In return for subscribing to the Fund, Jenson seek to provide Investors with:
There is and can be no guarantee of any exit but Jenson will seek to realise Investments over a period of four to seven years. Jenson will look to employ a variety of appropriate exit strategies on behalf of the Fund including trade sales to other companies in the same sector or industry as the investee company, listing on a stock exchange or by selling its share of the investee company to larger private equity firm. Jenson has a track record of SEIS exits with six to date, the highest return being 4x investment, with earnouts this could potentially reach a 12x return (before tax incentives and performance fee).
Jenson Funding Partners LLP (Jenson) was founded in 2012 by Paul Jenkinson and Sarah Barber from Jenson Solutions Ltd (a network of Finance Directors who continue to provide support to the investee companies). Since 2012, Jenson has launched five SEIS and four EIS Funds. They are now on their 10th tranche and have invested £16 million in 100 entrepreneurial UK businesses which have typically launched their product or service and are typically close to or post revenue. In addition, the EIS Fund has supported 20 follow on funding rounds, all at premium to initial launch cost. Jenson has recently become FCA authorised. Jenson utilises the skills of the Jenson Solutions Partners as well as external consultants on a regular and constant basis to enrich the investment process and ongoing support for the investee companies. We have access to over 15 partners who have experience across a range of financial and sector situations.
Fee type | Fees charged to Investor (including VAT) | Fees charged to Investee Companies (including VAT) |
---|---|---|
Initial fee | n/a | 6.00% |
Annual management fee | n/a | £420 per calendar month |
Performance fee | 30% (with a hurdle rate of 120p per 100p invested) | n/a |
Other fee information | n/a | n/a |
Kuber investors receive a fundraising fee of 1% from the manager, Kuber will return this fee to investors by applying it to their subscription amount thereby increasing their investment.
Alternative Investment Fund
£1.85 for every £1 invested
Private Equity
Generalist
5-10 investee companies
Custodian: Thompson Taraz Managers Limited
Nominee: TT 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