Puma VCT 9 plc is a venture capital trust managed by Puma Investments specializing in making qualifying and non qualifying investments in small and medium-sized British companies. The fund does not invest in hedge funds or funds of hedge funds. It seeks to make qualifying investments in well-managed, established, unquoted companies in the United Kingdom, primarily in the form of secured loans, offered together with ordinary equity, preference shares, loan stocks, convertible securities, and fixed interest securities. The fund co-invests with other funds managed or advised by Shore Capital Group. The fund also invests in stocks that are quoted on AIM and these investments are primarily held as ordinary shares.