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The views and opinions expressed herein are those of the authors and do not necessarily reflect the views of LightTower Partners and its affiliates or employees. The information set forth herein has been obtained or derived from sources believed by the authors to be reliable. LightTower Partners does not make any representation or warranty, express or implied, as to the information's accuracy or completeness, nor does the author recommend that the attached information serve as the basis of any investment decision and it has been provided to you solely for informational purposes only and does not constitute an offer or solicitation of an offer, or any advice or recommendation, to purchase any securities or other financial instruments, and may not be construed as such.

18 May 2018

Jack Rose outlook on the tax efficient landscape

Jack Rose Head of Tax at LightTower Partners comments on the current tax efficient landscape. Click here to watch the full video. For more information about LightTower Partners contact us on 020 7071 3920.

Jack Rose Head of Tax at LightTower Partners comments on the current tax efficient landscape.

Click here to watch the full video.

For more information about LightTower Partners contact us on 020 7071 3920.

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10 May 2018

Seneca Partners launches its new VCT offering – Press Release

SENECA LAUNCHES ITS NEW VCT OFFERING Seneca Partners, the SME specialist with a focus on helping companies to grow, has now officially launched its new VCT offering; Seneca has partnered with existing Hygea vct plc and is launching a New B Share class.  The New B Share class will be managed by Seneca and will […]

SENECA LAUNCHES ITS NEW VCT OFFERING

Seneca Partners, the SME specialist with a focus on helping companies to grow, has now officially launched its new VCT offering; Seneca has partnered with existing Hygea vct plc and is launching a New B Share class.  The New B Share class will be managed by Seneca and will complement its existing tax efficient range which includes EIS and IHT offerings with total AUM of more than £75 million. The launch of its VCT offering means that Seneca Partners now offers a full spectrum tax efficient product range.

Seneca Partners is well positioned to enter the VCT sector – the independent, investment management and corporate advisory business focused on the Northern Powerhouse, is building on the strength of its existing EIS business, which invests in the UK’s growing businesses and since 2012 has completed more than 70 growth capital investment rounds across over 30 companies.

Hygea vct plc (which will be renamed as the Seneca Growth Capital VCT plc upon the first allotment of New B shares, expected in June) is aiming to raise £10m in its first year which is intended to be invested in a portfolio of seven to ten initial investments.

The Seneca Growth Capital VCT will have a generalist investment strategy, which will benefit from Seneca Partners’ expertise in the growth capital sector. The investment team is focused on both private and AIM quoted businesses which benefit from strong management teams, robust business models, attractive growth prospects and an expectation of delivering a profitable and timely investment exit.

One significant structural advantage of partnering with an existing VCT is that whilst the New B Share class will be completely separate from the existing VCT’s residual investments, it will benefit from the VCT’s existing distributable reserves, which makes it possible to pay dividends on the New B Shares from the first year. Partnering with Hygea has also allowed Seneca Partners to bring its VCT to market more quickly.

Richard Manley, CEO of Seneca Partners comments; “In the current landscape of pension reform and record levels of investment in the VCT sector, it is timely for Seneca Partners to launch our VCT offering which  allows us to provide another tax efficient access point for investors seeking exposure to our growth capital investment expertise. The recent legislative changes, including those brought about by the Patient Capital Review, make Seneca Partners’ proven experience in growth capital investing even more relevant than ever before.”

Importantly, Seneca Partners directors and senior management team will be investing in the New B Share class and costs to be borne by the New B share class are capped, with Seneca Partners also taking on the launch costs.

Please call Zoe Powell on 020 7071 3920 if you would like to speak to Richard Manley, CEO Seneca Partners

-Ends-

Notes to Editors

Seneca Partners

https://investing.senecapartners.co.uk/products-and-funds/vct-offer/

Seneca Partners is an award-winning specialist SME investment and advisory business.  Formed in 2010, and headquartered in the North West of England, the management team have extensive experience across a range of sectors, including private equity, corporate finance, wealth management, accountancy and stockbroking. Seneca won “Alternative Finance Provider” in both 2016 and 2017 at the North West Business Insider Awards

Seneca Partners is also the founding member of the Seneca branded network of companies which includes Seneca Investment Managers, a Liverpool based fund manager with more than £500 million under management (as at 31 March 2018), Seneca Finance Limited, a property bridging finance provider with a loan book of more than £20 million (as at 31 March 2018) and Seneca Property Limited who originated more than £25 million of property acquisitions in the 12 months to 31 March 2018.

This wider Seneca branded network of companies operates from 5 offices across the North of England and employs more than 60 people.

Hygea

Please see www.hygeavct.com and www.senecapartners.co.uk for further details.

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30 Apr 2018

Seneca exits Smart Storage and generates 6x return

Seneca Partners has sold its interest in North West based Smart Storage to a trade buyer, Kangaroo Self Storage, in a deal worth £13m. Click here to read the article in full. For more information about Seneca Partners and their current open offers , please click here or call on 020 7071 3926.

Seneca Partners has sold its interest in North West based Smart Storage to a trade buyer, Kangaroo Self Storage, in a deal worth £13m.

Click here to read the article in full.

For more information about Seneca Partners and their current open offers , please click here or call on 020 7071 3926.

