Don’t invest unless you’re prepared to lose all the money you invest. These are high-risk investments and you are unlikely to be protected if something goes wrong.

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Risk summary for non-readily realisable securities which are shares:

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

Last updated: 01 July 2026

What are the key risks?
  1. 1. You could lose all the money you invest

    If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail.

  2. 2. You are unlikely to be protected if something goes wrong

    Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance.

    Try the FSCS Investment Protection Checker

    or use this URL link:

    www.fscs.org.uk/check/investment-protection-checker.


    Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it.

    Learn more about this service from the following Financial Ombudsman Service Protection

    or use this URL link:

    www.financial-ombudsman.org.uk/consumers.

  3. 3. You won’t get your money back quickly

    Even if the business you invest in is successful, it may take several years to get your money back. You are unlikely to be able to sell your investment early.

    The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common.

    If you are investing in a start-up business, you should not expect to get your money back through dividends. Start-up businesses rarely pay these.

  4. 4. Don’t put all your eggs in one basket

    Putting all your money into a single business or type of investment, for example, is risky. Spreading your money across different investments makes you less dependent on anyone to do well.

    A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

    Read more at the FCA InvestSmart Guide

    or use this URL link:

    www.fca.org.uk/investsmart/5-questions-ask-you-invest

    5. The value of your investment can be reduced

    Putting all your money into a single business or type of investment, for example, is risky. Spreading your money across different investments makes you less dependent on anyone to do well.

    The percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.

    These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment.

    If you are interested in learning more about how to protect yourself, visit the FCA website:

    FCA InvestSmart

    or use this URL link:

    www.fca.org.uk/investsmart.

    Please find the PDF version of the Risk Summary.

IFPR Disclosure Summary

Last updated: 01 July 2026

Introduction:

The Investment Firms Prudential Regime (IFPR), implemented on 1 January 2022, governs capital requirements for credit institutions and investment firms. Pillars 1, 2, and 3 form the regulatory framework under the IFPR. Sapphire Capital Partners LLP (Sapphire) complies with IFPR Disclosure obligations by disclosing relevant information annually.

Company Profile:

Sapphire, authorised and regulated by the FCA, offers services primarily in the regulated sector, focusing on alternative investments. Its board oversees risk management, including conducting Internal Capital Adequacy and Risk Assessment (ICARA) annually.

Corporate Governance:

The board oversees risk management, determines risk appetite, and conducts ICARA assessments. The Risk & Compliance Committee monitors risks monthly.

Risk Management:

Sapphire employs an Enterprise Risk Management framework involving risk governance, identification, assessment, monitoring, and reporting. Risks are continually reviewed and assessed to ensure adequate capital planning.

Capital Requirements:

Under IFPR, Sapphire must maintain own funds exceeding the permanent minimum capital requirement (£75,000) and the Fixed Overhead Requirement (FOR). As of 31 March 2025, Sapphire's own funds exceeded the requirement.


Liquidity Adequacy:

Sapphire maintains basic liquid assets exceeding one-third of FOR. As of 31 March 2025, Sapphire's liquidity assets surpassed the required amount.

Remuneration:

lRemuneration policies ensure alignment with business objectives and sound risk management practices. Remuneration includes fixed and variable components and is reviewed annually. Sapphire's remuneration policies align with regulatory requirements and are reviewed annually. The remuneration disclosure can be found on the Sapphire website at www.sapphirecapitalpartners.co.uk/remunerationdisclosure.

Conclusion:

Overall, we believe we demonstrate adherence to regulatory requirements, robust risk management practices, and adequate capital and liquidity positions, ensuring stability and compliance with regulatory standards. The full IFPR Disclosure is available upon request at info@sapphirecapitalpartners.co.uk.

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