View more on these topics

Elderstreet announces 15m share offer

Elderstreet, the venture capital fund manager, has launched a C share issue to raise an additional 15m for the Elderstreet VCT.

In addition to standard income tax relief, after three years, C share investors will receive a 30p return for every 1 invested. This is in addition to any other investment gains and is subject to a guarantee from the VCTs chairman, Michael Jackson.

The VCT will remain a generalist trust investing mainly in unquoted and in some Aim companies.

Recommended

Varying your estate

Where property is inherited, either under a will or under the intestacy laws, it is possible to redirect the legacy (or part thereof) to achieve inheritance tax savings by using a deed of variation, says Brian Murphy.

Multi-manager view

The multi-manager sector is growing rapidly. It has seen large numbers of new entrants, a flurry of fund launches over the past few years and an ever-greater number of column inches devoted to it in the industry press.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment