Epicure SEIS Fund

The Epicure SEIS fund invests in the UK food, drink and hospitality sector, and seeks to raise £5 million.

Highlights

  • Invests in the food, drink and hospitality sectors
  • Large and growing UK food & drink market, forecast to grow 3% to 4% medium term
  • Well-connected management team, drawing on their extensive network
  • Around 10 portfolio companies expected to be held
  • Startup Funding Club is the investment adviser. Enterprise IP is the investment manager.
  • Minimum investment £10,000

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 offer

The fund targets innovative and disruptive companies in the UK food, drink and hospitality market. The manager has extensive expertise and a thorough network of well-connected introducers, mentors, coaches and advisors from the industry.

The team works with mentors and advisors to grow portfolio companies. They also work closely with JC Decaux’s ‘Nurture’ and Tesco’s ‘Back It’ programmes.

Fees

All fees are paid by the investee companies, meaning investors should receive SEIS tax relief on the full gross subscription.

There is an initial charge of 6.5% levied against investee companies, covering all initial costs of establishing the fund.

There is an annual management fee of 1% per annum plus VAT. The fee is capped at 3.5% for the life of the fund.

There is a performance fee of 30% of any distribution to investors above a hurdle of £1.00.

Please see the information memorandum for more details on fees.

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 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 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.

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 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. 30.01.2018


The details

Type
Fund
Sector
Leisure
Target return
-
Funds raised / sought
£5 million sought
Minimum investment
£10,000
Deadline
Discretionary

News about Seed Enterprise Investment Scheme. Read all