EIS Industry Report 2018/19

66 67 EIS SOLUTIONS DISCLAIMER Some of the managers have included some performance information in the following pages. As always, past performance is not a reliable indicator of future performance. This document is for professional advisers only, and it is not to be relied upon by retail investors. The value of an investment, and any income from it, can fall as well as rise, so investors may not get back the full amount they invest. Tax treatment depends on individual circumstances and may change in the future. Tax reliefs depend on the portfolio companies maintaining their qualifying status. The shares of the smaller companies could fall or rise in value more than shares listed on the main market of the London Stock Exchange. They may also be harder to sell. These products are not suitable for everyone. Any recommendation should be based on a holistic review of your client’s financial situation, objectives and needs. Neither Intelligent Partnership nor the managers offer investment or tax advice. We recommend investors seek professional advice before deciding to invest. BLACKFINCH BLACKFINCH VENTURES EIS PORTFOLIOS ABOUT THE PROVIDER Blackfinch Group is an award- winning investment specialist and trusted provider, with over £200 million in assets under management and administration. Its businesses include Blackfinch Ventures, specialising in early stage investing. Blackfinch’s focus is on delivering value through expertise and high quality service with a transparent approach. Blackfinch works in partnership with advisers to meet client needs. It continuously adapts to offer evolved solutions. Blackfinch is an established provider of Enterprise Investment Scheme (EIS) portfolio services. It has a strong track record, with its previous offerings typically closing at capacity. Blackfinch Ventures continues to enable investment in fast-growing UK companies, in line with legislative changes. Blackfinch Ventures targets high- growth investment opportunities, supporting start-ups and early stage businesses. These bring access to EIS tax benefits, along with significant return potential. The team invests Blackfinch capital alongside investor funds, ensuring alignment of interests. OUR VENTURES EIS PORTFOLIOS OFFER The Blackfinch Ventures EIS Portfolios target the UK’s most exciting new businesses, with multi-sector investments into the next generation of EIS- qualifying firms. The portfolios are backed by extensive expertise and broad networks, ensuring privileged deal flow. The team seeks out disruptive firms with the capability to make a major impact in substantial markets. There is a focus on innovative companies with digital and technological potential, offering products that address real-world needs. The ethos is that EIS funding, together with strong, active business support from development to exit, can fuel company growth. Alongside accessing EIS tax benefits investors are served by a team targeting a 5x return over timeframes of 4-7 years from investments in high-calibre firms. And Blackfinch does not apply its annual management charge to the portfolios after the first four years, which can create further value for investors. WHAT WE INVEST IN Blackfinch invests across sectors in firms that can make a real difference to people’s lives. Many fledgling companies have the potential to be game changers, disrupting their market with different ways of thinking. We like businesses with smart technology, which also helps to ensure that we are creating value in investments. We target businesses with strong ideas and solid management teams that can demonstrate established and proven concepts, visibility of profit and cash generation, and are looking to take the first steps in their development phase. Our focus is on significant growth opportunities. Blackfinch provides initial and follow-on funding to start-up businesses (seed investment), those looking to grow to the next level (Series A investment) and scale-ups. We work closely with teams over many years to build businesses for the long term, and to deliver for investors through strong exits. “EIS continues to present opportunities for clients, alongside helping to ensure that the UK remains a global leader in innovation.” — RICHARD COOK, FOUNDER AND CEO, BLACKFINCH GROUP