What is a SEIS/EIS Fund?

A SEIS/EIS fund is typically a discretionary investment management service managed by a FCA approved investment manager (such as Sapphire). A SEIS/EIS fund is not a legal entity but is typically a group of individual bare trusts to enable subscription monies to be held on behalf of investors under a nominee arrangement; with each investor being the sole beneficiary of each bare trust. This is collectively known as a SEIS/EIS fund.

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The typical structure of a SEIS/EIS fund:

  • A SEIS/EIS fund is typically an investment management service conducted on a discretionary basis by an investment manager;

  • The service is normally conducted subject to the terms of an investment management agreement;

  • By agreeing to invest in a fund, investors appoint the investment manager to invest their subscriptions on a discretionary basis into companies selected by the investment manager;

  • A SEIS/EIS fund is not a legal entity;

  • EIS and SEIS funds fall within the definition of “Alternative Investment Fund” for the purposes of the AIFMD; and

  • A SEIS/EIS fund is not considered to be a collective investment scheme as defined in section 235 of the Financial Services and Markets Act 2000.

Find Out More About SEIS & EIS Funds

How can Sapphire help you?

SEIS and EIS fund services

We can act as fund investment managers.

SEIS and EIS Fund Services

We can write the fund investment documents.

SEIS and EIS Fund Services

We can help the fund raise finance.

Sapphire can act as the fund investment manager.

Finding the right FCA approved investment manager can be difficult.  With multiple funds under management, our extensive experience can help you. 

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Our services include the following:

  • Set up the SEIS or EIS fund.

  • Write all the investor documents.

  • Carry out a Section 21 review.

  • Help to launch the fund & raise investment.

  • Act as the ongoing investment manager.

Example funds currently managed by Sapphire

Fuel Ventures Fund

The Fuel Ventures Fund 4

The Fuel Ventures Fund invests in and provides support for early-stage technology businesses.  

The Creative England Investment Fund

The Creative England Investment Fund

The Creative England Investment Fund invests in UK based early-stage creative and digital businesses.

Sapphire will write the investment fund documents.

We have assisted numerous funds with their investor documents, including the FCA disclosures, the risks section, the investment management agreement and the investor application form. 

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Our services include the following:

  • Help with the SEIS/EIS fund structuring.

  • Help with the fund branding.

  • Draft the FCA disclosures.

  • Work with the custodian.

  • Draft the Information Memorandum.

  • Conduct administrative procedures on your behalf.

Sapphire can help raise money for the fund.

We can assist the SEIS/EIS fund raise finance - through introduction to platforms and authorised investment professionals. 

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Our services include the following:

  • Help to make sure the fund is investment ready.

  • Help the fund find investors.

  • Help answer investor questions.

  • We manage the SEIS/EIS fund.

Watch our introduction video.

 

Sapphire SEIS and EIS Fund Services

Download our free eBook guide to SEIS & EIS funds.

Our FREE eBook guide will help you understand SEIS and EIS funds.

  • What are SEIS/EIS funds.
  • Explanation of the tax benefits.
  • How to set a fund up.
  • The steps involved in raising finance.

Our eBook will save you valuable time and expense in your quest to launch a SEIS or an EIS Fund.

Fill in the form to request the eBook.

The Sapphire Guide to SEIS & EIS Funds
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Sapphire Capital Partners LLP is authorised and regulated by the Financial Conduct Authority.

Investing in start-ups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. Any investments are targeted exclusively at investors who understand the risks of investing in early-stage businesses and can make their own investment decisions. Any pitches for investment are not offers to the public.

In providing information about Sapphire Capital Partners LLP ("Sapphire") and Sapphire's services, Sapphire is not communicating and does not intend to communicate any invitation or inducement to any person to make any investment or divestment or to engage in investment activity, and is not offering to acquire or dispose of securities.  Investors should consider carefully whether an investment in a fund managed by Sapphire is suitable for them in light of the information in the respective information memorandum and with to their personal circumstances. Sapphire is not issuing, promulgating or providing any financial or other advice to any person. Before investing, investors are recommended to consult an appropriately authorised independent financial adviser.

 

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