Mercia Growth Enterprise Investment Scheme (EIS) Fund
The Mercia Growth EIS Fund (or the Fund) will provide access to a portfolio of rapidly expanding post-revenue investments available primarily for institutional and corporate investors and which would not normally be readily accessible to private investors. The fund is a focused Enterprise Investment Scheme (EIS) technology fund and will invest exclusively in a balanced portfolio of high growth post-revenue technology businesses with modest capital requirements and defensible near to medium term exit plans.
Based on Mercia Fund Management’s (MFM) track record with Mercia Fund 2 (launched in 2007), the investment objective for the Mercia Growth EIS Fund is to target attractive returns with a potential compound annual growth of 10% (excluding the tax advantages available to EIS investors) from investments in fast-growing, revenue-generating, technology-based companies.
Growth investment sectors
- Medtech (Medical Devices, Instrumentation, Services)
- Clean technologies
- Telecoms, Electronics and Software technologies
- Data centre management, cloud computing and related software plays
Fund statistics
|
Fund name |
Mercia Growth EIS Fund |
Target portfolo size |
Five to nine identified companies and the investment range will be £0.4m to £1.2m |
|
Fund structure |
Unapproved complying (non-MiFID) EIS Fund |
Investment period |
Up to 24 months |
|
Target size |
£6 million (maximum, £10 million) |
Minimum investment amount |
£25,000 |
|
Minimum fund size |
£3 million |
Sector focus |
Unquoted, post-revenue high growth technology businesses |
|
Fund manager |
Mercia Fund Management Ltd Birmingham Science Park Aston Faraday Wharf
|
Closing date |
5 April 2012, or if earlier the date on which the Maximum Fund Size is reached, or such other date as the Manager may determine in its discretion |
Full EIS fund details
Fund prospectuses and further information are available from the links below:
Full Mercia Growth EIS Fund Prospectus
Summary of Mercia Growth EIS Fund Prospectus
Request a hard copy of the Mercia Growth EIS Fund Prospectus
Further information about Enterprise Investment schemes (EIS)
For further information about the types, benefits and risks of Enterprise Investment Schemes, please see our article: EIS Schemes in 2012, what you need to know
Important information
Issued by Mercia Fund Management Ltd (“MFM”), Birmingham Science Park Aston, Faraday Wharf, Holt Street Birmingham, B7 4BB. Authorised and regulated for the conduct of designated investment business in the UK by the Financial Services Authority. Applications for the Mercia Growth EIS Fund may be made only on the basis of and using the application form contained in the Information Memorandum, copies of which are available from Mercia Fund Management or from www.merciafund. co.uk/investors. No reliance is to be placed on the information contained in this summary document in making any such application. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. This document is not an offer or invitation to apply for the Mercia Growth EIS Fund nor does it solicit any such offer or invitation.
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