Pembroke VCT

Andrew Wolfson serves as Chief Executive Officer and leads the firm's investment activities. The investment team sources and manages a concentrated portfolio of UK consumer and lifestyle companies under the specific guidelines of the Venture Capital Trust legislation.

Pembroke is structured as a UK Venture Capital Trust, a publicly listed investment vehicle that provides tax relief to investors. This structure requires that at least 80% of the fund's assets be invested in qualifying trading companies, meaning Pembroke's portfolio is inherently weighted toward early-stage, unquoted, or AIM-listed UK businesses, primarily in the consumer sector.

Pembroke focuses on early-stage to growth-stage equity investments, typically deploying between £1 million and £5 million per company. The firm concentrates on UK consumer-facing businesses, spanning digital health, premium food and beverage, and broader lifestyle and wellness brands.

Pembroke VCT makes direct equity investments into individual portfolio companies. Its VCT mandate and strategy are built around direct holdings in qualifying trading companies rather than a fund-of-funds approach or secondary primary partnerships with other general partners.

Pembroke VCT operates strictly as an asset manager running a publicly listed Venture Capital Trust fund. It is not a family office, and its capital derives from a combined base of retail and institutional investors who subscribe to the VCT to access its portfolio and the associated tax advantages.