Seneca Partners has announced the launch of a new AIM-tilted EIS Fund offering investors a choice of five to ten investments, all in AIM-only quoted companies, with a targeted return of at least 1.5 times net fees before tax relief.
The fund will be invested in instalments, the first of which is now open for investment, with the aim of ensuring deal flow matches investor demand. Seneca Partners has eliminated annual management fees from the investment process and has set a minimum investment figure of £20,000. The fund is designed to complement Seneca's existing EIS Portfolio Service, which blends private and AIM-quoted investments. To strengthen the robust timelines of EIS investments, Seneca will seek to exit all investments from the funds within four years. OnePlanetCapital targets climate change with EIS l...
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