Meet Karen McCormick, the Manager of ProVen VCTs

## **Title:** Beringea: Investing in Growth Capital Businesses | ProVen VCTs

## **Description:**

In this video, we sit down with Karen McCormick, the chief investment officer at Beringea, who has been managing the ProVen VCTs for several years. Beringea is a venture capital firm with a dual base in the US and UK, providing a unique perspective on growth capital investing. In this interview, we discuss a range of topics, including the types of businesses that ProVen VCTs like to back, the impact of tech multiples on their investments, and the challenges faced by founders and investors in the current market.

Here are some key timestamps for your convenience:

– **0:00** About Beringea, Karen McCormick, and ProVen VCTs
– **1:53** What do the ProVen VCTs like to invest in?
– **2:57** What is important in a CEO or founding team?
– **3:42** Recent investments in Lucky Saint and Yardlink
– **4:22** More established holdings including Monica Vinader, MPB, Papier, CreativeX
– **5:12** Investing in Luxury Promise
– **5:40** What does Beringea do practically to help these companies succeed?
– **6:17** Helping companies commercialize in the US
– **6:39** Impact of 2022’s economic conditions
– **7:52** Revaluation of the portfolios is a necessity
– **8:46** Biggest challenges founders and investors face at the moment
– **9:31** How many companies will fail?
– **10:07** Exits in 2022, including Blis, Zoovu
– **11:03** How are ProVen VCTs performing as a whole?
– **11:48** Ultimately why should investors choose the ProVen VCTs?

For more details on ProVen VCTs, including documents and how to invest, please visit [WealthClub.co.uk](https://www.wealthclub.co.uk/y/proven-vcts/).

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*Disclaimer: 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 may not be suitable for everyone. Venture Capital Trusts are higher risk and less liquid than mainstream investments. Tax rules can change, and tax benefits depend on your circumstances. If you’re unsure about an investment, please seek professional advice.*

For a full transcript of the video, please refer to our website.

Beringea’s chief investment officer Karen McCormick has managed the two Venture Capital Trusts, ProVen VCTs, for a number of years. Their dual base in the US and UK gives them a unique vantage point on the world of growth capital investing. So how do they see things at the moment? What sort of businesses do the ProVen VCTs like to back, and why are some companies coming back to Beringea 6–12 months after the initial conversation? How have tech multiples in the public markets affected their investments? What has been like a whiplash effect on founders? Watch now to learn more. In this interview:

0:00 About Beringea, Karen McCormick, and ProVen VCTs
1:53 What do the ProVen VCTs like to invest in?
2:57 What is important in a CEO or founding team?
3:42 Recent investments in Lucky Saint and Yardlink
4:22 More established holdings including Monica Vinader, MPB, Papier, CreativeX
5:12 Investing in Luxury Promise
5:40 What does Beringea do practically to help these companies succeed?
6:17 Helping companies commercialise in the US
6:39 Impact of 2022’s economic conditions
7:52 Revaluation of the portfolios is a necessity
8:46 Biggest challenges founders and investors face at the moment
9:31 How many companies will fail?
10:07 Exits in 2022, including Blis, Zoovu
11:03 How are ProVen VCTs performing as a whole?
11:48 Ultimately why should investors choose the ProVen VCTs?

For more details on ProVen VCTs, including documents & how to invest, see https://www.wealthclub.co.uk/y/proven-vcts/

Please Subscribe (+ 🔔 ) for more Meet The Manager video interviews.

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. Venture Capital Trusts are higher risk and less liquid than mainstream investments. You could lose your capital. 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.