Puma Investments, the alternative fund manager, has opened a new £50 million fundraise for Puma VCT 13, with an over-allotment facility for a further £20 million.

The fundraiser offers an opportunity for investors to gain exposure to a diversified portfolio of scale-up, high-potential businesses with the aim of providing attractive but stable returns.

Launched in 2017, the Puma VCT 13 has a five-year track record and according to MICAP analysis is the best-performing generalist VCT in the market on a four-year basis (as at July 2023), with a Total Return (NAV growth plus dividends paid) growth of over 60%1 and assets of more than £100 million. The value of the VCT’s combined NAV and Dividends as of 30 June of the preceding five years was: 97.00p in 2018, 89.38p in 2019, 100.33p in 2020, 125.77p in 2021, 154.53p in 2022, and 149.55p in 2023.

To date, Puma VCT 13 has invested in 18 UK qualifying businesses. These include piracy software company MUSO, men’s athleisurewear business Ron Dorff and tech-focused influencer-marketing agency Influencer, which works with clients including Google, Amazon and Levi’s. In addition, the VCT has invested in several new companies in recent months including Pockit, the digital account provider for under-served customers and voice isolation specialist IRIS Audio Technologies.

Puma VCT 13 has achieved two sizeable exits in recent years. Pure Cremation, a leading provider of direct cremations in the UK exited in June 2021 and Tictrac, an app-based health and wellness solution for employers and insurance companies exited in May 2022, both delivering impressive gains to investors.

Puma invests in high-potential companies that have proven themselves in their market, diversifying across sectors, business models and end customer groups. It works in partnership with portfolio companies to help them achieve their growth ambitions.

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