SidebySide EIS Venture Fund invests in fast-growing technology enabled businesses with £1 - 10 million in revenue.
– Focus on more established but fast growing, EIS businesses already making at least a million in revenue before we invest.
– Strong track record of the Funds founder John Bailye, a serial entrepreneur who has helped grow and build a number of successful multimillion and a billion-dollar business.
– Hands on model, we spend up to two days a month with each portfolio company helping to ensure they reach their potential.
– Co-investment: we believe in what we do and so have and will continue to invest our own money in the Fund to align our interests with that of the Fund investors.
– To allow for tax relief on 100% of the investment we do not charge any of ourfees to the investor. Investors will only pay performance fees once 150% of their invested funds have been returned.
– Carry back available for 2019/20 tax year (until 1st April 2021). Tax relief on 100% of subscription*
Our preference is to plan our exits well in advance, ideally via a trade sale. To ensure we get the best price from a potential acquirer, we plan to address all known internal or client issues well in advance and to set up robust governance structures and processes. Only then can we command the best price for our asset. This is a process that benefits the founders, employees and Investors.
Sapphire Capital Partners LLP (“Sapphire”) is a multi-award-winning firm based in London and Belfast which specialises in SEIS and EIS funds.
Sapphire currently manages over fifteen SEIS and EIS funds across a wide variety of sectors, bringing the partners’ expertise in investment management, corporate finance, accounting and taxation to the funds in the most cost-effective way possible. The partnership, founded in 2009, is authorised by the FCA (FRN: 565716) to act as an investment manager. Sapphire’s services are delivered by a highly experienced team that provide quality services in a cost-efficient way. The individuals behind Sapphire have a considerable breadth of knowledge in the financial sector.
The SidebySide Partnership is a UK based EIS Venture Capital firm that specialises in taking proven high-potential technology companies, already making millions of pounds in revenue, and developing them into successful commercial businesses. We do this by combining capital investment with decades of experience building private, public and international businesses.
Fee type | Fees charged to Investor (including VAT) | Fees charged to Investee Companies (including VAT) |
---|---|---|
Initial fee | 0% | 5% |
Annual management fee | 0% | 2% |
Transaction fee | 0% | 0.5% |
Performance fee | 30% of any distribution to investors above a hurdle rate of £1.50 per £1 invested* | n/a |
Other fee information | n/a | Up to £10,000 due diligence/legal cost recovery per investment 1% in Warrents (of the value of each capital raise)** |
*Leveled on investment return
**A warrent is a security that entitles the holder to buy underlying shares of the issuing company at a fixed price. This is part of the SidebySide reward program for employees and advisers working on the investment.
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
£3 for every £1 invested
Venture Capital EIS
Technology
Up to 10 investee companies (investment in 3-5 companies per deployment)
Custodian: Woodside Corporate Services Limited
Nominee: WCS 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