Review: Jenson SEIS and EIS Fund
Archived article: please remember tax and investment rules and circumstances can change over time. This article reflects our views at the time of publication.
The fund offers a mixture of new technology investments and follow-on funding into companies previously invested in by Jenson SEIS and EIS funds.
- Target return of 185p per 100p invested (not guaranteed)
- Choice of SEIS or EIS investment
- Portfolio of a minimum of 10 SEIS companies, or around five EIS companies
- Aims to deploy this tax year, so could be used for carry back (not guaranteed)
- Minimum investment £10,000
This is a hybrid offer, which allows investors the choice of SEIS or EIS investment, or a mix of both.
SEIS investors will hold a portfolio of minimum 10 companies, EIS investors around five companies.
Jenson Funding Partners was founded in 2012. Its SEIS fund launched in 2012, one of first in the market. Jenson later launched the EIS fund to provide follow on funding for the more successful portfolio firms.
The SEIS part of the fund aims to focus on innovative and disruptive technology firms. The EIS has a focus on providing follow-on funding for firms in the SEIS portfolio, combined with new investee companies.
Jenson invests across multiple sectors with the majority of early stage companies having some technology related angle.
Jenson provides a support package to investee firms, covering various aspects of financial, sales and marketing, tech and operational support, which is mandatory for the first three years. After that, firms can choose whether to use it or not.
Target return and exit strategy
The target return is 185p per 100p invested, which is not guaranteed. As is the nature of early stage investing, the investee companies that succeed may deliver returns many times that of the initial investment. The flip side is that some of the companies are almost certain to fail.
Realistically, as many of the companies will be early stage, exits are largely expected from trade sales rather than from flotations. Exit is expected in five to seven years, although this is not guaranteed.
Risks – important
This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice.
EIS / SEIS investments are high-risk so should only form part of a balanced portfolio and you should not invest money you cannot afford to lose. They also tend to be illiquid and hard to sell and value. Before you invest, please carefully read the Risks and Commitments and the offer documents to ensure you fully understand the risks.
Tax rules can change and benefits depend on circumstances.
This EIS / SEIS fund invests in early-stage businesses which are more likely to fail than larger ones. So you should expect a number of failures in the portfolio.
Fees and charges
A summary of the fees and charges is shown below.
|Full initial charge||7.5%|
|Wealth Club initial saving||-|
|Administration fee charged to company||£250 per month|
More detail on the charges
Wealth Club aims to make it easier for experienced investors to find information on – and apply for – tax-efficient investments. You should base your investment decision on the provider's documents and ensure you have read and fully understand them before investing. This review is a marketing communication. It is not advice or a personal or research recommendation to buy the investment mentioned. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.
Read more and apply online
Read more about this offer, including the risks; download all the documents and apply online in minutes.Go to offer page