VCF Partners to acquire Advent Venture Partners' VCT management business

VCF Partners, the technology investment firm which manages the Foresight Technology VCTs, has today acquired Advent Fund Managers, the VCT management business of Advent Venture Partners.  The transaction, which is subject to the approval of the shareholders of Advent VCT and Advent 2 VCT, will result in the two Advent VCTs being managed by a specialist VCT management group with a strong record of success in this sector.  The Advent VCT team will join VCF Partners.    Advent Venture Partners will continue to focus on its institutional fund business investing in European early and later stage venture opportunities.

About VCF Partners
VCF Partners is a leading technology investor with a track record stretching back over 20 years. It currently manages three VCTs with £65 million in funds raised. These include the top-performing VCT fund, Foresight Technology “O” which is now showing a total return* of £2.47 for every pound originally invested. The “O” share fund will pay a 52 pence per share dividend in July.  VCF also manages the Foresight Technology “C” share VCT and has a third of TriVest VCT.