Seneca Managed Storage EIS Fund 2

Key Points
  • EIS Fund investing in one or more EIS qualifying storage companies
  • At a fund raise of £10m, £5m will be invested into two companies, each developing 2x 50,000 sq ft storage sites – typically £2-2.5m per site
  • Investors will receive 99.99% of the first £1.20 of any exit proceeds per £1.00 invested (net of custodian fees and any advice fee facilitated)
  • In addition, investors will receive 20% of any exit proceeds above £1.20
  • Sites targeted on major arterial routes, with dense population, good access and no/low competition
  • Seneca will work alongside the experienced SureStore management team, which has developed 7 profitable storage sites to date
  • Target exit year 4
  • Unleveraged business model
  • Benefits from generous EIS tax reliefs
Seneca Partners
  • Since 2012, Seneca Partners has completed its 45th investment round into 28 EIS qualifying companies during the last 4 years
  • Seneca Partners is an independent investment management and corporate advisory business which specialises in the SME sector, dealing with UK based companies in the turnover range of up to £100m per annum
  • The team brings together decades of success in providing bespoke investment and advisory solutions for their clients across a multitude of financial areas
  • Seneca strives to mobilise your hard earned capital to support management teams and create value for shareholders

Fund Information

Fund StructureDiscretionary Management Service
Investment FocusUK based managed storage sites
Target Offer Size£10m
Min Investment£25,000
Max InvestmentNone, but the maximum amount for which an investor can claim tax relief is £1 million per tax year
Initial Charge2% + VAT
Commission/RDR FacilitationCan be facilitated by deduction from an investor's initial subscription
AMC2% + VAT
Custodian Fees0.35% Dealing fee, £55 p.a. + VAT Admin fee
Please see the Investment Memorandum & Application Form for full details.

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