LONDON, September 27, 2018 /PRNewswire/ --
Designed to generate significant returns through a "challenge-led" approach sourcing investee companies that address issues faced by established corporates
Triple Point, which provides innovative and compelling investment solutions for private and institutional investors, launches the Venture Fund, a new share class in the Triple Point VCT 2011 plc. The Fund is designed to generate significant capital growth and income for investors through a challenge-led investment strategy.
Traditional venture investing seeks to identify high-potential businesses, however, over 40% of start-ups fail because there is no market need. The Venture Fund addresses these issues, drawing on Triple Point's Venture Network, which includes 5,000 SMEs with the potential to help in excess of 100 large corporations already working with the Network.
The Venture Fund seeks to maximise financial returns by investing in the businesses working with the Network that have, or soon will, contract with corporates to help them solve some of the key business issues they face. By focusing on businesses with an established market, the Fund addresses one of the most significant risks of early stage investing. Each investee company is UK-focused with a significant addressable market, an innovative product or intellectual property.
The Venture Fund is raising £15m with a £15m over allotment to deploy the capital over 12-24 months to create a portfolio of 20+ companies, as well as 30% income tax relief and tax-free growth. It builds on Triple Point's 14-year track record of early stage investing. The offer is available until 30 August 2019, for a minimum £3,000 investment, unless fully subscribed earlier.
Belinda Thomas, Head of Sales and Investor Relations at Triple Point, commented: "We are delighted to launch the Venture Fund, which follows a unique strategy designed to address some of the key pitfalls of early-stage investing to achieve attractive returns for investors."
Triple Point specialises in private investments, including in venture capital, private equity, leasing, lending and tax efficient schemes, including VCTs and EIS, and has established a successful track record over 14 years, investing more than £1 billion on behalf of clients in businesses across a range of sectors, including £600 million raised for SMEs and £400 million for VCT/EIS schemes. £250 million has been returned to investors.
Richard Morgan Evans
SOURCE Triple Point