This Fund invests in companies run by founders who see building business as their life’s mission. Investee companies typically (but not always) have started selling their product or service and need funding to help them grow quicker.
The ultimate goal for each portfolio company is to achieve an exit event, to allow the Vala EIS Portfolio to produce a profitable return to Investors. The companies may be acquired by other parties (such as a bigger company in the same industry or a private equity firm) or listed on a stock exchange. At the time of the initial investment, it is impossible to know how long a company might take to reach an exit. However, Vala Capital and the Investment Manager will work closely with the companies during any exit process.
Sapphire Capital Partners LLP is headed by Boyd Carson, who is a Fellow of the Institute of Chartered Accountants and a former director of PwC in New York and Vasiliki Carson, formerly of Goldman Sachs in New York and Tokyo.
At the heart of the Vala EIS Portfolio is a team of seasoned and successful entrepreneurs. Over decades of experience in industry and international finance, they have created, built and sold numerous innovative businesses around the world. The Vala EIS portfolio invests in tranches throughout the year. For each tranche, Vala completes investments into a number of companies within the space of a few days. This means Investor’s capital is typically fully deployed soon after they subscribe. It also means Vala can usually provide Investors with information about the specific companies that they will become a shareholder in, before they take the final decision to invest.
The Fund invests 100% of each Investor’s subscription into EIS- qualifying companies, collecting an initial fee from the companies rather than from the Investor. There are also no annual management fees, and no additional transaction or hidden arrangement fees - just a performance fee, designed to make sure the Fund’s interests are aligned with its investors.
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 | n/a |
Performance Fee | 20%* | 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
£2 for every £1 invested
Growth EIS
Generalist
6 to 10 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