Ingenious Music VCT 2 plc closed on the 5th April 2006 raising £26.5 million making it the largest specialist VCT listed on the London Stock Exchange at the time. This was our second offering in the music industry following the successful launch of Ingenious Music VCT plc earlier in 2005.
Both funds invest in a portfolio of companies responsible for the creation and exploitation of intellectual property rights. Ingenious works with leading music industry executives to locate and develop the careers of artists, many of whom have attracted the attention of major record companies.
In addition to the highly attractive tax benefits available, these funds are designed to offer significant downside protection as well as the ability to generate significant additional income from the worldwide exploitation of artists' recording and ancillary rights.
Ingenious Music VCT 2 has made a number of investments in the music sector and is well positioned to be fully committed within its required timescales.