What is the aim of this fund?
"The objective is to demonstrate that a Shariah compliant Fund can make a major contribution to the UK economy in providing employment and encouraging new businesses.."
Kamran Sattar, Portillion Capital
The objective of the Fund is to invest in Shariah compliant companies eligible for SEIS Reliefs. The Manager will invest the Fund in Investee Companies that will, in most cases, require between £100,000 and £150,000 in seed and early stage funding with most of the Investee Companies being start-up companies. It is anticipated that successful Investee Companies will seek second and subsequent rounds of investment which may take place under the EIS scheme.
The Fund may also invest in Investee Companies which have previously received investments under the SEIS scheme, typically at a higher price per share than the original investment round. Seed Mentors will provide the Manager with strategic advice on potential exit routes. In order for Investors to qualify for the SEIS Reliefs, Investments will need to be held for a minimum of three years from the date of issue of the Qualifying Shares in the Investee Company. It is the Manager’s intention, as advised by Seed Mentors, to consider options for realising Investments and commence initial distributions from the Fund soon after the SEIS Three Year Period, for those investors wishing to exit.
Key Individuals - Seed Mentors Limited is dedicated to finding start-up businesses suitable for investment and then supporting them when investment funds have been provided. Seed Mentors both seek out and have many companies approach them for assistance in securing start-up funds.
These companies span a wide spectrum of business activity. To facilitate the funding process, Seed Mentors carry out initial due diligence and with companies they believe merit further consideration, they arrange for them to be interviewed on Seed Mentor pitching days, held at a variety of venues, where their plans are subjected to scrutiny and the key entrepreneurs behind the business are questioned in detail.
At a glance
High / Adventurous - Capital at Risk
Shariah compliant sectors
3x return after seven years
Not a reliable indicator of future income.
Closed to new investors (as of December 2014).