this is a marketing copy authorised by allenbridge

This is a Marketing Copy authorised by Allenbridge

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CHART 1

ASSETS UNDER MANAGEMENT

TABLE 1

EMPLOYEES SPLIT ACROSS THE REGIONAL OFFICES

Regional Offices Employee

Headcount

Glasgow 32

Aberdeen 2

Edinburgh 3

Newcastle/ Durham 5

Preston 1

Manchester 11

Birmingham/Nottingham 6

Bristol 1

London 7

0

50

100

150

200

250

300

350

400

450

Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Jun-17

£ M

illio

ns

CHART 2

PRODUCT BREAKDOWN AS AT 30 JUNE 2017

44%

14%

10%

32%

VCT Co-investors Regional Fund Mandates Maven Property Assets

TABLE 2

KEY FINANCIAL METRICS SUMMARY

(£'000) 2017 2016 2015

Revenues 12,371 13,950 12,443

Pre-Tax Profit 6,174 8,572 7,434

Gross Profit Margin 49.9% 61.4% 59.7%

Net Balance Sheet Assets 6,026 5,587 5,244

Debt to Assets (*) n/a n/a n/a

Net Cashflow from Operating Activities 5,849 8,101 7,644

Source: Maven Capital Partners UK LLP Financial Statements for the year ended 31 March 2017. *The Manager notes Maven has no leverage in the form of bank loans

CHART 3

FUNDRAISING TRACK RECORD

Source: Maven; AllenbridgeIQ

TABLE 3

MAVEN’S OVERSIGHT COMMITTEE

Committee Details

Executive/Partnership Committee

- Mandate: To agree strategy for wider business, and manage, implement and monitor the strategic and operational activities in pursuit of that strategy.

- Members: Managing Partner, Head of Finance, Partners, head of relevant team as relates to specific items including compliance, client reporting, fund accounting, company secretarial and marketing.

- Frequency: Monthly

Investment Committee

- Mandate: To review, assess and approve all potential investments across the various business areas. Is typically split per client funds i.e. dedicated VCT/PE meetings.

- Members: Managing Partner, other investment partners and directors, head of portfolio, sponsoring regional investment director and team.

- Frequency: Weekly and as required

Product Development Committee

- Mandate: To plan, initiate and develop ideas for new products and fund launches. Also to monitor progress on each initiative.

- Members: Managing Partner, Head of Finance, Head of Sales and Marketing, Head of client reporting, other Partners and heads of relevant team as appropriate and relates to specific product.


Risk and Compliance Committee

- Mandate: Manage the risk and compliance of all areas across the business.

- Members: Managing Partner, Head of Finance, Partners, head of compliance, head of client reporting, and other relevant team heads as relates to specific items or business areas.


Valuation Committee

- Mandate: To agree all valuations across Investor Partner and VCT investments.

- Members: Managing Partner, Head of Portfolio and Client Reporting Manager.

- Frequency: Bi-annually


TABLE 4

EARLY GROWTH INVESTMENTS UNDERTAKEN BY MAVEN SINCE 2016.

Investment Name

Business Description Sector Investment

Date

Amount/cost (across all

VCTs)

The GP Service (UK)

Limited

Provider of a web-based platform for delivering live

online GP consultations, and prescriptions

Health Apr 2016 £2,500,000

Rockar 2016 Limited

Motor retailer with an innovative technology

proposition and retail store design

Automobiles and Parts

Jul 2016 £2,495,000

Chic Lifestyle Limited

Provider of inventory management platform for the

B2B premium travel market Leisure and Hotels Oct 2016 £1,500,000

Growth Capital

Ventures Limited

Developer and operator of online alternative finance

platforms

Investment Companies

Nov 2016 £815,000

Whiterock Group

Limited

Provider of 360o visualisation techniques for navigating hard-

to-access assets and facilities Technology Dec 2016 £1,100,000

Qikserve Limited

Developer of cloud-based ‘order and pay’ software products aimed for multi-outlet hospitality sector

Software and Computer Services

Jan 2017 £2,000,000

(part of £2.7m syndicate)

ebb3 Limited

Provider of high performance visualisation solutions for

graphics-intensive supercomputing applications


May 2017 £1,000,000

Horizon Cremation

Limited

Developer and operator of next generation crematoria

Support Services Jun 2017 £2,500,000

ITS Technology

Group Limited

Designer and operator of fibre optic alternative networks


Jun 2017 £2,250,000

Contego Fraud

Solutions Limited

Provider of automated compliance solutions

Regulatory Technology

Jul 2017 £1,800,000

(part of £3.5m syndicate)

