Having recently simplified its share structure, Calculus VCT now gives a straightforward proposition. The fund will mostly invest in entrepreneurial growth companies which are relatively more established with strong management teams.
To invest in a portfolio of unquoted companies to preserve capital value while generating an income stream.
With the majority of the VCT being funds raised in the last two years, about half of the assets are currently invested.
One of the longest-standing managers in the VCT/EIS area, Calculus has a very experienced and stable team.
Write-offs over the last couple of years have adversely affected Calculus’s previously very good performance. An average realised 13% IRR is still credible.