[2020] Get Acquainted with Ian McLennan: Manager at Triple Point Venture Fund (VCT 2011 plc)

**See most recent [2022] video here: [Triple Point Venture Fund Interview](https://www.youtube.com/watch?v=tW-LSS8K274)**

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Welcome to the Triple Point Venture Fund interview with Ian McLennan, partner at Triple Point. In this video, we discuss their current VCT offer and their unique investment strategy. Watch the full interview to learn more about their approach, portfolio companies, and the impact of the Covid-19 pandemic.

For more details on the Triple Point Venture Fund (VCT 2011 plc) – including our review, documents, and how to invest – visit [Wealth Club](https://www.wealthclub.co.uk/y/triple-point-vct/)

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## Highlights
– 0:00 Triple Point overview and Ventures team
– 1:39 What does Triple Point VCT 2011 (Venture Fund) aim to do for investors?
– 3:15 Investing in Quit Genius
– 4:43 Investing in Vyne Technologies
– 7:28 Investing in Credit Kudos
– 9:16 Exiting from Adepto (bought by Degreed)
– 10:51 What is a “challenge led” investment strategy?
– 12:28 Ultimately why should VCT investors choose Triple Point Venture Fund?

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**Keywords/Tags**: venture capital, tax efficient investment, venture capital trust

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*This video transcript has been edited for clarity and brevity.*

*Timestamp reference is based on the original video.*

**Alex Davies**: Hello, I’m Alex Davies, founder of Wealth Club. Today I‘m with Ian McLennan of Triple Point to talk about the Triple Point Venture Fund. Hi Ian, first off tell me a bit about Triple Point and your own experience.

**Ian McLennan**: Hi Alex, well Triple Point these days manages £1.6 billion of assets, we do that for all sorts of different clients now, so we’ve got the UK government, We manage money for institutions and of course for private investors who are the ones who’ll be interested in the VCT. But of course we started in 2004 to run a VCT and we’ve been running them ever since, and this is our 21st offer. In terms of myself, I’m a partner at Triple Point, I run our venture team. I’ve been there 12 years, always involved in the VCT EIS side of business…

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*Continue to watch the full interview on the [Triple Point YouTube Channel](https://www.youtube.com/watch?v=tW-LSS8K274)*.

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IMPORTANT: The opinions expressed in this video are the interviewee’s own and do not necessarily reflect the view of Wealth Club Limited. This interview, like our service, is not advice, and the products featured are not suitable for everyone. VCTs are higher risk and less liquid than mainstream investments. You could get back less than you invest. Tax rules can change, and tax benefits depend on your circumstances. If you’re unsure an investment is right for you, please seek professional advice.

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*[Source](https://www.youtube.com/watch?v=tW-LSS8K274)*

** See most recent [2022] video here: https://www.youtube.com/watch?v=tW-LSS8K274 **
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We met with Triple Point partner Ian McLennan to talk about their current VCT offer – the Triple Point Venture Fund. This is a share class launched two years ago within Triple Point VCT 2011 plc that is evergreen, growth-focused and which boasts a ‘challenge-led’ investment strategy. So what does this mean in practice – what kinds of companies do they invest in, and what are some example portfolio companies to date? Why do they believe their approach offers something different to other VCT managers? And how has their portfolio been affected by the Covid-19 pandemic? Watch the interview to find out.

For more details on the Triple Point Venture Fund (VCT 2011 plc) – including our review, documents and how to invest – see https://www.wealthclub.co.uk/y/triple-point-vct/

Highlights:
0:00 Triple Point overview and Ventures team
1:39 What does Triple Point VCT 2011 (Venture Fund) aim to do for investors?
3:15 Investing in Quit Genius
4:43 Investing in Vyne Technologies
7:28 Investing in Credit Kudos
9:16 Exiting from Adepto (bought by Degreed)
10:51 What is a “challenge led” investment strategy?
12:28 Ultimately why should VCT investors choose Triple Point Venture Fund?

IMPORTANT
The opinions expressed in this video are the interviewee’s own and do not necessarily reflect the view of Wealth Club Limited. This interview, like our service, is not advice and the products featured are not suitable for everyone. VCTs are higher risk and less liquid than mainstream investments. You could get back less than you invest. Tax rules can change and tax benefits depend on your circumstances. If you’re unsure an investment is right for you, please seek professional advice.