Mercia's Talon Golding reports that SEIS capacity in latest EIS & SEIS fund has been increased, allowing investors to access the Fund on a 50:50 basis between SEIS and EIS
Mercia Fund Management, a leading technology focused investment manager, is becoming well known for its range of EIS & SEIS funds. Like other funds in its series, Mercia Growth Fund 3 is designed to be open for subscription for only a limited period – in this case, until May 2014.
Like the preceding Mercia Growth Funds 1 & 2, Growth Fund 3 invests across five high-growth technology-focused sectors that play to the particular skills of the investment team. The Fund aims to maximize capital gain from a portfolio of investments which are aim to achieve profitability within no more than four years from the initial investment and a visible exit route within 4-7 years. The Fund targets compound annual growth of 10-50% (excluding tax breaks).
Mercia says that its portfolio is chosen to provide “a strategic blend of early stage, development and growth capital to create an optimal balance between capital growth, portfolio risk and time horizon”. Businesses are vetted by an external, independent investment panel before adoption by the manager.
Deal flow for the Fund is built through the manager’s extensive network including partnerships with eight universities, including Warwick and Birmingham, as well as star performers from the existing Mercia portfolio. These have included the rapidly growing Warwick Audio Technologies, a spin-out from Warwick University, which specialises in the development and retail of pioneering high-tech loudspeakers; and the University of Birmingham spin-out Smart Antenna Technologies (SAT), which aims to replace the various separate antennae used in mobile phones by 3G/4G, Bluetooth, WiFi, GPS etc with a single antenna that will cope with everything.
With venture partners such as Mike Hayes (ex CEO of Sega Games), Mercia has also become a dominant investor in the high growth sectors of gaming, e-commerce and FinTech, with notable investments to include nDreams, DabGaming and SkyAuth.
For further information on MGF3 please contact Talon Golding: talong@merciafund.co.uk / +44 7548 642 515.
