RAM Capital is the UK's largest independent promoter of VCTs, EISs and SEISs — giving financial advisers access to a carefully curated range of tax-efficient investment solutions since 2007.
Important: This website is directed at professional financial advisers only and should not be distributed to, or relied upon by, private investors or retail clients. Investors' capital is at risk. Tax reliefs are subject to change and their value depends on individual circumstances.
Current Offers
Tax-efficient investment solutions
A carefully selected range of EIS, SEIS and VCT products from established fund managers — each independently assessed for quality, track record and adviser suitability.
VCT● Closed
Gresham House
Baronsmead VCTs
The Baronsmead VCTs are among the limited number of VCTs adopting a 'hybrid' strategy, investing in high-growth unquoted, AIM-listed, and other publicly traded companies. Their portfolios are aligned, with both VCTs co-investing alongside one another.
StructureAnnual Fundraise
StageEarly stage & growth
SectorsTechnology, Healthcare, Consumer
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VCT● Closed
YFM Equity Partners
British Smaller Companies VCTs
The British Smaller Companies VCTs (together the BSC VCTs) play a meaningful role in supporting the development of ambitious, early-stage businesses right across the UK, from YFM's five regional offices.
StructureAnnual Fundraise
StageEarly stage & growth
SectorsSoftware, Cloud, Media, Business Services
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KI EIS● Closed
Molten Ventures / Encore Ventures
Molten Ventures Approved KI EIS 2025–26
Molten Ventures EIS backs visionary founders building the next generation of high-growth tech businesses. Managed by Encore Ventures LLP, the Fund draws on the strength of the wider Molten Ventures platform—gaining access to top-tier deal flow, deep sector expertise, and hands-on support.
StructureAnnual Closes
StageSeries A & beyond
SectorsEnterprise & SaaS, Consumer, Digital Health, and Hardware & Deep Tech
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EIS● Open
Molten Ventures / Encore Ventures
Molten Ventures EIS
Molten Ventures EIS backs visionary founders building the next generation of high-growth tech businesses. Managed by Encore Ventures LLP, the Fund draws on the strength of the wider Molten Ventures platform—gaining access to top-tier deal flow, deep sector expertise, and hands-on support.
StructureQuarterly Closes
StageSeries A & beyond
SectorsEnterprise & SaaS, Consumer, Digital Health, and Hardware & Deep Tech
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VCT● Open
Molten Ventures
Molten Ventures VCT
Molten Ventures VCT plc is a long-established and successful venture capital trust, managed by Elderstreet Investments—one of the UK's most experienced VCT managers. Focused on high-growth, knowledge-intensive technology businesses, the VCT offers investors access to a strong, diversified portfolio alongside the potential for tax-free dividends and other VCT tax benefits.
StructureAnnual Fundraise
StageSeries A & beyond
SectorsEnterprise & SaaS, Consumer, Digital Health, and Hardware & Deep Tech
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VCT● Closed
Pembroke Investment Managers
Pembroke VCT
Growth-stage VCT backing ambitious founders in consumer brands, lifestyle, food & beverage, wellness and digital businesses across the UK.
StructureAnnual Fundraise
StageGrowth stage
SectorsConsumer, Technology & Business Services
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SEIS● Open
SFC Capital
SFC Angel Fund SEIS 2026/27
Startups across a broad range of sectors at the forefront of the innovation economy, particularly focusing on areas like ClimateTech, HealthTech, DeepTech, and B2B Software for their high-value potential.
StructureQuarterly Closes
StagePre-seed / Seed
SectorsClimateTech, HealthTech, DeepTech, B2B
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Documents & Marketing Material
Tick the documents above you'd like, add your email, and we'll send you the links.
For more information on this product, speak directly to the RAM Capital team.
The UK's leading independent tax-efficient promoter
For nearly two decades, RAM Capital has been the trusted distribution partner for financial advisers seeking quality VCT, EIS and SEIS investment solutions.
Founded by Lenny Norstrand in 2007, RAM Capital Partners LLP was established with a singular purpose: to give professional financial advisers access to the best tax-efficient investment opportunities in the UK market.
We do not give investment or tax advice. What we do is bring rigorous product selection, deep sector knowledge, and 19 years of relationships in the VCT and EIS market to bear on behalf of the advisers we work with.
