“We have been around for quite a few decades – this is my third economic cycle – and it does feel a bit different…” What does the investor in Lucky Saint, Dash Water, Monica Vinader and MPB think about the venture capital environment in 2024/25? We talk to Karen McCormick of Beringea – the transatlantic manager of the ProVen VCTs (Venture Capital Trusts). In this episode:

• Investing in legal AI business Aistemos – recently acquired by LexisNexis
• “They believe the markets are effectively shut to them” – how is Beringea increasingly sourcing its deals?
• Portfolio companies DASH Water, Gorilla, MPB, Lupa Foods and alcohol-free brewer Lucky Saint
• “Where we’ve seen softening in the UK market, there’s remained buoyancy in the US” – how does Beringea help investee companies grow into North America?
• Recent exits, including Firefly Learning and Monica Vinader
• What are the risks?

For more details on ProVen VCTs please see www.wealthclub.co.uk/ProVen.

IMPORTANT
The opinions expressed in this video are the interviewee’s own and do not necessarily reflect the view of Wealth Club Limited. This interview, like our service, is not advice. Venture Capital Trusts are higher risk and less liquid than mainstream investments. You could lose your capital. Tax rules can change and tax benefits depend on your circumstances. If you’re unsure an investment is right for you, please seek professional advice.