Request an Application Pack
Before completing the Application Pack, you should carefully review and understand the Information Memorandum and the Investor’s Agreement contained within the Application Pack. Remember that the proposal is NOT suitable for everyone, the information in the Information Memorandum does NOT constitute tax, legal or investment advice and you should seek your own independent advice.
Receive and Complete the Application Form
Once you have certified you meet the investor criteria and upon review of your self certification our Investor Relations Manager will share our Application Form for you to complete.
Financial Intermediary & AML Certificate/Investor & AML Certificate
Before submitting the Application Form, you should carefully review and understand the Information Memorandum and the Investor’s Agreement. Remember that the proposal is NOT suitable for everyone, the information in the Information Memorandum does NOT constitute tax, legal or investment advice and you should seek your own independent advice. Once submitted we will review the application and AML Certification within the Application Form then process your application.
The Jenson EIS Fund has a mandate to focus on long-term capital growth and enables private investors to invest in a range of committed and ambitious entrepreneurs and their early stage growing companies. The Jenson EIS Fund predominantly facilitates syndicated follow-on funding to its existing portfolio, external opportunities are also considered allowing us to benchmark against our existing opportunities. Investing in our portfolio across 5-10 entrepreneurial high growth companies per tranche, allows us to support management teams that we have a working relationship with whilst providing diversification across stage and sector.
To date, Jenson has invested into 31 EIS qualifying companies, two of those companies are no longer trading. As an EIS and SEIS Fund Manager, Jenson have learnt over the last ten years that losses are part of the early stage investment landscape and aims to mitigate and reduce those losses by running a generalist fund.
The Jenson SEIS Fund aims to target new innovative companies which are developing disruptive technologies with established plans and management teams, demonstrated growth potential with strong commercial opportunities with a planned exit strategy. The Fund is a generalist fund with a focus on tech enabled businesses, thereby the sector focus is agnostic and the type of businesses and opportunities can be anything that is SEIS compliant (typically small early stage companies in non-capital intensive sectors).
We aim to invest in 8 – 12 early stage high-growth companies per tranche based around the UK, in any sector, with an exciting growth story and a product that we feel has value.
To date, Jenson has made over 135 SEIS investments, 47 of those companies are no longer trading. As a SEIS Fund Manager Jenson has learnt over the last ten years that losses are part of the SEIS landscape and aims to mitigate and reduce those losses by running a generalist fund. Jenson works closely with their investee companies to help them develop and grow.
*Performance is based on the combination of realised and unrealised value. Investments are illiquid until any of the underlying Investee Companies are sold or float on a stock market. Past Performance is not a reliable indicator of future performance. As at 5 October 2022.
Frequently asked questions
What kind of companies will the Fund invest in?
The SEIS Fund aims to target exciting new innovative and disruptive technologies on a sector agnostic basis to be nurtured alongside existing investment opportunities that require follow on investment, via the EIS, to fully exploit commercialization of a proven business model. The fund has a mandate to focus on long-term capital growth and enables private investors to invest in a range of committed and ambitious entrepreneurs and their early stage growing companies. All companies will be small unquoted UK companies which have been trading for less than two years that qualify under the SEIS tax rules. The fund is a generalist fund focussing on tech enabled businesses. The type of businesses and opportunities will be SEIS compliant (typically small early stage companies in non-capital intensive sectors).
The EIS Fund has a mandate to focus on long-term capital growth and enables private investors to invest in a range of committed and ambitious entrepreneurs and their early stage growing companies. All companies will be small unquoted UK companies that qualify under the EIS tax rules. The Fund is a generalist fund with a tech enabled focus, thereby the sector focus is agnostic and the type of businesses and opportunities can be anything that is EIS compliant (typically small early stage companies in non-capital intensive sectors). The specific focus of the Fund is to target companies with: strong management, momentum in the business (i.e. not pure start-ups) and low risk for a start-up (e.g. have a low cash burn).
For our EIS dealflow Jenson has access to its existing portfolio of SEIS & EIS companies raising follow-on funding.
If I invest now will I be able to claim for 2022/2023 tax year?
The second tranche of our EIS Fund will be closing mid December 2023 and will be eligible for carry-back relief.
The second tranche of our SEIS Fund will be closing mid November and third tranche at the end of December both deploying within the 23/24 tax year allowing for carry-back to 2022/23.
When are you closing the fund?
The Funds are evergreen and are tranched with different close dates.
The next close date for our EIS Fund is mid December 23.
The next close date for our SEIS Fund is end October 23.
These close dates are subject to minimum and maximum raises being met.
Who can invest in these schemes?
Participation in the Fund is restricted to individuals who can be categorised as having the expertise, experience and knowledge to make their own investment decisions and to understand the risks involved in relation to the Fund, such characteristics being those of elective professional clients under COBS 3.5.3 R(1),
How will investments be monitored?
Jenson Funding Partners will constantly monitor and re-evaluate the Investments to ensure that they perform to their expectations. This will include regular board meetings, informal meetings with management teams and a review of quarterly financials against budget. Jenson will be working closely with the Investee Companies by providing additional business support services and in some cases a part-time finance director.
How do Investors check the progress of the Fund?
A formal valuation statement prepared by Jenson Funding Partners will be sent to Investors every six months.
Additionally, investors will have access to a portal where they can view their latest valuations, certificates and other documents relating to their investments.
How long will my investment be held in the Fund?
To maximise the growth available to Investors, it is intended that funds will be returned to Investors as each investment is realised. Given the early stage nature of these investments, realisations could take five to seven years.
What is the minimum and maximum I can invest?
The minimum participation by an Investor in the Fund under SEIS is £10,000. Participation in excess of this amount must be in multiples of £1,000. There is no maximum participation in the Fund, but income tax relief is presently restricted to a maximum investment of £100,000 under the SEIS and £2million under the EIS respectively. There is no limit on the amount of capital gains tax that can be deferred under SEIS, and no limit on the amount of business property relief for IHT purposes.
The minimum participation by an Investor in the Fund under EIS is £10,000. Participation in excess of this amount must be in multiples of £1,000. There is no maximum participation in the Fund, but income tax relief and CGT deferral is presently restricted to a maximum investment of £1million per person under the EIS.
Who owns the Investment in the Investee Companies?
The Investors are the beneficial owners of shares in each Investee Company in which the Fund invests. Each Investor’s Investment will be in proportion to his/her investment in the Fund subject only to any rounding where there are insufficient funds to buy a whole share. However, to allow efficient administration, shares will be registered in the name of the Nominee who will hold the shares on an Investor’s behalf as the Investor’s nominee, subject always to HMRC rules for ownership from time to time. Further details of the nominee arrangement are given in Investment Memorandum.
Can an Investor own an investment jointly with his or her spouse?
Investments in the Fund cannot be jointly owned, but each spouse can make a separate investment, and each can receive income tax relief on the first £100,000 in respect of SEIS Qualifying Investments or £1 million in respect of EIS Qualifying Investments but is subject to the limit of the amount of income tax and CGT due to be paid in the tax year by each spouse.