As of April 2026, RAM Capital had raised approaching £2.6 billion through 200 independent offers, achieving on average 82% of maximum funds sought.
Curated product selection
We work with a focused range of established fund managers — not a directory. Every product on our platform is one we know well.
Adviser-first relationship
Our entire model is built around the professional adviser. We provide the information, introductions, and support you need.
19 years, £2.6bn raised
200 offers, averaging 82% of maximum funds sought — built on consistent quality of product and depth of adviser relationships.
The Team
Experienced specialists, directly accessible
Our small, senior team has decades of experience in tax-efficient investing. You will always deal with a principal — never passed to a junior or a call centre.
Lenny Norstrand
Founding Partner
Lenny has 31 years experience in the City, (promoting VCTs since 1999) having started his financial career as an institutional broker at Société Generale in 1994. Later he worked as a Manager at Noble & Company in their Corporate Finance Division. In 2002 Lenny was appointed Divisional Director of Corporate Finance at Brewin Dolphin Securities where his main role was to establish and head the Brewin Dolphin Tax Solutions team. Lenny founded RAM Capital Partners LLP in 2007.
Matt has worked in the City since 1982 and has been promoting VCTs since they were born in 1996. Matt began life in finance with Medical Sickness, Prudential and Guinness Flight, ran his own IFA practice before becoming Marketing Manager with Downing promoting VCTs and EISs. Matt was Head of Intermediary Sales at Close Investments before becoming a partner at RAM in 2007. Matt is a Fellow of the Chartered Institute for Securities & Investment.
Jane graduated from the College of St Paul and St Mary in Cheltenham with a B.Ed. degree in Physical Education. She taught PE before retraining to become a primary school teacher at Homerton College in Cambridge. She then taught for many years in a local preparatory school in Chelmsford. Whilst bringing up her family she also worked in the family sportswear business. Having always wanted to work in London, and seeking a career change, Jane joined RAM Capital Partners as PA in 2014.
Whether you are researching the market for the first time or looking to place a specific client allocation, Lenny or Matt are available to talk you through our current offers, answer questions on any product, or arrange a direct introduction to the fund managers.
A centralised resource hub for all current RAM Capital products — reports, factsheets, NAV histories, dividend records and portfolio data, sourced directly from fund managers.
Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.
Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.
Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.
Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.
Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.
Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.
Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.
How RAM Capital Partners collects, uses and protects the personal information we hold about you.
Important: This website is directed at professional financial advisers only. Investors' capital is at risk.
Our Commitment to Your Privacy
RAM Capital is committed to safeguarding the data that we hold about you or your business. How we use the information that we have recorded for you is set out below. Please note that by visiting the RAM Capital website, you are accepting the practices described in this notice.
The RAM Capital privacy policy may change periodically to keep up to date with market and regulatory changes. The current version was implemented on 3rd May 2018.
Information Held by RAM Capital
When you visit our website, we may collect information that helps us understand how visitors navigate the site and make relevant changes to it. This information does not allow us to trace the specific identity of a website visitor.
What personal information do we collect? We may collect information such as name, job title, company name, postal address and e-mail address. We do not collect or store any information relating to non-business contacts.
How Do We Use Your Personal Information?
We will use information that you provide to fulfil requests for product information and to ensure that you are kept advised of any material changes to such products such as a new issue or an imminent closure and/or related products or services that you have requested from us.
Legitimate Business Interests
We may also store your personal information for legitimate business interest. This includes some or all of the following:
To provide postal communications which we think will be of interest to you
To provide email communications which we think will be of interest to you
To provide opportunities to meet with relevant fund managers or to hear about new investment ideas
To determine the effectiveness of our promotional campaigns
We will NOT disclose, pass on or sell your data to any third party – the only exception is where we use the services of another organisation such as for the fulfilment of our email marketing newsletters.
Access
You have the right to request details of the information that we hold about you by calling 020 3006 7530 or emailing taxsolutions@ramcapital.co.uk. You may ask us to correct or remove information you think is inaccurate.
This offer is closed to new subscriptions. Leave your email and we’ll let you know as soon as it reopens.
Get in Touch
Speak with the RAM team
Our distribution desk is available Monday to Friday, 9am to 5pm. We're happy to discuss any of the offerings on this site or arrange a meeting at your convenience.
