Quester Capital Management is offering new shares in its Quester venture capital trust (VCT).
This venture capital trust aims to produce income and growth by investing mainly in unquoted companies, although around 15 per cent will also go into quoted companies and fixed-interest securities.
This VCT has a general focus that is spread across sectors including healthcare, technology, construction and leisure. The companies chosen for investment will be those that can add innovative ideas to their chosen marketplace and that appear to offer good growth potential. This may include rapidly developing companies aiming for a flotation within the next five years or companies that may be bought out by bigger companies over the next few years.
Andrew Holmes who is Quester's managing director and the manager of this trust, founded the company in 1984. He spent the previous eight years as an investment manager with venture capital company 3i.
Despite Quester's diversity across sectors, it is best known for its track record in technology and related areas. The overblown valuations of tech stocks are a thing of the past but this does not mean that attractive investment opportunities have dried up. Difficult market conditions are having an impact on all kinds of companies and investors could benefit from this over the long term if those chosen for investment become successful.
However, investors are naturally more cautious at present and they may have negative preconceptions about investing in new companies, especially if they had their fingers burnt in the technology boom.