ADC Biotechnology

Limited

Manufacturer of Antibody Drug Conjugates cancer

therapies Pharmaceuticals Sep 2017

£2,000,000 (part of £7m

syndicate)

Cognitive Geology

Developer of petroleum geoscience software

Software and Energy Services

Oct 2017 £1,000,000

(part of a £2m syndicate

Total £20,960,000


TABLE 5

PIPELINE

Investee Company Number of Deals Total

Deals in negotiation with Investee Company’s management team

8 £15 million

Deals proposed to the Maven Investment Committee

5 £7 million

Deals at the final investment stage 7 £7 million

Source: Maven

CHART 4

MAVEN INCOME AND GROWTH VCT 4 PLC SECTOR BREAKDOWN BY NUMBER OF DEALS AS AT 31 MAY

2017

Source: Maven, AllenbridgeIQ

4%

5%

32%

9%

23%

11%

12%

4%

Consumer Goods Consumer Services Financials Healthcare Industrials Oil & Gas Technology Telecommunications

CHART 5

BREAKDOWN OF PORTFOLIO BY NUMBER OF DEAL TYPES AS AT MAY 2017


CHART 6

BREAKDOWN OF PORTFOLIO BY THE VALUATION OF DEALS AS AT MAY 2017

22%

29%

9%

7%

1%

14%

17%

Management Buy-Out/Buy-In Development Capital Acquisition Finance Replacement Capital Buy and Build Listed Quoted

42%

22%

16%

12%

1%

7%

Management Buy-Out/Buy-In Development Capital Acquisition Finance Replacement Capital Buy and Build Quoted


TABLE 6

TOP 15 HOLDINGS AS AT 31 MAY 2017

Investee Company Sector Cost (£'000) Valuation

(£’000) % of net assets

Lemac No.1 Limited (trading as John McGavigan)

Industrials 698 2,190 7.0%

Torridon (Gibraltar) Limited Financials 682 2,173 6.9%

SPS (EU) Limited Consumer Goods 790 1,510 4.8%

Crawford Scientific Holdings Limited

Technology 470 1,276 4.1%

Ensco 969 Limited (trading as DPP)

Consumer Services 1,060 1,060 3.4%

Glacier Energy Services Holdings Limited

Oil & Gas 957 957 3.0%

Vodat Communications Group Limited

Telecommunications 592 819 2.6%

CatTech International Limited

Oil & Gas 498 780 2.5%

JT Holdings (UK) Limited (trading as Just Trays)

Consumer Goods 522 687 2.2%

Fathom Systems Group Limited

Oil & Gas 681 681 2.2%

GEV Holdings Limited Utilities 672 672 2.1%

Maven Capital (Marlow) Limited

N/A 650 650 2.1%

HCS Control Systems Group Limited

Industrials 836 604 1.9%

Flow UK Holdings Limited Technology 598 598 1.9%

R&M Engineering Group Limited

Oil & Gas 774 581 1.8%

Others* 13,704 43.6%

Cash & Cash equivalents 2,528 8.0%

Total 31,470


*Includes 61 other venture capital investments.

TABLE 7

INVESTMENT PROCESS

Investment Process Description

Deal Sourcing/Origination

The nationwide Maven investment and portfolio team holds a weekly discussion to consider all new and live opportunities, quickly identifying any sector related issues. For each prospective investment that satisfies defined selection criteria, the local Maven team will meet with the potential investee company and prepare a summary paper for preliminary discussion with the Maven investment committee (comprising a minimum of three Maven partners, but not including the partner who is sponsoring the investment paper). That paper will outline Maven’s initial proposal and cover the trading history of the company and the outline transaction structure and terms. The local team will also benefit from input by Maven investment executives across the country, whose multi-sector experience plays a key role at this stage in identifying possible issues and meaningful growth potential. The investment committee will decide whether to approve or decline the initial proposal. Approval must be on a unanimous basis, for a proposal to be taken forward to the next stage.

