EIS 2018 report (web)

76 77 EIS COMPARISON BLACKFINCH INVESTMENTS DEEPBRIDGE DOWNING INGENIOUS OFFER/SERVICE NAME Blackfinch Evolve EIS Portfolios Deepbridge Technology Growth EIS Downing Ventures EIS Ingenious Infrastructure Ventures EIS MANAGER NAME Blackfinch Investments Limited Deepbridge Downing LLP Ingenious Capital Management Limited YEAR FOUNDED 1992 2010 1986 1998 AUM (IN TOTAL) Approximately £200 m £93m £1bn as at 31.09.17 Ingenious Infrastructure has raised and deployed over £500m. In excess of £9b has been raised and deployed across our three specialist sectors. AUM (IN EIS) Approximately £30m £32m in Deepbridge Technology Growth EIS £250m DESCRIPTION OF OFFER Blackfinch EIS portfolios are a discretionary managed service and we only investing in companies that have been granted Advance Assurance from HMRC. Blackfinch has two EIS Portfolios, an Asset Focused EIS with four underlying companies consisting of two construction companies, a gastro pub company and a short haul shipping company and a Media EIS with two investee companies, one specialising in TV distribution and the other in film score music. The Deepbridge Technology Growth EIS is an opportunity to participate in a portfolio of actively- managed high-growth technology companies, taking advantage of the potential tax bene ts available under the Enterprise Investment Scheme. A diversi ed portfolio of actively managed high-growth companies seeking commercialisation funding, the Deepbridge EIS invests in technology growth companies that have a proven technology, clear intellectual property and are operating in a high growth/high value market sector. Downing Ventures EIS invests in high-risk, high potential return opportunities, focusing on early-stage UK technology companies in a broad range of sectors, including enterprise software, health technology and e-commerce. In return, investors can access attractive tax reliefs, including 30% income tax relief in the current and previous tax year (via carryback). Ingenious Infrastructure Ventures EIS is a discretionary managed service that presents an opportunity to invest in a portfolio of EIS qualifying companies that seek to take advantage of growth trends within the infrastructure sector, as well as offering access to the applicable tax incentives associated with the Enterprise Investment Scheme. The service targets growth driven opportunities by investing in early stage and growth-capital stage companies that operate in key infrastructure sectors in the UK and other OECD countries, focusing particularly on (i) low carbon transport, (ii) digital communications, (iii) energy management and (iv) resource efficiency. UNDERLYING ASSETS Evolve Asset Focused EIS Portfolios: gastro pubs, offshore supply vessels, residential & commercial property construction. Evolve Media EIS Portfolios: TV distribution rights and music publishing. Post-revenue, highly disruptive technology innovation Current portfolio holdings as at 23 January 2018 - Enterprise SaaS (51%), health and wellness (14%), life sciences (11%), e-commerce (8%), education tech (5%), HR tech (3%), legal tech (3%), prosthectics tech (3%), search engines (3%) A portfolio of companies developing and delivering high-quality infrastructure in the UK and other OECD countries. TARGET NO. OF HOLDINGS Evolve Asset Focused Portfolios: 4 * Evolve Media EIS Portfolios: 2 *Depending on availability Between 5 and 10 To manage risk, we aim to spread investments across a portfolio of 12 - 15 companies, where possible, acrossin a variety of sectors. 4-6 LAUNCH DATE 01.09.16 Jan-13 2013 28.02.18 TARGET FUNDRAISE £35m - £50m £20m per annum Evergreen £20m per annum INVESTMENTOBJECTIVE Capital Preservation and Growth The investment objective of the Deepbridge Technology Growth EIS is to generate substantial tax-ef cient mid-case capital growth of 160p for every 100p invested, over a 3-4 year period. Exit events will be sought at the earliest opportunity after the third anniversary of the investment made. The focus of the fund is on technology companies looking for development and growth funding in sectors including Enterprise SaaS, Healthcare technology and special situations technology. To provide clients with the opportunity to invest in early stage and growth-capital stage companies operating in the infrastructure sector. TARGET ANNUAL RETURN (WHERE STATED) 20-25% Expected over four years N/A N/A N/A INVESTMENT HORIZON (WHERE STATED) N/A 3-4 years We seek to provide an opportunity to exit between four and eight years from the date shares were originally acquired (please note that this is a target and is not guaranteed). 4 – 6 years MIN INVESTMENT £25,000 £10,000 £15,000 £10,000 INITIAL FEE Evolve Asset Focused Portfolios: 5% Evolve Media EIS Portfolios: 2% Paid by the investee when it is funded There are no management charges levied on the investor, resulting in 100% allocation of the subscription. This ensures 100% tax efficiency for investors. Deepbridge fees are paid by the Investee Companies. Please see respective Information Memorandum for details of all charges levied on Investee Companies. 2% for advised clients Arrangement Fee 2.75% of the Subscription for Advised Clients, up to 5.75% for Non-Advised Clients. Transaction Fee up to 3% of total capital invested in each Investee Company. AMC 2% charged to investee There are no management charges levied on the investor. Deepbridge fees are paid by the Investee Companies. 2% ongoing for advised clients // 0% portfolio trasactions for advised clients 2% of total capital invested in each Investee Company OTHER FEES 25% Performance Fee (included in target return) Performance fee: an incentive fee of 20% of cash returned, in excess of 120% of the funds invested. Performance fee of 20% of proceeds exceeding £1 per £1 investment and 30% exceeding £11.10 Performance fee equal to 30% of proceeds in excess of 105% across the portfolio of Investee Companies in a single AIF EIS SOLUTIONS COMPARISON