About Praetura EIS Growth Fund
The Praetura Growth EIS Fund focuses on businesses based in the north of England and other regions outside London, aiming to capitalise on a perceived £10 billion funding gap in these regions. It deploys investor funds within eight weeks of each soft close (on 30 April and 31 October), and supports its businesses with industry expertise via its operational partner scheme. Praetura Investments was established in 20.
This fund focuses investment on technology and healthcare businesses
Summary
| Fund Manager: | Praetura Investments |
| Tax Efficiency: | EIS |
| Sector Focus: | Technology & healthcare |
| Stage Focus: | Early-stage |
| Target Portfolio Size: | 8-10 companies |
| Minimum Subscription: | £25,000 |
| Closing Date: | 30 April 2024 |
| Website: | Learn more about Praetura EIS Growth Fund |
Fees
| Full initial fee: | 2.5% |
| Annual management fee: | 2% |
| Administration fee | nil |
| Dealing fee: | nil |
| Performance fee: | 20% |
Investee company fees
| Initial fee: | 4% |
| Annual charge: | £36,000 |
[Pros & Cons]
Pro: Promising track record.
Con: Portfolio concentration.
How does SyndicateRoom's Access EIS Fund compare?
By comparison, SyndicateRoom's Access EIS fund builds investors a large portfolio of 50+ companies across all sectors, co-investing with experienced angel investors (average IRR of 42%). Because venture capital returns follow a power law distribution (see our report on this), it is better to try and build large portfolios of quality companies, rather than trying to pick a small group, because startups have a high likelihood of failure regardless of their potential. With a larger portfolio, each individual failure represents a smaller percentage of your overall holding.
Our model is based on our proprietary analysis of the UK startup market which showed that, on average, the market as a whole grows by 28% each year. It's not possible to invest in the entire market, but with large portfolios and access to the most promising deals, investors can optimise their return potential (see our white paper).
We gain access to the most promising new startups by co-investing with the UK's most successful angel investors, who meet our strict performance and sector expertise criteria, while providing access to new businesses at very early stages and on exactly the same terms.
Our data-driven approach aims to work around the limitations of a single fund manager attempting to pick winners.
Our minimum investment is £5,000.
| Fund Manager: | SyndicateRoom |
| Tax Efficiency: | EIS |
| Sector Focus: | Sector Agnostic |
| Stage Focus: | Early-stage |
| Target Portfolio Size: | 50+ companies |
| Minimum Subscription: | £5,000 |
| Closing Date: | Evergreen |
| Website: | Learn more about the Access EIS Fund |
Are you the fund manager? Email tom@syndicateroom.com with any comments or amends.