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Matrix Securities launches biggest ever VCT

Matrix-Securities is launching the biggest ever venture capital trust on offer to date.


The London tax-sheltered investment specialist says its TriVen VCT will aim to raise £60m from investors.


The trust will spread investors&#39 risk across different sectors with between 50 and 70 individual companies expected to receive venture capital from TriVen at full subscription.


The VCT will be managed by three venture capital managers, Elderstreet Investments, GLE Development Capital and LICA Development Capital.


Elderstreet will focus on the information technology and computer sectors. GLE will take a &#34generalist&#34 approach. LICA will focus on the industrial and media sectors.


The minimum investment in TriVen is £5,000. IFAs will be paid up front commission of 2.125 per cent and trail commission, paid annually, of 0.375 per cent of the net asset value of TriVen.

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