Mediabiz EIS Fund

The Mediabiz EIS Fund focuses on media-related development and production services. The fund invests in two companies: Mediabiz Capital UK Development Ltd and Mediabiz Capital UK Production Ltd. Both have EIS advance assurance. 

The fund is managed by Innvotec Limited, a London-based independent venture capital firm established in 1987 specialising in EIS, SEIS and SITR funds. Mediabiz is a Canadian production and financing company aiming to finance world-class media and entertainment projects.

Fees and deadlines

There is a 1.5% Annual Management Charge (deferred until exits provide sufficient cash for payment) and 20% Performance Fee (subject to the return of 100% of investors’ original investment). There is an additional 20% charge on any profit realised on final return. There is no initial charge. There are fees paid by the investee companies, which will indirectly affect investors’ returns. Please see the Key Information Document for more details on charges.

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

Investors wishing to have funds deployed in 2017/18 for carry-back purposes will need to apply by 3 April 2018 at the latest (29 March if paying by cheque).

Risks

The fund invests in small, unquoted companies that may be pre-revenue, so the usual risks with EIS investments are amplified by the early-stage nature of this portfolio. In particular, investors’ capital is at risk and the investments have low liquidity. Further details of risks are outlined in the Investment Memorandum.

Investors should not invest money they cannot afford to lose. Tax rules can change and the value of tax benefits will depend on individual circumstances.

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. 15.03.2018

The details

Type
Fund
Sector
Media
Target return
Unspecified
Funds raised / sought
£40 million sought
Minimum investment
£5,000
Deadline
Discretionary

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