OxTech Asteroid SEIS Fund
The Scheme is structured as an Alternative Investment Fund and the Fund Prospectus can be given on request.
The Asteroid Series are a range of SEIS Funds managed by Amersham Investment Management each specially designed and purposed for qualified investors to gain exposure to curated groups of early-stage companies operating in specified sectors. The OxTech Asteroid SEIS Fund aims principally to co-invest in certain companies alongside Oxford Technology Management (OTM) – i.e with Lucius Carey and his team – Lucius Carey is a very experienced and well regarded member of Oxford’s technology and venture scene, whose has been a successful and active investor for many years.
6.66% p.a. as the hurdle rate of the Fund
The Fund will seek to invest in average tranches of £100k across 10 -15 companies and 3-5 sectors by co-investing with OTM and/or specialist PE Firms looking to build a bigger portfolio of interests by working with an Asteroid Series Fund than otherwise might be appropriate on their own.
Private Equity SEIS
Technology
Typically SEIS Funds are able to command a good sized stake in the investee company which can be utilised as part of the exit strategy (if desired) when the investee company seeks additional follow-on Funds. Otherwise the choice of investee company is determined by those with exits in their strategic plan and vision.
Amersham Investment Management Ltd
Amersham Investment Management Ltd (AMIM) FRN 507460 was established by Paul Barnes and Michael Waller-Bridge in 2009. Regulated as an Investment Manager since 2012, AMIM provides professional and empathetic Investment Management to promoters and other regulated professionals, as well as the development and management of their own branded EIS & SEIS Funds. For further information please visit: http://amim.co.uk/
Amersham Investment Management Ltd
2.5% establishment and initial fees, 2% administration fee per annum. Unless otherwise advised,
these fees are not recharged to the Companies and is a cost borne by the Investor through their account.
Provider fee rebate
Paid into the Administrator subscription account and returned to investors as either bonus shares or cash rebate. 1%
Ongoing fee (payable to Kuber, VAT payable)
Paid directly to Kuber for services provided in administering portfolios
0.5%
Facilitated adviser charge
Where your scheme has a built-in adviser charge, this is to be paid to Kuber who will facilitate payment to the adviser
The nominee is Woodside Nominees Limited, the Custodian is Woodside Corporate Services Limited.
Zapisz
An investor qualifies as an High Net Worth investor if they have
(a) An annual income to the value of £100,000 or more;
(b) Net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(i) the property which is their primary residence or any loan secured on that residence;
(ii) any rights under a qualifying contract of insurance within the meaning of the Financial
Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of their service or death or retirement and to which they are or (or their dependants are), or may be, entitled.
An investor qualifies as ar Self-Certified Sophisticated Investor if at least one of the following applies:
a) they are a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below
b) they have made more than one investment in an unlisted company in the two years prior to the date below
c) they are working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium sized enterprises
d) they are currently, or have been in the two years prior to the date, below a director of a company with an annual turnover of at least £1 million