ProVen VCT plc

ProVen VCT plc functions as a venture capital trust, primarily targeting companies requiring expansion capital and those involved in management buyouts. It focuses its investment efforts on small and medium-sized enterprises (SMEs), deliberately avoiding early-stage startups. In addition to its core VCT-qualifying investments, the fund diversifies into non-qualifying assets. These encompass liquid holdings like cash and liquidity funds, fixed-interest securities, and debt instruments (particularly in growth companies), as well as other non-qualifying venture capital investments. Investment targets include both unlisted private companies and those traded on the Alternative Investment Market (AIM), with a sole focus on UK-based SMEs. The fund typically holds its investments for a period of three to four years.