Beringea’s ProVen Media VCT was named ‘VCT of the Year’ at the 2003 Investor Allstars awards. The Investor Allstars event highlighted those private equity funds that have had an exceptional year and the investment professionals who manage them.
ProVen Media VCT is a £7.1m fund raised in 2001. The fund specialises in investments in early stage and growth companies in intellectual property rights, brands, content, and media-related technologies.
In just over two years, the fund has invested £4.35 million in 16 companies. Between January 2002 and July 2003 the fund closed ten new investments and supported five existing portfolio companies with follow-on funding.