Are all VCTs now destined to fail?
Food for thought from Bloomberg 23/9/25 Some PE Firms Doomed to Fail as High-Flying Industry Loses Its Way Private equity’s reckoning has frustrated investors waiting longer for payouts, forcing firms to scale back fundraisings, offer secondary exits and diversify https://www.bloomberg.com/news/features/2025-09-22/private-equity-firms-fundraising-stumbles-after-high-flying-era copy at: https://app.box.com/s/ikfmajc3cwloh3xfieygn7qikl8mtow0 Don't get me wrong, EIS and BEIS schemes are a great idea and well worth the costs to HMRC for the promotion long term investment and the years it takes for start-ups to become dividend paying, but VCTs are, and always have been, a scam too far. The only thing keeping VCTs alive is the endless self-promotion by the law-breaking Investment Managers, VCT Directors and the fee-gouging solicitors and accountants advertising that HMRC will pay you £1m as their primary marketing tool. Just look at the decades long real terms negative Net ...