Deal Filtering and Selection

The executives sponsoring the proposed transaction will then commence a more detailed dialogue with the prospective investee company, conduct extensive in-house research and customer referencing, and undertake a series of site visits. This involves spending time with the management team, to see how the company operates on a day-to-day basis, and typically carrying out analysis and research within Maven’s network of non-executive directors to understand the business and sector further. Where there is a continuing demonstrable investment case, and suitable outline financial terms can be agreed for the investment by Maven client funds, a detailed investment paper will be prepared. This paper presents a comprehensive summary of the business, the senior executives and the sector dynamics, as well as incorporating a financial model with sensitivity analysis setting out the projected returns from the transaction. Crucially, it also presents a view on the ultimate exit potential and prospective acquirers for the business. The Maven investment committee will consider that paper, on the same basis as described above, and decide whether to decline the opportunity or to proceed formally into external due diligence and legal contract. Given the complexity of the revised VCT investment rules, and the importance of ensuring ongoing compliance with those requirements, Maven maintains a cautious approach and works closely with a specialist VCT tax adviser, engaged by the Maven VCTs, to assist in interpreting the revised legislation in relation to proposed new transactions and with the VCT tax clearance process.

Due Diligence Process

Prior to any investment being completed, the executive leading the transaction will project manage a comprehensive programme of due diligence on the target company, including extensive use of specialist third party providers. Due diligence will often highlight material issues which need to be addressed prior to completing a transaction, and which may influence the investment terms offered by Maven in

support of achieving positive investor returns. Maven believes that properly scoped external due diligence is a crucial component of managing investment risk, irrespective of the company, sector or proposed level of investment, and it will cover the following key areas as appropriate: • Management Referencing • Insurance & Pensions • Financial • Environmental • Legal • Intellectual Property • Commercial • IT In particular the thorough management referencing employed by Maven is critical to the decision to invest or not, and is of increasing importance in view of the greater focus on earlier-stage investments under the new VCT rules. Maven will also seek advance tax clearance from HMRC for the prospective investment, and the investee company management team will usually be asked to present to Maven’s investment committee. At the conclusion of this stage a final detailed investment paper is prepared, summarising the due diligence findings and detailing any recommended variations in the transaction or financial terms. The investment committee then considers these findings and proposed terms, and decides whether or not to proceed to legal completion.


TABLE 8

MAV4’S OVERSIGHT COMMITTEES

Committee Details

VCT Planning Meeting

- Mandate: To agree, manage, implement and monitor the activities required to meet the objectives/strategy of VCT and its Board. This will include monitoring progress of matters raised at previous board meetings and AGMs, and planning the content of annual and interim accounts.

- Members: Managing Partner, Head of client reporting, Head of client service, company secretarial, and heads of relevant team as relates to specific items including compliance and marketing.

- Frequency: Quarterly

Audit Committee

- Mandate: Monitor the integrity of the financial statements (Interim and Annual), agree all accounting policies. Agree all investment valuations and disclosure of all key transactions. Appointment of auditors and agreement of remuneration accounts.

- Members: Audit Committee Chairman and all members of board.

- Frequency: Bi-annual

Main Board Committee

- Mandate: Main agenda items include Managers report, business review and any legal and secretarial matters

- Members : Chairman and all members of board

- Frequency : Quarterly

Risk Committee

- Mandate: Document, review and monitor principle risks of the Company

- Members: Risk Committee Chairman and all members of the board

- Frequency : Quarterly

Remuneration Committee

- Mandate: Agree remuneration policy for the Company.

- Members: All board members

- Frequency: Annually

Nomination Committee - Mandate: Review structure, knowledge and experience of the board.

- Members : All board members

- Frequency: Annually


TABLE 9

FEES PAID TO THE MANAGER BY THE VCT

Initial Application Fees On-Going Annual Management Fees**

Administration and Accounting Fees

Up to 2.50%* 2.50% of NAV per annum ***

TABLE 10

EARLY-BIRD DISCOUNTS

Discount Details Closing Date Applicable Candidates

Conditions

Early-Bird Discount

1.50% 12 Noon on 2 February

2018

For Existing Shareholders

Only

Must currently be a shareholder in any of the six Maven VCTs. Applications must be received and

accepted by the deadline Early-Bird Discount

1.25% 12 Noon on 2 February

2018

For New Investors

Applications must be received and accepted by the deadline

TABLE 11

SUBSCRIPTION/APPLICATION FEES

Type of Investor Initial Application Fee* (and

initial commissions/initial adviser charges**)

Ongoing Management

Charges

Direct Application (Investors who make an application, without using a financial advisor or ‘execution-only intermediary’)

2.50% 2.50% of NAV

Application through an adviser (Investors who make an application through a registered financial adviser)

2.50% 2.50% of NAV

Application through an execution-only intermediary

2.50% 2.50% of NAV

TABLE 12

FEE DETAILS

Fees Details

Running Costs Capped at 3.5% of the average NAV of the financial period

and is calculated before the deduction of management and administration charges.

