Triple Point Venture VCT
Applications open
Important Information - Venture Capital Trusts (VCTs) invest in small, early-stage, unlisted companies and are considered high-risk investments. It’s difficult to access your money in the short term and their value can go down as well as up so you could get back less than you put in. VCTs are long-term investments and should only be a consideration for experienced investors with larger portfolios. We suggest they form a small part of a diversified portfolio. This isn’t personal advice, if you’re unsure if VCTs are right for you, please consider taking advice. Tax rules can change, and their benefits depend on your individual circumstances.
About Triple Point Venture VCT
The Triple Point Venture VCT gives investors access to a diversified portfolio of ambitious early-stage business-to-business companies operating across 20 different sectors.
Key facts
Started in 2010.
Over £80mn in assets under management invested in 52 companies.
Annual dividend target of 5%. But dividends are not guaranteed.
Raising £10mn with an over-allotment facility of a further £30mn.
Existing investor discount: 1% discount to the initial charge. Existing investors must hold their VCT shares in an HL Fund and Share Account to qualify for the discount.
Before applying you should read the prospectus and key information document. This contains helpful information about how the VCT works and is invested, but also will help you understand any further risks you should be aware of.
VCT offer details
Open to UK investors located and resident in the UK.
Minimum application of £3,000, capped at a maximum of £200,000.
You must hold an HL Fund and Share Account to apply, you can open one during the application process. It’s free to hold VCT shares in this account.
Investors will qualify for a 0.5% rebate, this will be provided annually as bonus shares for 5 years.
The offer price will be established through the issue.
Shares are allocated in tranches by the VCT manager during the offer period. There may be a few weeks until your shares are allotted.
Applications can close early and at short notice, especially if there is strong demand.
Any application in this VCT should be made on the basis of the prospectus and any supplementary information issued by the VCT manager. The prospectus and supporting documents are provided by Triple Point Investment Management LLP, Hargreaves Lansdown has not authorised or approved them and is not responsible for their accuracy.
Ready to invest?
Make sure you’ve read these key documents. They cover in more detail the risks and investment strategy of this VCT.
Example companies held by Triple Point Venture VCT
After radiologist Jasper Nissim and Dr Khalid Latief noticed the difficulties of arranging scans quickly for patients, they created a diagnostic imaging marketplace “accessible to everyone, everywhere”. Together with serial entrepreneurs Charlie Bullock and Oliver Knight, they formed Scan.com to dramatically speed up the process of booking and receiving results for medical imaging scans.
Paloma’s offering centres on its proprietary ‘Clinical OS’ technology platform, designed to drive clinical and operational efficiency in multiple critical pathways. It automates across key workflows, including clinical triage, referral letter generation, appointment scheduling, note taking, and customer support. The product is addressing the critically underfunded areas of autism and ADHD (Attention Deficit Hyperactivity Disorder), helping clinicians to focus on delivering care while improving the speed, quality, and scalability of services.
Renewable energy relies on batteries for storing energy when the sun doesn’t shine, or the wind doesn’t blow. Modo’s ‘all-in-one’ technology platform helps companies, investors and energy consultants see how battery energy storage systems save energy and money. Data from over 15 independent sources delivers clear, actionable insights on energy markets and asset performance, covering past revenue, current market trends and future potential.
To see more detail on how the VCT invests, including why they’ve chosen certain companies check the VCT prospectus and brochure.
Past Performance
You can view the past performance data of this VCT on our factsheet. You’ll need to return to this page to place a deal. Past performance is not a guide to the future.
Costs and charges
| VCT manager initial charge: | 5.5% |
| HL saving on the initial charge: | 3% |
| Net initial charge: | 2.5% |
| Ongoing charge: | 2.98% |
| Performance fee: | 20% |
Existing investor discount: 1%
If you wish to sell your VCT, telephone rates of commission will apply (1%, minimum £20, maximum £50).
Existing investors must hold their VCT shares in an HL Fund and Share Account to qualify for the discount.
Other incidental charges for buying and selling investments may apply. Details on this are available in the prospectus and key information document.
Full breakdown of charges
The following charges are based on an investment of £5,000 within a Fund and Share Account over 5 years assuming a 5% growth rate. We’ve used the initial charge including the HL saving, but no further discounts like early bird or existing investor discounts have been applied. The annual rebate is also not included.
Holders should also get income from the VCT, on which there's no charge from HL and so isn't included in these figures. The income you’ll receive isn't guaranteed and you could get back less than you invest.
| Management charge | £0.00 |
| Entry dealing charge | £0.00 |
| Exit dealing charges | £50.00 |
| Stamp duty (N/A) | £0.00 |
| Net initial charge (2.5%) | £250.00 |
| Ongoing charge (2.98%) | £1,509.70 |
| Transaction costs | £0.00 |
| Incidental charges | £0.00 |
| Total charges over 5 years | £1,809.70 |
| Average annual charge | 3.55% |
| Illustrative 5-year value | £10,690.64 |
| Illustrative 5-year value with no charges applied | £12,762.82 |
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| HL Charges | £0.00 | £0.00 | £0.00 | £0.00 | £50.00 | £50.00 |
| Management charge | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Entry dealing charge | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Exit dealing charge | £0.00 | £0.00 | £0.00 | £0.00 | £50.00 | £50.00 |
| Investment charges | £540.39 | £296.07 | £301.85 | £307.75 | £313.64 | £1,759.70 |
| Stamp duty (N/A) | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Net initial charge (2.5%) | £250.00 | £0.00 | £0.00 | £0.00 | £0.00 | £250.00 |
| Ongoing charge (2.98%) | £290.39 | £296.07 | £301.85 | £307.75 | £313.64 | £1,509.70 |
| Transaction costs | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Incidental charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Total charges over 5 years | £540.39 | £296.07 | £301.85 | £307.75 | £363.64 | £1,809.70 |
| Average annual charge | 5.48% | 2.95% | 2.95% | 2.95% | 3.42% | 3.55% |
| Illustrative 5-year value | £9,940.53 | £10,134.79 | £10,332.85 | £10,534.77 | £10,690.64 | £10,690.64 |
| Illustrative 5-year value with no charges applied | £10,500.00 | £11,025.00 | £11,576.25 | £12,155.06 | £12,762.82 | £12,762.82 |
The costs and charges shown are for illustration purposes only based on the assumptions presented. Total HL charges and 5 year HL charges also include a £50 exit dealing charge. Figures may not add up to the given total due to rounding.2.5
Ready to invest?
Make sure you’ve read these key documents. They cover in more detail the risks and investment strategy of this VCT.