The Fund seeks to leverage Newable’s unique corporate infrastructure and the extensive eco-system built by Newable and London Business Angels over the last 35 years.
Bringing together the best entrepreneurs, partners and investors to invest in and help scale high-growth businesses.
The Fund Manager targets the funding gap that exists for businesses which have de-risked their technology, developed traction with customers and now seek funding to scale their commercial operations.
The Fund aims to provide investors with a diversi-fied portfolio of 7-10 EIS qualifying investments per subscription across our key sectors; SpaceTech, Life Sciences, Automation and Electronics.
The Newable Investment Committee has over 100 years of combined investment experience with a track record of making successful investments across the Innovation and Technology space.
Latest returns update:
The fund will endeavour to realise investments whenever it is commercially prudent to do so. The fund targets realising investments in a 5-8 year time-frame. Exits are anticipated to come from either i) a secondary share sale to a next stage investor i) a trade sale to a corporate investor or iii) a main market listing
Larpent Newton is a venture capital firm specialising in seed, start-up, and early stage companies. The firm focuses its investments in both quoted and unquoted companies. Additionally, the firm seeks to work in collaboration with companies in fund management, business development tools and services, bargain trading, and market making and underwriting sectors.
Newable is a leading provider of serviced office, advisory, lending and equity solutions to some 12,000 SMEs per annum. Benefitting from the expertise of circa 220 professionals, the Newable EIS Scale-Up Fund 3 has a unique infrastructure from which to originate, undertake due diligence, execute, support, monitor and ultimately exit investments.
Newable is independently recognised as one of the UK’s leading investment networks and draws on a 35 year trac record (bolstered by the acquisition of London Business Angel in April 2017) as well as long term partnership with the UK government and business community.
Fee type | Fees charged to Investor | Fees charged to Investee Companies |
---|---|---|
Initial Fee | up to 4% + £30 compliance charge (per application) | n/a |
Annual Management Fee | 1.20% (first year only) | 1.50% annual monitoring fee on investments |
Performance Fee | 20% (+VAT) of the exit proceeds above a 1.1x hurdle | n/a |
Other Fee Information | Dealing charge of 0.25% of the value. | Transaction fee of 3.5% upon successful completion of investments. |
The Scheme is structured as an Alternative Investment Fund.
20% IRR / 3x capital
Private Equity
Technology
7 to 10 investee companies
The Nominee: Woodside Nominees Ltd
The Custodian: Woodside Corporate Services Ltd
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