The objective of the Fund is to invest in companies eligible for EIS Reliefs that may have previously received investment from Symvan SEIS Funds and have reached a milestone where additional funding is necessary and appropriate.
The Fund offers investors access to an opportunity to invest in growth technology companies operating across a number of different business sectors. Portfolio Companies will be selected on the basis of their potential to deliver revenue growth and attractive returns to investors.
The Fund will invest in a number of companies across a range of different technologies, predominantly software deployed in verticals such as fintech, InsureTech, HR tech, and immersive technologies such as virtual and augmented reality. The Fund will invest in Qualifying Companies typically requiring between £0.25m and £2m in development capital early-stage investment.
The exit of investments will be via an initial public offering (IPO), trade sale or possibly a management buyout (MBO). The anticipated term in line with EIS is 5-7 years. The investment case presented pre-completion of each individual investment will include likely exit routes. This may on occasion highlight specific targets for exit, for example a potential trade buyer. This is indicative only and does not provide any certainty of exit inside the indicated timescales or at a specified price. The Enterprise Investment Scheme does not allow for exit arrangements to be made at the time an investment is place. Instead, the Service will start to look in more detail at potential exit routes from the end of year 2 and beyond. Our in-house Research and Origination Team have a specific role in preparing our investee companies for exit. This process is critical to the initial investment rationale and continues throughout the investment term.
Symvan Capital Limited (“Symvan”) is a UK provider of tax efficient investment solutions and a Fund Manager of several funds investing in dynamic technology companies. Symvan Capital was established in 2013 and the sister company - Symvan Securities - is a corporate finance advisory firm which has been working with technology companies since 2010. The Symvan Group distinguishes itself through its deep ‘life-cycle’ approach to identifying and nurturing the potential technology stars of the future, whereby Symvan’s SEIS funds ‘seed’ a business, followed by an angel round of financing and further investment through Symvan’s EIS funds.
For further information please visit www.symvancapital.com
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 | 2.00% (up to 5 years) + Director Fee |
Performance Fee | 20% | n/a |
Other Fee Information | n/a | n/a |
Kuber receives a fundraising fee of 1.0% from the manager. Kuber will return this fee to Investors by applying it to their Subscription amount thereby increasing their investment.
Alternative Investment Fund
£2.85 for every £1 invested
Private Equity EIS
Technology
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