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.

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.
  
  

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. 

Example funds currently managed by Sapphire.

The British Robotics Seed Fund

The British Robotics Seed Fund invests in and provides support for UK based robotic start-ups.  

The Creative England Investment Fund

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

Sapphire can help raise money for the fund.

We can assist the SEIS/EIS fund raise finance. 

Our SEIS/EIS Fund Services Pricing Summary.

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