What does a first time GP of a new Private Equity or Venture Capital Fund need to think about?
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Multi-stage venture capital fund managers can provide many advantages for investors
Fund managers with several funds that invest at different stages of a company’s life can be very beneficial for a portfolio company, for the investors and the fund manager, as well as being a highly effective way to achieve long-term financial planning aims. An example of a multi-stage venture capital fund manager is one that…
Can a Fund Manager make investments before a fund closes?
With the many current global uncertainties, not least the war in Ukraine and the consequences of it, many GPs are finding it harder to close their funds, particularly first-time funds, at what they believe is an appropriate minimum level. At present, some investors are holding off from committing to any funds and the market appears…
Investing in private markets – the time has come for (even the not so) HNW Investors
Investing in private funds and directly into private companies has long been a way to increase returns and access some very exciting growth stories, but it has largely been possible for only the most sophisticated of high-net-worth investors. But for wealth managers the drum beat towards offering investments in private market deals is becoming ever…
Are HNW Investors a GP’s new best friend?
The traditional source of funding for PE and VC fund is a professional institutional investor base, usually made up from pension funds, endowment funds, professional investment funds, sovereign wealth, large wealth managers, and some large family offices. But what has been absent are significant numbers of high-net-worth investors. But like the coming of Spring, there…
Thoughts on the PE Market 2022
By Paul Richardson – Sales Director The last few years has been a period of transformations with the world population now aware of the effects of a pandemic and the resultant restrictions and changes on economic and individual behaviour. Geopolitical tensions still exist and any conflict has implications further beyond the physical locality of…
The Long Term Asset Fund: a new UK fund type for alternative assets
The UK Government and the FCA have given strong impetus to the creation of a new UK fund vehicle, the Long Term Asset Fund or LTAF. The LTAF seeks to solve three problems. First, ordinary investors are largely unable to access the higher investment returns connected with alternative assets, such as private equity, private debt,…
EIS Funds, what are they and how are they structured?
EIS funds are investments in small unquoted companies managed via a custody agreement, which is the document governing how the fund operates. What is EIS? The Enterprise Investment Scheme (EIS) is a series of UK tax reliefs for qualifying investors launched in 1994 and designed to encourage investments in small unquoted companies carrying on a…
Are your share certificates safe in a bottom drawer?
Share Certificates – how safe are yours? Share Certificates safeguarding, is it important? What happens if a share certificate goes missing or gets damaged? If a certificate is lost does this means ownership is too? What constitutes ownership of a private company under English law? From a legal perspective it is clear that for registered…
Questions to ask before selecting your EIS fund custodian
As an EIS Fund Manager, what do you need to ask before selecting your EIS fund custodian? Article by Paul Daryl Richardson, Mainspring Fund Services. This article aims to help fund managers that are considering an EIS fund with the selection process for the most suitable EIS custodian for the fund. At its simplest, an…