The SBS Later Stage EIS Fund

Key elements of the EIS Fund

The SBS Later Stage EIS Fund invests in companies where there is evidence of a strong customer acceptance of the product and service offered by the company, and where we believe we can add substantively to the knowledge and experience of the founder and the team as they prepare to move from scale up to commercialisation.

We often provide our finance in tranches which are progressively made available to the companies as they achieve their pre-agreed objectives. This approach is made possible because of the reporting which is provided by companies on a regular basis as well as the regular operations meetings that the Side by Side Partnership commits to each Portfolio Company.

To access our Fund documents, please click

  • Documents in this link include:
  • Application forms
  • Core Fund Documents: Investment Memorandum, Presentation, Executive Summary and Key Investment Document
  • Due Diligence: Example Due Diligence reports and questionnaires
  • MICAP Review
  • Portfolio Company Reporting: Example quarterly reports
  • Sidebyside Mentors: The CV's of our company mentors
  • Adviser Hour Videos
  • Promotional Material: The SBS Later Stage EIS Fund One-Pager and Q&A with John Bailye

Fund features

This Later Stage EIS Fund focuses on companies whose products and services have enhanced an existing market or created a new market through the application of technology.

No new investment is made until we have studied an exit program before we make an investment, although it is our intention to stay with the company until it is fully developed in its commercial role.

The high touch model means only eight companies are likely to be in the fund, with a new company not appearing until an existing company has left the fund.

Companies we invest in

Companies that have been making revenue for at least two years and are rapidly growing as they prepare to transition to commercialisation.

Companies where basic governance has already been put in place.

Companies where the founders must already have significant personal investments in the company (not just sweat equity) and be paying themselves modest salaries.

Companies that are reasonably and fairly valued.

Companies that have achieved real-world scale up experience which will have caused them to make changes to the original structure of their product or service.

Once a company successfully progresses through our fund, we will introduce them to our network of family office investors. This ensures long-term capital is available to the company on terms which do not dilute early investors to the degree commonly encountered with institutional or venture funding.

The people we invest in

We invest in companies that are led by passionate entrepreneurs who exhibit an underlying faith that they will resolve all problems that might arise in the future of their company.

In choosing founders or entrepreneurs to support, we look for:

Passion

Natural leaders

The ability to make quick decisions with only partial information

Evidence of respect for investors and shareholders

Evidence that they seek and take advice/guidance

Investment Committee

The members of the Investment Committee are:

Mark Brownridge
John Bailye
Boyd Carson
 

Independent Chairman of the Investment Committee

Mark Brownridge

Mark has over twenty years’ experience in financial services and prior to his current position he was Head of Research and Development at Mazars, a leading UK financial planning firm. Mark is highly qualified being a Certified Financial Planner, Chartered Financial Planner, Chartered Wealth Manager and Fellow of the Personal Finance Society and previously sat on the Chartered Institute of Securities and Investments Accredited firms committee and TISA’s Distribution Policy Council. Mark’s involvement with EIS began eight years ago and he has since championed EIS investing within a financial planning context and is extremely passionate about promoting the industry, increasing its effectiveness and ensuring the private sector continues to drive much needed funding to small companies.

The AIF Manager

Boyd Carson

The AIF Manager is headed by Boyd Carson, who has a considerable breadth of knowledge in the financial sector. Boyd has nearly 30 years’ experience in the accounting and corporate finance markets, having worked as a Director for PwC LLP’s mergers and acquisitions group in New York. Boyd is a Fellow of the institute of Chartered Accountants and was the 2015 winner of the EISA Rising Star Award. Boyd is currently completing a master’s degree in finance at Harvard University.