Bringing you live news and features since 2006 

Highgate Associates launches EIS fund

RELATED TOPICS​

Highgate Associates and Enterprise Corporate Finance have launched an EIS fund, called the HG Tech Fund, which is designed to maximise value for investors and investee companies.

The fund is open to sophisticated investors who have a minimum of GBP10,000 to invest and who are looking to enhance their investment portfolio with exposure to high growth UK high tech businesses with EIS tax breaks.

Unlike most other EIS funds, the HG Tech Fund is designed to ensure that the full value of investor funds receives 100 per cent EIS relief. The standard industry procedure is to net off initial charges plus a further 17.5 per cent VAT, which could add up to eight per cent or so of investors’ funds.

The fund managers offer investee companies help with financial management, marketing and, where needed, senior level management to ensure that the investee companies grow and meet financial targets.

Before the HG Tech Fund can take any profits itself, it will have had to deliver a minimum of six per cent annualised return to investors.

Susan Phillips (pictured), director general, EIS Association, says: “I am delighted to be working with the Highgate team in launching the HG Tech Fund. To my mind, the ethos of this fund represents the intrinsic sentiment behind the Enterprise Investment Scheme, being to foster and encourage private sector investment into growing British companies. It is not just about spotting a winning technology but understanding its market and, above all, working with the management to get ahead of the competition, market the product successfully, drive the company forward, add in necessary skills where needed and keep the company on track.”

The HG Tech Fund is open now for new investment and has its initial close on 4 April 2010. The portfolio will aim for a spread across a number of investee companies and to be fully invested as quickly as possible so that investors can claim their EIS tax relief promptly.

The fund is looking to deliver a return to investors within a three to five year investment window, with a roll-over opportunity to maximise the IHT and CGT potential.

The fund is advised by Enterprise Corporate Finance, established in 1992 to advise EIS companies.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by