Open for investment
Puma VCT 13
VCT focused on scale-up venture companies while aiming to provide the full range of VCT tax reliefs, with over £195 million in assets.
Help clients support UK scale-ups and provide access to VCT tax benefits
Puma VCT 13 targets compelling returns by investing in UK scale-up businesses and driving them towards profitability and transformational growth. It aims to deliver long-term investment growth while providing valuable tax reliefs, including up to 20% income tax relief, tax‑free dividends and 0% Capital Gains Tax1.
With over £195 million in assets and 25+ qualifying companies in the portfolio, including recent additions YASO and HubBox, this VCT gives your clients access to a diverse portfolio of high‑growth businesses.
of the £20 million over-allotment raised
With the initial £50 million fund capacity now fully allocated, the Board has approved an over‑allotment facility of up to £20m.
Apply early to allow time for onboarding and allotment.
Three reasons to recommend
Backing ambitious UK scale-ups
with proven market traction
We aim to support ambitious UK scale-ups with established market traction. By concentrating on businesses that have moved beyond the uncertain start-up stages, we seek to the risks and volatility often associated with start-ups
Delivering strong risk-adjusted
returns for investors
The VCT delivered top-quartile Net Asset Value (NAV) plus dividend growth, with strong exits and attractive tax-free dividends. It ranked in the top quartile when compared against over 40 generalist VCTs, over a five-year period for NAV total return
Source: AIC, 31 August 2025
Enhancing the shareholder
experience beyond returns
We aim to provide first-class support for you and your clients, enhancing the experience well beyond investment returns and tax relief. We offer 50+ support staff, 24/7 online access to investments via the Puma Portal and a share buyback policy
Watch our conversation with Defaqto
In this 15-minute video, Sally Boyle, Chief Sales Officer at Defaqto, and Rupert West, Managing Director at Puma Growth Partners, take a closer look at Puma VCT 13.
Puma VCT 13 in numbers
Source: Puma Investments. Figures correct at March 2026.
22.5p
dividends paid to date
£195 million+
net asset value
£40 million
invested into new portfolio companies in last 18 months
25+
qualifying companies in the portfolio
2017
Puma VCT 13 was launched
A closer look at performance
VCTs are designed to provide shareholders with regular, tax-free dividends that can provide an attractive, additional income.
Since 2021, the VCT has paid a total of 22.5p per Ordinary Share, including 3p paid in March 2026. It seeks to achieve an average dividend payment of 4.5p per Ordinary Share over five years. This can vary, however it's anticipated that dividends will also be generated when we exit portfolio companies or income is generated from investments.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
| NAV + total dividends | 111.08p | 129.51p | 142.83p | 147.68p | 144.06p | 140.78p |
Puma VCT 13 latest published Net Asset Value (NAV) per Ordinary share as of 31 August for each year (unaudited) and dividend per Ordinary Share data for the 12-month period preceding 31 August for each year.
Past performance is not a guarantee of future results. Share prices and their values can go down as well as up. The payment of any dividends is not guaranteed, and any such payments may erode the capital value of any underlying investment.
Upcoming Share Buyback
The Share Buyback Policy allows Shareholders who have held their shares for five years or more, to sell their shares back to the VCT at a discount of 5% to the latest published NAV.2
Deadline to dematerialise certificated shares – 22 July 2026
Deadline for sale order to be submitted by – 28 July 2026
Proposed buyback date – 29 July 2026
Enhancing the shareholder experience
Puma Portal
Keep up to date
Stay informed with the latest updates, including regulatory announcements, financial reports and shareholder meeting results
Loyalty discount
Existing Puma VCT 13 shareholders have an exclusive 1% loyalty discount on the initial fee when they make additional investments in any Puma VCT
A simple way to sell shares
Shareholders who have held shares for five years, or more, can request to sell them back to the VCT at a 5% discount to the latest published NAV2
Reinvesting dividends
Offer your clients a smart way to continue growing their investment by reinvesting their cash dividends back into new Puma VCT 13 shares
Explore our portfolio of investments
FAQs
We're here to help
With more than 30 Business Development Managers across the UK and over 20 Client Relations and Operations specialists, we're here to give you practical guidance and seamless service at every stage of the investment journey.
Use our search tool to find your local manager and get personalised support.
Further information
For all performance data: Puma Investments. Figures correct at 20 March 2026, unless otherwise stated, and may be subject to rounding errors.
1 Tax reliefs are not guaranteed, depend on individual circumstances and are subject to change.
2 Buybacks depend on regulations, market conditions, and the Company having sufficient funds and distributable cash reserves, and remain at the discretion of the Board.
Risk factors
An investment in Puma VCT 13 carries risk and you should take your own independent advice. You should only invest in Puma VCT 13 on the basis of the prospectus which details the risks of the investment. Below are the key risks.
Tax reliefs: Tax reliefs are not guaranteed, depend on individuals’ personal circumstances and a five-year minimum holding period, and may be subject to change.
Liquidity: It is unlikely there will be a liquid market in the Ordinary Sshares of Puma VCT 13 and it may prove difficult for investors to realise their investment immediately or in full.
Capital at risk: An investment in Puma VCT 13 involves a high degree of risk. Investors’ capital may be at risk.
General: Past performance of Puma Investments in relation to its other VCTs is no indication of future results. The payment of dividends is not guaranteed. Investors have no direct right of action against Puma Investments. The Financial Ombudsman Service/the Financial Services Compensation Scheme are not available.
Figures on this page are taken from Puma Investments and are correct as of 15 April 2026 unless stated otherwise.