Closed!

Scheme Name

OxTech Asteroid SEIS Fund

How is the Scheme categorised

The Scheme is structured as an Alternative Investment Fund and the Fund Prospectus can be given on request.

Investment Objective

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.

Target Return

6.66% p.a. as the hurdle rate of the Fund

Target Diversification

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.

Scheme Strategy

Private Equity SEIS

Investment Sector

Technology

Exit Strategy

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.

Fund Manager

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/

Fund Provider

Amersham Investment Management Ltd

Fees

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.

Specific terms:

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

Nominee & Custody Arrangements

The nominee is Woodside Nominees Limited, the Custodian is Woodside Corporate Services Limited.

Zapisz