Bringing you live news and features since 2006 


Octopus Investments merges Titan VCTs


Octopus Investments has completed the merger of the five Octopus Titan Venture Capital Trusts (VCTs). The merged Octopus Titan VCT will target an annual regular dividend of 4p per share initially.

This will increase to 5p per share during the two years after the merger, and will also pay special dividends where applicable. The latest special dividends of 15p to Titan VCT 4 shareholders and 10p to Titan VCT 5 shareholders were paid on 21 November.[1] In September Octopus announced the launch of a GBP50 million fundraise across the Titan VCTs, which will remain open following the merger.

The merger of the five Titan VCTs will enable Octopus to manage customers’ investments more efficiently in a number of ways. This includes significant administrative cost savings, simplification of communications and administration for investors, and increased management effectiveness, as the fund managers are now able to focus more time on working with portfolio companies to help them achieve growth targets. Importantly, the merger will also provide greater diversification for current investors, giving them access to both the successes and rising stars of the portfolio and therefore spreading the portfolio risk across a broader range of investments and sectors.
Paul Latham, Managing Director at Octopus, says: “The Octopus Titan VCTs were launched before HMRC changed the legislation to remove the limit on how much a VCT can invest into a single company. This meant that at the time it was necessary for us to launch a number of VCTs, which invested alongside each other in order to meet the investor demand for wider exposure to the portfolio of entrepreneurial fast-growing companies that the Titan VCTs invest in such as Zoopla Property Group, Secret Escapes and It now makes sense to consolidate the five Titan VCTs in order to achieve the significant administrative and cost efficiencies for shareholders that result from running just one VCT.”
The Octopus Titan VCTs invest in high growth early stage companies that have the potential to become global businesses. The current portfolio of 45 companies includes a diverse range of successful businesses including SwiftKey, the touchscreen keyboard app which was Google Play’s bestselling app in 2012 and 2013, and YPlan, the last minute mobile ticketing application which is now live in five cities in the UK and US.
Alex Macpherson, head of the Ventures team at Octopus and fund manager of the Titan VCTs, says: “This merger will result in significant benefits for investors and, importantly, allow Octopus to focus on working closely with the management teams within the portfolio to help them achieve their growth potential. The current fundraise has already seen strong demand from investors looking to access the benefits that these dynamic businesses can offer, so it’s fantastic that we are also now able to provide existing investors with exposure to the full range of exciting high growth enterprises that the Octopus Titan VCTs have invested in over the years.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by