Offer fully subscribed and now closed
Pembroke VCT plc, the venture capital trust focused on building the businesses of tomorrow, is pleased to announce it has achieved a record fundraise, selling out of the £40 million offer, with the initial offer and overallotment facility now fully subscribed as at 29th March.
Pembroke VCT gives investors the opportunity to share in the growth of some of the UK’s most exciting and innovative smaller companies, across industries with strong growth prospects.
Since its launch in 2013, Pembroke VCT has invested £79.1 million in 40 active companies, helping strong management teams deliver their vision.
Investors will gain access to a maturing portfolio of 40 growing businesses and to a well‑established dividend‑paying VCT. The portfolio includes high growth, innovative brands – such as Plenish, Popsa, Stitch and Story, and ME+EM – in the design, education, food, beverage and hospitality, wellness, digital services and media sectors.
Pembroke will use the funds raised to make a number of new investments while also providing follow‑on funding for current portfolio companies, where capital will further accelerate their growth plans. Pembroke partners with founders and its ‘steppingstone’ investment process provides additional funding to take advantage of growth opportunities that emerge during the journey.
Andrew Wolfson, CEO of Pembroke Investment Managers LLP commented; “Our portfolio companies have learnt how to pivot and grow in new ways over the course of 2020. We believe that innovative businesses with premium brands and strong management teams can and will flourish this year, despite the challenging environment. We are delighted to have achieved a record fundraise in 2021 and look forward to investing this capital into the exceptional founders we work with, both old and new, and seek to deliver value for our investors.”