Average Running Costs £988,000 p.a.

CHART 7

ANNUAL NAV AND DIVIDEND PAYOUT FOR MAVEN INCOME AND GROWTH VCT 4 PLC BY TAX YEAR SINCE

INCEPTION (AS AT 30 SEPTEMBER 2017)

Source: AllenbridgeIQ

Please note that “2017/2018” represents tax year to the latest data published date. NAVs as at 15 September 2017.

* We adjust the “cumulative dividends paid since inception” bar (top left) to take into account the historic dividends paid by all the VCTs named above, by assuming one share remains following any corporate actions that have taken place. These dividend payments are weighted by their respective ratios applied to share holdings at the time of each merger/corporate action.

TABLE 13

KEY PERFORMANCE INDICATORS (AS AT 31 OCTOBER 2017)

0 05.5 2.5 2.5 2.3 3.5 4 7

2 4.75 5.1 5.2510.11

100.0 100.6

111.5

103.0

85.9 90.398.7 99.6 94.2

99.4 97.3101.1 100.0

96.4

0

20

40

60

80

100

120

140

2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18

NA

V +

Div

idend

per

Share

(p

)

Dividend per share NAV per share

80.4

0

10

20

30

40

50

60

70

80

90

2017-09-15

Cum

ula

tive

d

ivid

end

s

since

ince

ptio

n p

er

share

(p

)*

Merged with Maven and Income Growth 4 VCT plc C

shares

Merged with Maven Income

and Growth VCT 4 plc S Shares

and Ortus VCT plc

Fund Name

NAV per

Share (p)

Cumulative Dividends per Share

Since Inception

(p)

Total Fund Return* per Share Since

Inception (p)

Bid Price (p)

Bid Discount to NAV

(%)

Maven Income and Growth VCT 4 plc (ex Aberdeen Growth Opportunities VCT 2 plc)

96.4 54.5 150.9 79.5 -17.5%

Gateway VCT plc (change of manager, later merged with Ortus)

6.8 3.0 9.8 n/a n/a

Guinness Flight VCT plc (change of manager)

8.4 16.1 24.5 n/a n/a

Maven Income and Growth VCT 4 plc C Shares (merged with MIG VCT 4 O Shares)

76.8 18.0 94.8 n/a n/a

Maven Income and Growth VCT 4 plc S Shares (merged with MIG VCT 4 O Shares) (ex Aberdeen Growth Opportunities VCT 2 plc S Shares)

111.1 46.1 157.2 n/a n/a

Ortus VCT plc (ex Guinness Flight VCT) (merged with Maven Income & Growth 4)

8.4 2.6 11.0 n/a n/a


* Total Fund Return = the most recent NAV per share + the Cumulative Dividends paid per share since inception

Notes:

1. We do NOT adjust NAVs to take account of dividends that have become ex-dividend but not yet paid. The ‘Dividends per share’ column includes these dividends. Amounts are rounded to one decimal place.

2. NAVs incorporate supplementary (performance incentive) share adjustments where applicable.

3. Share prices and their discounts to NAV do not necessarily reflect the price and discount at which shares may actually be re-purchased.

4. Depending on the date of launch, some VCTs may have provided a different level of initial tax relief from that suggested in the table

headings (below).

