At Symvan Capital, we enter into each SEIS investment with the aim of applying our Life Cycle Approach..
We conduct stringent due diligence even at this early stage, because we are looking for future industry winners.
We will not invest in a company unless it can demonstrate the potential to return ten times our investment within a reasonable time frame. Only prodigy companies need apply.
The Symvan Technology SEIS Fund 3 (“the Fund”) has been established to enable investors to invest in technology companies with high growth potential. Symvan Capital considers that companies operating in the technology sector that have high growth potential, which also qualify for SEIS tax reliefs and which fit with the Fund’s focussed investment criteria have the potential to offer investors very robust returns.
We focus exclusively on identifying and investing in companies with strong growth potential, displaying experienced and reliable management teams and a clear path to a plausible exit of at least ten times return on the original investment.
The Fund will take a long-term view on the Portfolio Companies and will aim to look at the possibility of facilitating a Portfolio Company exit after it has been held for at least three years by the Fund’s subscribers, thereby ensuring, wherever possible, that the Investment has met one of the key qualifying conditions necessary for Investors to obtain the relevant tax reliefs. However, there may be occasions where an earlier sale is a commercially sensible decision and this sort of speed of movement is not atypical of the technology sector.
It is anticipated that most exits from Qualifying Investments in Portfolio Companies will take place after they have been held for five to seven years, although some could take less or more depending on market conditions and the nature of the Portfolio Companies.
Symvan Capital anticipates that the most probable successful exits are more likely to be by way of a trade sale, but all options must be carefully explored and market conditions at the time are crucial to the success of the transaction. An IPO can often provide the most attractive returns to the shareholders and healthy public markets are also key to the functioning of the broader ecosystem for financing high growth companies. However, we note that even in the US, acquisitions account for the vast majority of exits from venture capital backed companies.
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 | 10.00% + £2,000 launch and establishment fee |
Annual Management Fee | n/a | £3,000 + Director fee |
Performance Fee | 20% | n/a |
Other Fee Information | n/a | n/a |
Kuber receives 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
£2.85 for every £1 invested
Private Equity SEIS
Technology
5 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