The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Fuel Ventures, Titan Alternatives
London-based investment firm Fuel Ventures has launched a £50 million venture capital trust (VCT) fundraise to be listed on the London Stock Exchange with Titan Alternatives, who have invested over £650 million ($826 million) acting as the main promoter. 

The firm said funds from the VCT will co-invest with Fuel Ventures' existing Enterprise Investment Scheme (EIS) portfolio. It will target 30 investments in high-growth tech innovation over the next three years. Whilst Titan Alternatives has been involved in the introduction of capital to a number of VCTs since 2005, it is the first time it has been named as the main promoter of a VCT within a prospectus. 

Titan Alternatives, formerly Haibun Wealth, will be acting as promoter under the terms set out in the offer agreement – the first product launch since rebranding. The Fuel Ventures VCT offer is for subscription for up to £10 million of ordinary shares with an over-allotment facility for up to a further £40 million of ordinary shares. 

“We have ambitious plans for the VCT to become a £100 million+ fund,” Stan Williams, partner of Fuel Ventures said. The launch follows the extension of the VCT regime out to at least 2035, joining a number of new VCT launches. Fuel Ventures is valued at $1.4 billion.

Titan Alternatives provides investment solutions through VCTs, EISs, hedge funds and private equity, providing portfolio diversification and investment solutions to high net worth, professional investors. Fuel Ventures is valued at $1.4 billion.

Jupiter Asset Management
UK Jupiter Asset Management has just launched five systematic thematic funds managed by Jupiter’s systematic equities team. The fund range, classified as Article 8 under the EU’s Sustainable Financial Disclosure Regulation (SFDR), will focus on transformative, and often disruptive, megatrends to capture long-term capital growth, the firm said in a statement.

They include Jupiter Systematic Disruptive Technology Fund, Jupiter Systematic Consumer Trends Fund, Jupiter Systematic Healthcare Innovation Fund, Jupiter Systematic Demographic Opportunities Fund, and Jupiter Systematic Physical World Fund. The investment team will be led by Amadeo Alentorn.