SideBySide Later Stage EIS Fund

Investment Objective

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 SidebySide USP

  • High-touch model: we self-limit to eight Investee Companies simultaneously and meet with each of our companies at least 2 days a month to ensure each company is a winner.
  • Co-investment by the Side by Side Partnership: members of the Side by Side Partnership may independently co-invest their own capital in up to 10% of the Fund.
  • Lower Fees: We have the highest performance hurdle in the market (160%) and then a second hurdle at 400%. This is to show how serious are ambitions are about making exceptional returns for our investors. Investors also pay no initial fees, no admin fees or annual management fees so they retain 100% of their EIS benefit.
  • Experienced Management: The SBS Later Stage EIS Fund is led by John Bailye, a serial, large and small company entrepreneur. John’s previous experience includes founding and building a billion-dollar business from start-up which grew to over $420million in revenue by 2006 (formerly on Nasdaq: DRTE); helping turn around a hospital pharmaceutical company into a net $125 million sale. John is supported by world-class mentors and advisers, all of whom are serial successful entrepreneurs in their own right. Each of them brings their unique expertise to support the companies that the Fund invests in.

Exit Strategy

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.

Fund Manager

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.

Fund Provider

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

 Fees charged to Investor
(including VAT)
Fees charged to Investee Companies
(including VAT)
Initial feen/a 3.00%
Annual feen/a 2.00%
Performance fee20% (33%)*n/a
Other fee informationn/a 0.50% - dealing charge
*Performance Fee

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 Special Arrangements

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.

For further information please do not hesitate to contact us on:
+44 (0) 20 7952 6685
info@kuberventures.com
www.kuberventures.co.uk

Fund at a glance

Scheme Categorisation

Alternative Investment Fund

Target Return

£3.70 for every £1 invested (after 8 years)

Scheme Strategy

Venture Capital EIS

Investment Sector

Technology

Target Diversification

3 to 8 investee companies

Nominee & Custody Arrangements

Custodian: Woodside Corporate Services Limited

Nominee: WCS Nominees Limited