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
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Risk Factors
- Past performance of the Fund management is no guarantee of future performance. The value of shares in any investee companies may go down as well as up and Investors may not get back the full amount invested. Investors should not consider investing unless they can afford a total loss of their investment.
- The companies in which the Fund will invest will have no listing or quotation on any recognised stock exchange, although they may have or acquire a quotation on AIM or PLUS Markets or other trading platform. Therefore, there may not be a recognised or active market for the shares of investee companies and it may be difficult to sell or realise the investment or obtain reliable information about its value. Investors should not consider investing funds which are, or may be required during the life of the Fund.
- Investee companies will often be relatively small and highly dependent on the skills of a small group of key executives.
- Investee companies will often be especially vulnerable to changes in technology, government actions, changes in statute and competitive pressures. In particular, there may be changes to the EIS legislation which may affect Investor’s tax positions.
- Minority holdings in unquoted investments may be difficult to protect and difficult to realise. The timing of realisations of investments by the Fund cannot therefore be predicted.
- The tax reliefs referred to in this website and its related Information Memorandum are those currently applying or expected to apply. However, Investors should be aware that tax reliefs can change. Their applicability and value will depend upon the individual circumstances of a given Investor, and Investors should seek their own independent professional advice on their particular tax situation and the application of such tax reliefs prior to making an investment in the Fund.
- It is the intention of the Fund Board and Investment Committee to invest in companies which qualify under the EIS legislation but there is no guarantee that EIS status can be maintained throughout the life of the investment. Both investee companies and Investors need to comply with the requirements of the EIS legislation in order to maintain EIS Relief and non-compliance may result in the loss or partial claw-back of EIS Relief and potential interest penalties.
- Shares in companies which qualify under the EIS legislation will normally qualify for Business Property Relief for Inheritance Tax purposes. In order to secure this relief Investors must retain their shareholding in an investee company for a minimum of two years. The Fund Board and Investment Committee intend to invest in companies which qualify for both EIS relief and Business Property Relief.
- In addition, actions taken by an investee company and its Board, whether in breach of any undertakings given to the Fund on subscription or otherwise may result in the loss of the investee company’s qualifying status, and the consequent loss of CGT/EIS Reliefs for Investors on that subscription.
- Future government actions and legislation including taxation policy may affect the performance of the Fund and the return to Investors.
- In order to avoid any claw-back of EIS income tax relief, Investors must retain their shareholding in an investee company for a minimum of three years. Whilst the Fund management will do their best to maintain EIS tax reliefs, this cannot be guaranteed. The Fund management may dispose of Fund investments within three years where it considers it in the best interests of Investors as a whole to do so, which may result in the loss or partial claw-back of CGT/EIS Relief. IHT shares generally need to be held for a minimum of 2 years and disposal will result in the proceeds falling back into the Estate for IHT assessment if disposed within the 2 year period.
- Following a listing of an investee company’s shares on the London Stock Exchange, Business Property Relief for Inheritance Tax purposes will cease.
- EIS Qualifying Companies are usually at early stages in their development and as such may represent a higher risk than the average company profile invested in by British Venture Capital Association firms.
- The Fund Board and Investment Committee aim to invest funds promptly in order to obtain EIS tax certificates for investors on a timely basis. However, investee companies may not be suitable under due diligence and no guarantee can be given as to Investors being able to obtain tax relief in the current year. Although it should be noted that Investors may carry back their investment to the previous tax year preceeding the date of share issuance.