Why invest in us?

The Highgate Tech Fund Team is a group of successful technology entrepreneurs who have founded and grown many tech businesses

 

  • We charge no fees to investors, 100% of your cash is invested
  • We are business builders with a track record of exits via M&A and IPO's
  • We are here to invest and actively participate in exciting companies, helping them to grow and prosper
  • We are here to offer you a diversified portfolio of tech companies, aiming to provide you with a greater return
  • We are investing our own cash in this fund

Please download our brochure today and find out how you can both gain significant tax benefits under the EIS scheme and participate in investing in the sector which we believe is leading Britain out of the recession.

Highgate Tech Fund LLP is a member of the EIS Association

 Member of the EIS Association

www.eisa.org.uk

Costs/Management Charges/Performance Fees

NO FEES TO INVESTORS - 100% / 100% Rule

The Highgate Tech Fund 2 is an Investor Fee Free Fund. Investors are not charged any fees what so ever. This unique advantage allows investors to realise 100% of the EIS tax advantages and to have 100% of their investment actually put to work earning returns.

Overview

Highgate deploys a unique charging structure since the management team believes that their rewards should be in line with the successful delivery of results to Investors. In contrast to many EIS and similar funds, investors receive their tax reliefs based on the full value of their investment, not after the deduction of costs and VAT, so 100% of their investment is earning returns.

Performance Fee

Highgate do not charge management salaries or fees. The management return is achieved through participation in a performance fee aligned to investor returns. After the Investor has received an annualised return of 6% on their gross investment, the performance fee will be equivalent to 25% of Investor profits with the balance of 75% being distributed to Investors.

Investee Company Service Charge

6.5% of the total investment made and an annual charge of 2.25% (exclusive of VAT and paid quarterly in arrears) will be invoiced to the investee company. These charges cover the costs of legal, due diligence, EIS applications and compliance filings of the investment process. Highgate will normally supply additional resource such as marketing, PR, financial accounting etc. as the individual company requires. Highgate reserves the right to charge investee companies on commercial terms for services which are agreed to.

Introductory Comissions

Introductory comissions to authorised intermediaries are available and they should contact the Investment Advisor on 020 8785 5758 with their details and for confirmation of terms.

Terms of the Fund
  • Maximum Fund Size: £10m¹
  • Minimum Individual Investment: £5,000
  • Maximum Individual Investment: Unlimited²
  • Closing: final closing date 4th April 2012³
  • Life of Fund: 4 -5 years, extendible to 7 years
 
¹The Fund management reserves the right to increase the fund size at its discretion ²Please note that the maximum eligible for full EIS Relief is £500,000 per tax year per individual. Joint applications are not allowed but spouse applicants each have their own individual allowance ³The Fund management reserves the right to close the fund at any time prior to the closing date at its discretion
 
Other Information
 
Individual Investors are the beneficial owners of the shares selected by the Fund for both legal and taxation purposes. For administrative purposes, the shares are registered with the Fund Administrator which is appointed as proxy for the Investor, being the legal and beneficial owner, to vote on their behalf and to instruct the disposal of the shares.
 
The Fund Administrator will also apply for the relevant EIS certificates for Investors to claim their tax reliefs, which must be submitted to the Investor’s own Tax Inspector and is the responsibility of the Investor, not the Fund management. The certificate stating and confirming the EIS Relief obtainable by an Investor is on Form EIS 3 issued by the Fund Administrator after each Investment in an EIS Qualifying Company. An Investor cannot obtain EIS Relief regarding investment in companies within the Fund without the Form EIS 3. The latest date on which an Investor can claim EIS Relief is five years after 31 January following the tax year to which the claim relates.

 

Venture Capital

“Venture capital speeds the development of companies enabling them to transform ideas into marketable products and become industry leaders through first mover advantages.” 

Access to Venture Capital and the performance of vc backed startups in Silicon Valley -  Economic Development Quarterly 21

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Highgate Tech Fund LLP | 70 St Mary Axe | London | EC3A 8BE. | Tel: 020 8819 9934 | info@highgatetechfund.com