Greenbackers CleanTech EIS and SEIS Fund

The Greenbackers CleanTech Fund is an evergreen hybrid EIS/SEIS offer. It seeks to raise between £50,000 and £5 million, with a minimum investment of £5,000.

The fund will invest in start-up and early stage companies that are focused on developing viable solutions within the low carbon, clean technology, sustainability and climate change industries. Investors should hold a minimum of four portfolio companies.

The Fund is managed by Innvotec Limited, a London-based independent venture capital firm established in 1987 specialising in EIS, SEIS and SITR funds, in conjunction with Greenbackers Investment Capital Limited which specialises in identifying and raising finance for low-carbon, cleantech and climate-change-related businesses.

Investors can choose to have their portfolio entirely in SEIS or EIS companies, or alternatively choose a hybrid option where the allocation depends on the amount invested. The SEIS allocation depends on capacity.

The fund is evergreen so while there is no hard deadline, there is a ‘close’ at the end of each quarter. 

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 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 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

Initial charge 0%
Annual charge 1.5%
Annual custodian fee 0%
Performance fee 30%

More detail on the charges

Wealth Club aims to highlight investments we believe have merit, but you should form your own view. You should decide based on the provider's documents and ensure you have read and fully understand them before investing. This short 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. 01.10.2018

The details

Type
Fund
Sector
Technology
Target return
Unspecified
Funds raised / sought
£5 million sought
Minimum investment
£5,000
Deadline
Discretionary

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