X

X

Mortgage & Property

New Insurance Professional

Family Office Bulletin

Advertise

Mortgage Property

Insurance Professional

Family Office

Newable EIS Scale-Up Fund 3

As tax year end approaches, we are looking at a number of fund solutions in the space for you to consider


The Newable EIS Scale-Up Fund 3 seeks to leverage the company’s corporate infrastructure to invest in knowledge intensive companies at the scale-up growth stage.

Newable is a leading provider of serviced office, advisory, lending and equity solutions to some 12,000 SMEs per annum. Offering the expertise of around 220 professionals, the Newable EIS Scale-Up Fund 3 has a unique infrastructure from which to originate, undertake due diligence, execute, support, monitor and ultimately exit investments.

Newable is independently recognised as one of the UK’s leading investment networks and draws on a 36 year track record (bolstered by the acquisition of London Business Angels in April 2017) as well as long term partnerships with the UK government and business community.

The Fund aims to provide investors with a diversified portfolio of 7-10 knowledge intensive companies, offering investors exposure to an exciting asset class without the need to stock-pick and commit management time.

Risk is partially mitigated through a selection methodology and due diligence built around Newable’s 500+ investor group as well as by leveraging the Enterprise Investment Scheme for early stage investments.

Please note TYE close on 15th March 2020 for deployment by 5th April.

Fund structure

Evergreen Fund model with no final termination date

Target return

20% IRR/3x Capital

Target portfolio

7-10 early stage knowledge intensive companies per subscription

Fee

Initial subscription fee of 2% for advised and 4% for non-advised clients

Management fee of 1% plus VAT applies for the first year only. There is a performance fee of 20% with a 1.1x hurdle.

Target term

12 -18 month deployment cycle per subscription 5-8 years for target exits

Investment proposition

The Fund will target the funding gap that exists for companies which have de-risked their technology, developed traction with customers and now seek funding to scale their commercial operations. The Fund aims to provide investors with a diversified portfolio of 7-10 qualifying companies per investment.

Investment approach

Newable offer investors access to the knowledge and investment skillset that they have developed by being technology sector focussed.

The sectors in which we specialise provide particular opportunities created through the emergence of the fourth industrial revolution.

This expertise, combined with the strong analytical skillset across Newable’s Investment Committee and Investor Network leads to a competitive advantage for the Fund.

Key areas of interest include:

  • Electronics: Hardware, Components & Firmware
  • Automation: AI, Data Science, Cyber
  • Healthcare: Digital Health, Genomics & Devices
  • Space: Downstream Data Technologies

Entrepreneurs might like to read this short article explaining Newable’s approach.


For more information about Newable please click here

This Week’s Most Read

  • Investing for the year ahead: eight funds and investment trusts for 2022

    The year end is a natural time for people to review their investment portfolios and ensure it is well positioned for the year ahead. Ryan

  • Is your art in the right place?

    By Arthur Byng Nelson, Solicitor and Legal Director at law firm Harold Benjamin. Introduction: Clients with Art For some wealthy individuals a great deal of

  • SJP celebrates its 1000th Chartered Financial Planner

    St. James’s Place (SJP) celebrates surpassing its 1000th adviser to achieve Chartered status. Former law graduate, Molly O’Donnell, came into SJP via the Academy and,

  • Invesco: Outlook for ESG in 2022

    By Cathrine de Coninck-Lopez, Global Head of ESG at Invesco. I have every reason for optimism in 2022. There is clear progress in the environmental,

  • Silent Cyber: a threat for financial advisers?

    By Chris Davies, Executive Director & Co-Lead of IFA Business Unit at Howden The way many of us work has seen a fundamental shift since

  • 7IM partners with Door to strengthen regulatory and stewardship strategies

    7IM today announces that it has partnered with Door, a company dedicated to improving due diligence processes, in a move that will assist the firm

  • Selling the family-owned business: Key considerations for families looking to sell and protect the family legacy

    By Richard Lane, partner in the Corporate and Family Business team at leading law firm Farrer & Co. For a family business owner, the smooth

  • AJ Bell Active v Passive Report 2021

    Only a third of active equity funds (34%) beat a passive alternative this year, according to our latest Manager versus Machine report Active outperformance was

  • The Fall and Rise of Structured Products

    In this episode Ian Lowes, the founder of Structured Products Review, speaks about why the pre-packaged investment strategy is so misunderstood, and how so many

  • Square Mile Academy of funds report ratings round up for November

    Five new ratings, including three Responsible ratings One rating upgraded One fund reintroduced to the Academy of Funds Analysts at Square Mile Investment Consulting and

Keep updated on the most important financial events 

Make sure you are an informed

wealth professional..

Adblock Blocker

We have detected that you are using

adblocking plugin in your browser. 

IFA Magazine