TABLE 14

PERFORMANCE SINCE INCEPTION (AS OF 31 OCTOBER 2017)

Fund Name

IRR % per year

(without tax relief)

IRR % p.a. assuming 20% initial income tax

relief

IRR % p.a. assuming 30% initial income

tax relief

IRR % p.a. assuming 40% initial income tax

relief

Maven Income and Growth VCT 4 plc (ex Aberdeen Growth Opportunities VCT 2 plc)

3.9% 6.2% 7.6% 9.3%

Gateway VCT plc (change of manager, later merged with Ortus)

-13.3% -12.1% -11.4% -10.6%

Guinness Flight VCT plc (change of manager)

-8.9% -7.7% -7.0% -6.1%

Maven Income and Growth VCT 4 plc C Shares (merged with MAV VCT 4 O Shares)

-1.3% 4.1% 7.4% 11.4%

Maven Income and Growth VCT 4 plc S Shares (merged with MAV VCT 4 O Shares) (ex Aberdeen Growth Opportunities VCT 2 plc S Shares)

4.9% 7.5% 9.1% 10.9%

Ortus VCT plc (ex Guinness Flight VCT) (merged with Maven Income & Growth 4)

-16.1% -14.3% -13.2% -12.0%


CHART 8

MARKET POSITION RANKED BY ANNUALISED NET IRR FOR LISTED VCTS (AS 31 OCTOBER 2017)


Please note that the above chart is based on the annualised net IRR for currently listed VCTs and is based on the most up to date information available to us at the time of writing; as such there may be a maximum lag of six month due to the timing of individual VCTs’ NAV announcements.

CHART 9 ANNUALISED NET IRR (%) SINCE INCEPTION BY SINGLE SHARE CLASS (AS AT 31 OCTOBER 2017)

Source: Allenbridge and AIC

Please note: (i) the above chart is based on the annualised net IRR for currently listed VCTs and is based on the most up to date information available to us at the time of writing; as such there may be a maximum lag of six month due to the timing of individual VCTs’ NAV announcements. (ii) as the net IRRs are calculated over different time periods and over different lengths of time as they are since the inception of each VCT they should not be reviewed as directly comparable. (iii) Share classes are counted as separate investment vehicles. (iv) only VCTs that have been in existence for over 3 years are plotted.

SINCE INCEPTION

10.3%

7-YEAR

4th Quartile 3rd Quartile 2nd Quartile 1st Quartile

4th Quartile 3rd Quartile 2nd Quartile 1st Quartile

-10.1% 0.4% 3.1% 5.9%

(Median)

(Median)

-3.9% 15.9%4.5% 8.0% 10.1%

Maven Income and

Growth VCT 4 plc

3.9%

Maven Income and

Growth VCT 4 plc

6.3%

-10%

-5%

0%

5%

10%

15%

0 50 100 150 200 250 300 350 400

An

nu

ali

sed

Net

IRR

Sin

ce I

nce

pti

on

(%

)

Total Assets (£m)

VCTs Market Median (since inception) Linear (Market Median (since inception))

Maven Income and Growth VCT 4 plc

MANAGEMENT TEAM PROFESSIONALS

Name Job title Date

started Biography

Bill Nixon Managing

Partner 1999

Bill is managing partner of Maven Capital Partners UK LLP and has over 35 years’ experience in banking and private equity. He is a Fellow of the Chartered Institute of Bankers in Scotland and obtained a Master of Business Administration degree from Strathclyde University in 1996. In the 1990’s, Bill was head of the private equity business at Clydesdale Bank plc, a subsidiary of National Australia Bank, before joining Aberdeen Asset Management plc in 1999. In 2004 he was appointed as principal fund manager to all Aberdeen managed VCTs. In 2009, Bill and his senior colleagues led a management buy-out from Aberdeen to form Maven. He is a director of Maven VCT 2, Maven VCT 3, Maven VCT 4 and Maven Income and Growth VCT 6 plc.

Andrew Craig Partner 2004

Andrew is responsible for new private equity investments in Central Scotland. He joined the team in 2004, having previously been with Bank of Scotland Corporate Banking in Edinburgh, where he worked primarily on UK mid-market buy-outs, and before that spent ten years in Business and Corporate Banking at Clydesdale Bank. Andrew is a Member of the Chartered Institute of Bankers in Scotland, and of the Institute of Directors.

