About Beringea, Karen McCormick, and ProVen VCTs
1:33 Examples of recent investments
3:10 Anatomy of a typical investee company
5:23 How has Covid affected your portfolio?
8:17 Is now a good time to be investing?
9:20 What's happening with exits?
11:51 What trends are you seeing in venture investing?
13:41 Why should VCT investors choose ProVen VCTs?
Portfolio companies mentioned include:
Second Nature (health & wellbeing platform)
Luxury Promise (reseller of pre-owned luxury goods)
Commonplace (community involvement platform)
Social Value Portal (report card for ESG initiatives)
My 1st Years (luxury children’s gifting business
MPB (pre-owned high-end camera equipment)
MYCS (customisable furnishings and home furniture)
Zoovu (software to guide customers through high value ecommerce)
Fnatic (esports industry)
Watchfinder (pre-owned luxury watches)
Chargemaster (EV charging)
Third Bridge (expert networks for city firms)
Festicket (tickets and travel packages)
Monica Vinader (jewellery)
For more details on ProVen VCTs, including documents & how to invest, see:
[ Ссылка ]
IMPORTANT
The opinions expressed in this video are the interviewee’s own and do not necessarily reflect the view of Wealth Club Limited. This interview, like our service, is not advice and the products featured are not suitable for everyone. VCTs are higher risk and less liquid than mainstream investments. You could get back less than you invest. Tax rules can change and tax benefits depend on your circumstances. If you’re unsure an investment is right for you, please seek professional advice.
