We've worked with Howard Kennedy for a long time, and their insight and expertise has been invaluable. The fact that they can offer sponsor as well as legal services is a huge benefit to us in terms of co-ordination, efficiency and effectiveness.
Simon King, Fund Manager of Octopus Future Generations VCT
London law firm and LSE Sponsor Howard Kennedy has provided legal and sponsor support to Octopus Investments as it launched its first new Venture Capital Trust (“VCT”) in ten years.
The VCT, named "Octopus Future Generations" (“Future Generations”), looks to back UK based, innovative, early-stage companies that are solving society’s biggest challenges.
The fund will invest in companies that focus on building a more sustainable planet, empowering people and revitalising healthcare.
"Future Generations" is looking to raise £20m and the VCT adds to Octopus’ growing sustainability offering.
The team at Howard Kennedy was led by Stephen Heinemann, Partner, and Keith Lassman, Head of Capital Markets. Howard Kennedy are the leading VCT lawyers in the UK, and the only law firm that provides sponsor advice in the country.
Regarding Howard Kennedy’s support, Heinemann said:
“We are delighted to have supported Octopus with its first VCT launch in a decade. 'Future Generations’ will provide investors with an exciting opportunity to obtain greater exposure to small businesses focussing on bettering society. We are proud to have advised on a VCT that is structured to bring positive changes to society.”
Simon King, Fund Manager of Octopus Future Generations VCT, said:
"The Octopus Future Generations VCT offers investors a fantastic opportunity to access a portfolio of exceptional, early-stage, purpose-driven companies which we believe have the potential to help to transform the world in which we live.
We've worked with Howard Kennedy for a long time, and their insight and expertise has been invaluable. The fact that they can offer sponsor as well as legal services is a huge benefit to us in terms of co-ordination, efficiency and effectiveness. Sustainable investment is still a developing regulatory and legal sphere and having the Howard Kennedy team support our internal responsible investing experts to navigate this new environment was key in bringing the VCT to fruition."
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