Andrew Ferguson

Partner 2003

Andrew is responsible for new investments in the Midlands and Southern England. He joined the team in 2003, having previously had co-responsibility for the European operations of Freedom International Inc, a Canadian investment company. Prior to that, Andrew worked for CIBC in its investment bank, structuring debt and derivative packages to fund its European investment portfolio. Andrew has an MBA, which focused on corporate recovery strategies

Jock Gardiner Partner 1999

Jock is based in North East Scotland and leads Maven’s business development across the UK. Jock joined the current team as part of Aberdeen Asset Management in 1996, and has been responsible for leading and managing private equity and mezzanine investments in the Energy Service sector since then. He has led or been involved in over 25 transactions in the Energy Service sector, and has established a strong track record for exits. He is a graduate of Aberdeen University and is a KPMG qualified Chartered Accountant.

Stella Panu Partner 2005

Stella is responsible for new unlisted investments in Central London and the South East, as well as new AIM investments and managing Maven’s AIM portfolio. She joined the team in 2005 from Seymour Pierce, where she managed a VCT and advised companies listing on AIM. She has also worked for PricewaterhouseCoopers, The World Bank and the Raifessen Investment Fund. Stella has a degree in Economics and an MA in Applied Economics.

Ryan Bevington Investment

Director 2007

Ryan is responsible for new investments in the North of England. He joined the team in 2007 from PricewaterhouseCoopers in Manchester, where he spent over eight years in the Corporate Finance Private Equity team working as an Assistant Director on a wide range of transactions. Ryan is a Chartered Accountant and

graduated from Leeds University with an LLB (Hons) Law degree.

Julie Glenny Investment

Director 2011

Julie is based in Glasgow with responsibility for transacting new mezzanine and private equity investments across Scotland. She joined Maven in 2011 following a career with Bank of Scotland where she held a number of roles in the corporate arena, including that of director of Corporate Banking which involved working with a diverse portfolio of SME connections and on a variety of transactions. Julie is a Member of the Chartered Institute of Bankers in Scotland and has an MBA from Strathclyde University.

Ewan MacKinnon

Investment Director

2009

Ewan is responsible for new and existing investments in the North and East of Scotland, as well as energy sector investments throughout the UK. He joined Maven in 2009 having previously worked for Johnston Carmichael in Aberdeen as a Manager on the Corporate Finance team, involved in a wide range of transactions. Previously Ewan was managing director of Photo Factory, Scotland’s largest independent photographic retailer, before leading the disposal to Jessops plc. Ewan graduated with a BA (Hons) in Business Studies from The Robert Gordon University in 1998, and is a Chartered Certified Accountant.

David Milroy Investment

Director 2007

David is based in the Edinburgh office and is responsible for new and existing portfolio investments in Scotland, as well as UK investments in the technology, pharmaceuticals and life science sectors. He started his career as a scientist with GlaxosmithKline and more recently worked for international consultancy firm Wood Mackenzie, where he advised clients on their corporate and licensing strategies. David has a First class honours degree in Pharmacy, a PHD (Molecular Biology/Gene delivery) from the University of Bath and an MBA with distinction from Edinburgh University.

Alan Robertson Investment

Director 2012

Alan is based in the Edinburgh office, with responsibility for supporting new private equity transactions in Scotland. Alan joined Maven in 2012 from Quayle Munro, where he helped establish a debt advisory and corporate finance business in Scotland. Prior to this Alan spent seven years with RBS predominantly working in the Aberdeen structured Finance team financing mid-market private equity transactions. He latterly had responsibility for a portfolio of large corporate and leveraged clients. Alan holds an honours degree in accountancy from the University of Glasgow, and is also a Chartered Accountant, qualifying through the TOPPs scheme during his time with Royal Bank of Scotland.

Tom Purkis Investment

Director 2015

Tom is based in Maven’s London office and is responsible for sourcing and executing private equity investment opportunities in the South of England. Tom joined the team in 2015 from Grant Thornton where he was an associate director in the M&A team in London. At Grant Thornton he advised on a wide range of private and public company transactions for both private equity and corporate clients. Prior to this Tom started his career in business restructuring before moving into transaction services. Tom graduated from the University of Durham with a BA (Honours) in Business, and is a Member of the Institute of Chartered Accountants in England and Wales (ICAEW).

Mike Collis Head of Portfolio

2001

Mike leads Maven’s portfolio management process and is responsible for generating and protecting shareholder value, exit planning and monitoring performance. He joined the team in 2001 and previously worked for Arthur Andersen, before spending five years in industry in CFO roles in the heavy engineering and textile related sectors. Mike is a Chartered Accountant and holds a practising certificate as an accredited member of the Institute for Turnaround.

