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Product matters : A realistic Venture

In what could turn out to be an even busier year than 2005 for the VCT industry, it is refreshing to see quality names launching and being realistic about the amount of money that they want to raise and invest.

Aberdeen has launched its C-share issue this week for the existing Aberdeen growth opportunities VCT and aims to raise 15m.

Bill Nixon heads the Aberdeen venture capital team. This VCT will be a mixture of unquoted and Aim investments, with the majority in unquoted companies.

One of the advantages of investing with a team such as Aberdeen is that the VCT will benefit from being able to invest in much bigger investments. A recent investment was made into a company valued at 400m. Obviously, this falls into the non-qualifying portion of the fund but does give an edge over other VCTs. It is a C-share offering to an existing VCT so there is no risk that it will not proceed and it has already raised almost 2m out of the 15m available.

I have invested in two of the Aberdeen VCTs and am more than happy with the results so far. A large proportion of the money raised last year has already been invested. I rate Bill Nixon as one of the most effective and talented venture capitalists in the country and he has personally invested more than 100,000 in Aberdeen’s VCTs. I think this VCT could form a profitable part of your portfolio for years to come.


Rockin’ Robin

I am a great admirer of Robin Geffen and believe he is the best global fund manager in the UK.

CII recruits to lead specialist teams

The Chartered Insurance Institute is setting up special- ist teams for life and pensions and general insurance in a move aimed at a more focused approach. It says it wants to increase its presence in the life and pension sector and is set to launch a faculty of life and pensions. It is also develop- […]

Civil rights

My partner and I want to ensure our financial arrangements are in order as we are about to have a child. As we are both female, I am aware that we need to be more organised than other couples, especially should anything happen to either of us.


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