The SidebySide (SBS) Later Stage EIS Fund is a new EIS Fund specialising in taking proven high-potential companies, and by using our expertise, develop them into successful commercial businesses.
The expected holding period of most investments will be between the minimum three years (for tax conditions) and up to eight-years. Investors should expect to hold their Investments for up to eight years, but attractive realisation opportunities may occur sooner, and some Investments may be held longer. Following the realisation of the Qualifying Shares in each Investee Company, the realisation proceeds will be paid to the Investors net of any accrued but unpaid fees (including performance fees).
We aim to sell our stake in our companies (or part of it) into private capital through our network of HNWI and Family Offices to ensure we get as little dilution as possible. We may also seek to IPO our companies or sell after year four if our founders request it.
The SidebySide (SBS) Later Stage EIS Fund is a new EIS Fund specialising in taking proven high-potential companies, and by using our expertise, develop them into successful commercial businesses.
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.
Fees charged to Investor (including VAT) | Fees charged to Investee Companies (including VAT) |
|
---|---|---|
Initial fee | n/a | 3.00% |
Annual fee | n/a | 2.00% |
Performance fee | 20% (33%)* | n/a |
Other fee information | n/a | 0.50% - dealing charge |
Net cash returns to investors of £1.60 per £1 invested, before a performance incentive of 20% of profits above this hurdle becomes payable; and
Net cash returns of £4 per £1 invested, before a performance incentive of 33% of super profits above this hurdle becomes payable.
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
£3.70 for every £1 invested (after 8 years)
Venture Capital EIS
Technology
3 to 8 investee companies
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