Investing in the potential of step change innovation

Newable Private Investing Scale-Up EIS 2018. Managed by FCA regulated Larpent Newton

Closed-ended FCA regulated EIS fund

£10m Target Fund size. Min £2.5m

£20,000 minimum investment

15% target return net IRR (before tax breaks)

10 target company portfolio size. Minimum 5

Fund remit: IP driven businesses raising capital to scale-up commercial operations

Timeline: 12 month investment cycle. Horizon 3-7 years from date of investment

Voting: Each investors have rights to vote on each fund prospect and have the opportunity to co-invest alongside the find. One votes per £5k invested, capped at £100k

Fees: Initial Subscription fee of 2% for advised/4% for non-advised clients. Annual management fee 1% (deferred after 2 years until realisation). Performance fee of 20% with 1.2x hurdle

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Investment proposition

Newable Private Investing Scale-up EIS 2018 Fund will invest to enable UK companies to scale-up emerging 4th Industrial revolution technologies to produce attractive returns. The Fund sees the potential of step-change innovations, where technical risk has been potentially mitigated by earlier stage funding, and where firms are beginning to commercialise their operations. We believe that investing at the intersection between technical and market risk, where access to capital is subdued, can potentially provide investors with a more favourable reward to risk opportunity when compared to earlier or later stage investments. The fund will build a diversified portfolio of companies across a number of tech led sub-sectors to reduce firm-specific risk.

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Investment Focus

UK Fourth Industrial Revolution game changing business sectors:

  • Hardware, components and firmware
  • Digital, software and cloud based
  • Med-Tech and life sciences (ex-therapeutics)
  • Space spin–off technology and ecosystem
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Investment Criteria

Companies with these defining characteristics

  • Revenue generating with a large and growing addressable market
  • Promising pipeline of sales
  • Technical risk significantly mitigated through product development and previous funding.
  • Capital efficient scalable business model, typically based on generating a growing stream of recurring revenues
  • High calibre and committed management team
  • Sustainable competitive advantage based on IP rich businesses.
  • Value rather than price plays.

Get in touch with our team