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

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

These are very high risk, early-stage businesses. By nature these firms will be more prone to failure than later-stage, more mature businesses. All of the portfolio companies could fail.

Investors should be aware these are long-term investments and are illiquid. Capital is at risk and 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 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