The AngelPlus Fund is an evergreen fund (with options for EIS or SEIS) facilitating access to high growth UK-based technology companies.
The Fund target length is five years, by which time the investments will be either liquidated or, with the reasonable discretion of the investment committee, as soon as practically possible thereafter with regard to seeking good value and orderly exits for the investors. Exits are likely to take the form of trade sales, flotations, secondary finance, MBO’s and Company buy backs, and potentially auction of non-core intellectual property.
Boundary Capital Partners LLP
Boundary Capital Partners LLP
Boundary Capital was set up in 2009 initially from a network of business angels to become a venture capital company focusing on early stage technology investments and with a pro-active approach. The Company’s headquarters are in London and it covers investments throughout the UK.
Using a unique “Venturer” model, Boundary provide funding and commercial assistance, including business development. They have a network of over 300 investing directors with specific expertise who can help open doors with customers and partners, as well as advise and help shape and develop businesses.
There are currently no fees payable by investors; fixed management fees are paid by the investee companies to the fund.
VAT - The fees and charges described above are exclusive of VAT which will be added where applicable.
The Scheme is structured as an Alternative Investment Fund
Target net-of-tax average annual return of 25% (enhanced up to 50% depending on the investor’s tax position) based on an average holding period of five years.
Private equity (SEIS)
Technology and life sciences
4 to 8 companies per investor
The Nominee: Woodside Nominees Limited
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