Alpha RLC Ventures EIS/SEIS Fund

The Alpha RLC Ventures fund will invest across a mixture of SEIS and EIS technology companies.

Highlights

  • Target return 2.6x (net of fees and excluding tax relief) after 5-8 years (returns and timeframes not guaranteed)
  • Target 10-15 portfolio companies (not guaranteed)
  • Investments should be deployed within 12-18 months
  • Minimum investment £25,000 

Important: The information on this website is for experienced investors. It is not advice nor a research or personal recommendation to invest. If you’re unsure, please seek advice. Investments are for the long term. They are high risk and illiquid and can fall as well as rise in value, so you could get back less than you invest.


The manager

RLC Ventures was founded by Reece Chowdhry who has a background in management consulting. He is supported by a team of five alongside an advisory network.

The fund will invest on a co-investment basis and the RLC management team members are expected to personally invest their own capital into every deal. This is the second iteration of the Alpha RLC Ventures Fund. 

RLC uses its network to provide ongoing support and advice to the portfolio companies in terms of their financial, legal, marketing, and distribution strategies. It aims to take a board seat on approximately 50% of the underlying companies. 

The offer

RLC Ventures looks for companies where the product is technology-enabled or involves an innovative and disruptive approach not seen elsewhere in the market. In particular, it will focus on six sectors: AI, property, enterprise, finance, social causes, and gaming.

The fund sources deals from angel networks, accelerators, trade bodies, UK universities, and extensive personal contacts. In 2018, it reviewed approximately 1,500 businesses before investing in 12 portfolio companies. 

It is anticipated that investors will be invested in a portfolio of around 10-15 companies. The fund will look to offer a mixture of companies across three growth stages: pre-revenue, early traction and post-revenue. The maximum exposure to a single company is capped at 15%. 

The offer is only open to investors who successfully apply to become an elective professional client of RLC Ventures and have the knowledge and experience to understand the risks. 

Risks – important

This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice. 

SEIS and EIS 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 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. 

Charges and savings

A summary of the main charges and savings is shown below. The net initial charge shown includes the Wealth Club saving and any early bird discount. The investment may have additional charges and expenses: please see the provider documents including the Key Information Document for more details.

Investor charges
Full initial charge 0%*
Wealth Club initial saving
Net initial charge through Wealth Club 0%
Annual management charge 1.6%
Administration charge
Performance fee 20%
Investee company charges
Initial charge
Annual charges
All fees and charges are stated exclusive of VAT, which may be applicable in some cases. Any fees and charges payable by the investee companies or the underlying businesses do not directly come out of your investment. However, they will effectively reduce the returns generated by investee companies and therefore impact your investment.

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.

The details

Type
Fund
Sector
Technology
Target return
2x
Funds raised / sought
£2.0 million sought
Minimum investment
£25,000
Deadline
Discretionary
Last updated: 5 December 2019

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