Octopus takes over management of Close VCTs

clock

Octopus Investments has confirmed that it will takeover management of all three AIM VCTs managed by Close Investments - representing around £65m of total assets - as of 1 August.

In addition to this, Andrew Buchanan and Kate Tidbury, managers of the Close AIM VCTs, will be moving to Octopus from Close to continue the day-to-day management of the funds. Chris Hulatt, a director Octopus Investments, said: "We are delighted to be taking over the management of these three AIM VCTs and to be welcoming Andrew and Kate, both highly regarded investment professionals, to Octopus. "We believe that the transfer of these funds further cements our position as the leading UK smaller companies house, with more than £0.6bn invested across our 15 VCTs, our IHT and EIS portfolio...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on VCTs / EIS

When patriotism meets investment strategy

When patriotism meets investment strategy

The UK is home to some of the world's most exciting high-growth sectors

Andrew Aldridge
clock 27 November 2025 • 4 min read
'Jury is out' on whether advisers will decrease VCT use after Budget tax relief cut

'Jury is out' on whether advisers will decrease VCT use after Budget tax relief cut

Financial advisers share their thoughts

Isabel Baxter
clock 27 November 2025 • 7 min read
Budget 25: VCT sector blindsided by 'appalling' tax relief cut to 20%

Budget 25: VCT sector blindsided by 'appalling' tax relief cut to 20%

Investment limits doubled

Cristian Angeloni
clock 26 November 2025 • 3 min read