skip navigation

Welcome to ProVen VCTs

LATEST NEWS

Beringea Invests £5 million in Electronic Specialist Maplin

London, 22nd September 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has invested £5 million as part of a syndicate of investors led by Rutland Partners in Maplin Electronics, the UK's largest specialist retailer of consumer electronics.

» Read more...

More news...


Register now for our annual Shareholder Event, to be held on October 29 at The British Library.

The ProVen VCTs are managed by Beringea, a specialist venture capital fund manager which has been established for nearly 25 years1. It is one of the most experienced managers of VCTs, having launched its first in 1996. Beringea manages the ProVen family of VCTs; ProVen VCT, ProVen Growth & Income VCT, and ProVen Planned Exit VCT. ProVen Growth & Income VCT and ProVen VCT are the best and second best funds respectively of their launch years according to www.taxefficientreview.com.

1 Beringea was previously known as ProVen Private Equity and Guinness Mahon Development Capital.

For more information on ProVen VCTs, use our
contact form or call 0845 686 0225.

Please note: An investment in a VCT is not suitable for all investors. Potential investors are advised to take appropriate financial advice on the suitability for them of investing in a VCT before doing so. See the risk warning on this page and our terms of use for further information.


Terms of use

I accept this site's terms of use

Please read the following terms of use for this website then click on the link above to confirm acceptance:

Regulatory Information

The ProVen VCTs are managed by Beringea LLP, a specialist private equity fund manager based in the UK which is authorised and regulated by the Financial Conduct Authority (FCA). Beringea LLP's FCA Firm Reference Number is 496358.

The FCA's contact details are as follows.

Address
The Financial Conduct Authority
25 The North Colonnade,
Canary Wharf,
London
E14 5HS

Telephone: 020 7066 1000
Website: www.fca.gov.uk

The information in this website does not constitute an invitation, inducement or offer to engage in investment activity, or to subscribe for or purchase shares or other securities. It is intended for general information purposes only and not as investment, or other advice, and is not to be relied upon in connection with any investment decision.

Prospective Investors

The information on these pages relating to VCTs managed by Beringea LLP, is directed at United Kingdom residents only. Shares in venture capital trusts ("VCTs") referred to on these pages will not be offered to non-residents.

This Site is aimed at persons who qualify as "professional clients" or "eligible counterparties" (these terms are defined by the rules of the Financial Conduct Authority ("FCA") and the former generally entails a certain minimum net worth or level of expertise. The Site is therefore not directed at retail clients and such persons should not rely upon information on the Site and will not be able to avail themselves of the services referred to on it.

No reliance is to be placed on the information contained on this website in making an application to subscribe for shares in VCTs managed by Beringea. Beringea does not provide and nothing on these web pages should be construed as investment or tax advice. If you have any doubts about the suitability of a VCT and require advice you should contact a professional Independent Financial Advisor (IFA).

Applications to Invest

Application may only be made on the basis of the relevant prospectus, which can be downloaded from this website or obtained directly from Beringea LLP.

Address
Beringea LLP
39 Earlham Street
London
WC2H 9LT

Telephone: 0845 686 0225

Prospective investors should ensure that they read the risk warnings set out in the prospectus.

General VCT Information and Risks

An investment in a VCT should be considered a long-term investment and is not suitable for all individuals. Under current legislation shares must be held for a minimum of 5 years for maximum tax benefits and may be affected by future legislation. The market price of VCT shares may not reflect the full underlying net asset value ("NAV") of shares and shareholders may have difficulty in selling their shares and any sale is likely to be at a discount to the NAV.

The value of shares in a VCT and the income from them may fluctuate and investors may not get back the amount they invested. The market price of VCT shares is unlikely fully to reflect their underlying net asset value. It is possible that there may not be a liquid market in the shares of VCTs and shareholders may have difficulty in selling their shares. Any sale is likely to be at a discount to net asset value.

VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies.

The tax reliefs available to investors in a VCT are dependent on it maintaining Inland Revenue approval. A failure to meet the qualifying requirements could result in adverse tax consequences to investors, including a requirement to repay the income tax relief obtained. Investors must retain their VCT shares for the minimum period required to retain their initial tax relief. The tax rules and regulations governing VCTs are subject to change.

The past performance of Beringea LLP as a fund manager is no guide to the future performance of its VCTs.

Privacy Policy

Any information you provide to us will be used to administer our requirements for information from you. Occasionally, we may also use your details to inform you of other features, services and products which we think you may be interested in and we may contact you by post, fax, email or telephone.

We will keep your personal information confidential except to the extent that we are compelled to disclose it by law or to comply with an instruction of a regulatory body of competent jurisdiction.

To comply with the requirements of the Data Protection Act 1998, we adhere to strict security procedures and have taken all appropriate measures to ensure that no unauthorised disclosures of your details are made to a third party without your permission and unauthorised access to it is prevented.

Issued by Beringea LLP which is authorised and regulated by the Financial Conduct Authority registered number: 496358.

I accept this site's terms of use