London Stock Exchange welcomes Puma AIM VCT to the Main Market
The London Stock Exchange welcomed the team from Puma Investments to participate in the market close following the launch of the Puma AIM VCT plc (LON:PAIM) on the Main Market.
This was the first new AIM-focused VCT to launch on the LSE in 18 years and reflects valuable feedback from the adviser and wealth management community. The Puma AIM VCT aims to deliver compelling returns through investments in companies that are traded on AIM, while delivering the full range of VCT tax reliefs. The VCT is targeting companies that are still small enough and young enough to grow and create meaningful investment exits. It invests in scale-up businesses with a proven commercial proposition (product or service) and management teams with deep knowledge of the sector in which they operate.
Puma’s investment team has a collective track record of over 50 years investing in AIM and is led by Investment Director, Dr. Stuart Rollason, who has been working in the AIM market since its inception in 1995. The team also includes Daniel Cane, Investment Director and Joseph Cornwall, Investment Manager. Daniel joined Puma in 2024 having spent 16 years at Toscafund Asset Management with a particular emphasis on small and mid-cap companies and was part of the AIM-focused Toscafund Micro Cap Fund investment team and Joseph previously led the AIM IHT service at Gore Browne Investment Management for five years.
Puma AIM VCT’s initial investment was in the IPO of Quantum Base plc (AIM: QUBE), the quantum science company focused on creating a new global standard in authentication.
“Following strong demand from financial advisers and their underlying clients, we have successfully raised capital to invest in growth companies at, what we believe to be, favourable valuations.”
“Our first investment in Quantum Base is an excellent example of our investment strategy through backing a high-growth university spin-out with a differentiated product line. We believe 2025 will see a fresh cycle of IPO activity and a strong foundation for growing companies to raise capital. We look forward to continuing to support more of these businesses and delivering value to our Puma AIM VCT investors.”
Dr. Stuart Rollason
Investment Director, Puma Investments
“We are proud of the long track record we have in supporting so many SMEs’ growth journeys and investing in AIM has formed an important part of that. Feedback from the adviser community has been excellent and we look forward to building on the strong start to Puma AIM VCT, the first new AIM VCT in 18 years.”
David Kaye
CEO of Puma Investments
Advisors and Participants
Puma was advised by:
- Sponsor: Howard Kennedy Corporate Services LLP
- Legal Advisor: Howard Kennedy LLP
- Auditor: MHA plc
- Tax Adviser: Shoosmiths LLP
- Registrar: Neville Registrars Limited
About Puma Investments
Puma Investments offers a range of award-winning investments across private equity, property finance and quoted equities, which support growing SMEs and professional property developers across the UK. The business has an established track record of achieving attractive returns for investors and the businesses it supports. It is headquartered in London.
Puma Investments is part of the Puma Capital Group. Today, the Puma Capital Group comprises four businesses focused on delivering long-term sustainable growth for our investors and partners. Together, they manage more than £850 million in assets, have funded over £2.5 billion of property developments, and have assisted dozens of businesses across the UK elevate and expand to deliver on their brilliant ideas.