Andrew Symmonds

Investment Director

2007

Andrew is responsible for new private equity investments in the South of England, as well as supporting portfolio companies across the UK and monitoring performance. He joined the team in 2007 having previously held a number of finance director and interim management roles in various industry sectors. Andrew was previously at PricewaterhouseCoopers, working in audit and transaction services. Andrew is a Chartered Accountant and graduated from Surrey University with a Joint Honours degree in Mathematics and Economics.

Martin McLaren Portfolio Manager

2013

Martin is a portfolio manager in Maven’s northern Investment Team, primarily based at the Edinburgh office and supporting portfolio companies on behalf of Maven’s client funds, with responsibility for generating and protecting shareholder value, and exit planning. He joined Maven in 2013 from Lloyds Banking Group, where he worked in the equity risk management division, providing risk oversight on the bank’s equity portfolio, and then in the corporate real estate business support unit. Martin previously spent five years with Henderson Loggie CA, where he qualified as a Chartered Accountant (ICAS) and worked in corporate finance. Martin graduated from Heriot Watt University with a MA honours in Economics and Business.

Dale Bellis Investment

Manager 2011

Dale is responsible for private equity and AIM transactions in London and the South East of England. He joined Maven in 2011, having previously spent three years working as a director of an aviation company. Dale graduated from the University of Leicester with a BA honours in Business Management. He is also a Member of the Securities and Investment Institute.

Melanie Goward

Investment Director

2017

Melanie is responsible for transacting new early-stage and technology private equity investments across the South of England and in Wales. She joined Maven in 2016 from Finance Wales, where she was fund manager for the Wales Technology Seed Fund and was part of the Technology Ventures team providing funding to businesses across a range of sectors, to help them commercialise and bring to market innovative products. Prior to this she focused on early-stage healthcare investments with Nesta Investments and Lloyds TSB Corporate. Melanie has over 15 years’ experience as a specialist in the technology, life science and biotechnology sectors. Melanie has a BA (Hons) in Natural Sciences, and a PhD in Genetics from Cambridge University.

Craig Hopwood Investment

Director 2017

Craig is responsible for transacting new private equity investments across the North of England and also works with portfolio companies in the region. He joined Maven in 2017 from HSBC’s Leverage Portfolio Management team where he was responsible for a portfolio of private equity backed businesses. Prior to this he worked at Northstar Equity Investors, where he had overall responsibility for a £48m Equity Investment Fund, and previously worked with Aberdeen Asset Management’s Private Equity team, where he was a colleague to a number of current Maven executives. Craig has a degree in Business Management from Bradford University and trained as a Chartered Accountant with Coopers & Lybrand.

Dave Furlong Investment

Director 2017

Dave is responsible for transacting new investments in the North West, and also works with portfolio companies. He joined Maven in 2017 from Infinity Debt Capital Management LLP, where he oversaw the launch and overall management of a new SME/mid-market regional debt fund and originated new private equity opportunities. Previously, he held senior positions at HSBC across London and the UK regions, before running the Leveraged Finance business in the North West, responsible for the origination, execution and monitoring of a £500m portfolio of leveraged facilities across a wide range of transaction sizes and types. Dave has an MBA from the University of Liverpool.

Michael Vassallo

Investment Director

2017

Michael is responsible for new investments across the North East of England. He joined Maven in March 2017, from FW Capital in Newcastle where he spent five years in their SME Investment Team leading transactions across the North East. Previously, Michael worked at Brewin Dolphin in Newcastle and London, working in the Investment Banking team as an associate director on a range of listed company fund raisings. Michael qualified as a Chartered Accountant (ACA) with Ernst & Young in 2002, having graduated from Oxford University with an MA (Hons) in Mathematics.

Michael Dickens Investment

Director 2017

Michael is responsible for new investments across the North East of England. He joined Maven in March 2017 from Rivers Capital Partners in Newcastle where he was a venture investor for over six years. Michael was previously responsible for the management of the £11m North East Angel Fund, and also made a number of investments on behalf of the £7.5m Micro Loan fund. His recent experience includes investments and board observer positions across a range of sectors, including manufacturing, engineering, automotive and app development. Michael is IMC/CFA qualified. He has a PhD in Pharmacy from the University of Nottingham, and a Masters in Chemistry from the University of Leicester.


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