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23 Apr 2018

Seneca Partners to launch growth-focused VCT

Seneca Partners has partnered with Hygea VCT to launch a new B share class, which will be renamed the Seneca Growth Capital VCT Plc upon the first allotment of the share class. Click here to read the article in full. For more information about Seneca Partners and their current open offers , please click here […]

Seneca Partners has partnered with Hygea VCT to launch a new B share class, which will be renamed the Seneca Growth Capital VCT Plc upon the first allotment of the share class.

Click here to read the article in full.

For more information about Seneca Partners and their current open offers , please click here or call on 020 7071 3926.

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9 Apr 2018

Jack Rose in Professional Adviser: An outlook on the VCT landscape

As the tax year draws to an end, Jack Rose (Head of Tax Efficient Products at LightTower Partners) reminds investors and their advisers they need to adapt to the new VCT rules and to the fact the best VCT offers will continue closing earlier and being available for shorter periods of time. Click here to read […]

As the tax year draws to an end, Jack Rose (Head of Tax Efficient Products at LightTower Partners) reminds investors and their advisers they need to adapt to the new VCT rules and to the fact the best VCT offers will continue closing earlier and being available for shorter periods of time.

Click here to read the full article.

For more information, please email info@lighttowerpartners.co.uk or call 020 7071 3920.

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28 Feb 2018

LGBR Tax renames as LightTower Partners

A new brand for rapidly growing tax-efficient adviser education and product distribution business   LGBR Tax has worked in partnership with investment managers at the forefront of the tax-efficient investment sector since 2012, to develop and distribute innovative products to investment intermediaries and educate advisers on how these products can benefit their clients. LGBR Tax […]

A new brand for rapidly growing tax-efficient adviser education and product distribution business

 

LGBR Tax has worked in partnership with investment managers at the forefront of the tax-efficient investment sector since 2012, to develop and distribute innovative products to investment intermediaries and educate advisers on how these products can benefit their clients. LGBR Tax has now renamed as LightTower Partners, reflecting the fact that the business has grown rapidly and now warrants its own brand, to differentiate it from its affiliate, LGBR Capital.

LightTower Partners will continue, independently and with industry partners, to provide its education, training and support service for advisers specifically focused on maximising opportunities for their clients, whilst providing distribution for investment-led managers in the sector. The comprehensive tax-efficient education programme includes a nationwide series of CPD accredited adviser events, Meet the Manager sessions, regular e-marketing product updates and educational media content aimed at the advisor market.

LightTower Partners undertakes distribution for investment managers across a full range of tax-efficient structures including VCT (Venture Capital Trust), EIS (Enterprise Investment Scheme), SEIS (Seed Enterprise Investment Scheme), BR (Business Relief) and IHT (Inheritance Tax) products with investment managers at the forefront of the sector.  Each of these government-sponsored structures operates under different rules and offers different tax planning benefits for advisers and their clients. This growth capital for UK SMEs is the fundamental reason for their existence in an effort to close the funding gap for smaller businesses.

Jack Rose, added; “The business has grown rapidly over the years, driven by increased adviser demand for tax-efficient investments to meet client needs. Recent changes to pension rules and a rising IHT burden have propelled new assets into the sector. We have responded to the real need for an effective and widespread ongoing adviser education programme, as deployed effectively these products can form an important part of an investor’s portfolio. Our new brand name demonstrates our ongoing commitment to the sector and its future, in partnership with our investment managers and adviser clients.

In a bid to raise awareness of the sector and increase understanding of tax-efficient products, their features and where they can help clients, in the last twelve months alone, we have hosted over 70 nationwide events attended by more than 200 adviser firms and 2,000 advisers on the full spectrum of tax efficient investment products from VCTs to BR. We have also commissioned two independent industry reports and participated in webinars, video tutorials, podcasts and contributed a regular educational blog.

“We have seen greater acceptance of the credibility of the sector and its benefit for investors, a better understanding of its role in the investment landscape and pensions environment, an improvement in its reputation and greater acceptance of the industry’s contribution to the UK economy.”

 

 

For more information about LightTower Partners contact us on 020 7071 3920.

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16 Jan 2018

Professional Adviser: LGBR Tax-efficient series a ‘must attend event for advisers’

Tax-efficient investment specialists Unicorn Asset Management, Maven Capital Partners, Triple Point and Seneca Partners are all speaking at LGBR’s EIS, VCT and IHT Forums, which will visit Harrogate, Manchester, Solihull and London (twice) between 25 January and 21 February 2018. To register or find out more, please click here. For more information LGBR’s range of tax efficient products, please click here or call on 020 7071 […]

Tax-efficient investment specialists Unicorn Asset ManagementMaven Capital PartnersTriple Point and Seneca Partners are all speaking at LGBR’s EIS, VCT and IHT Forums, which will visit Harrogate, Manchester, Solihull and London (twice) between 25 January and 21 February 2018.

To register or find out more, please click here.

For more information LGBR’s range of tax efficient products, please click here or call on 020 7071 3920.

 

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21 Dec 2017

Jack Rose: A round-up of the tax efficient year

The build-up to and subsequent outcome of the Patient Capital Review were major talking points for the tax-efficient space and, writes Jack Rose, its implementation and impact look set to be similar in the year ahead. Click here to read the full article. For more information LGBR’s range of tax efficient products, please click here or call […]

The build-up to and subsequent outcome of the Patient Capital Review were major talking points for the tax-efficient space and, writes Jack Rose, its implementation and impact look set to be similar in the year ahead.

Click here to read the full article.

For more information LGBR’s range of tax efficient products, please click here or call on 020 7071 3920.

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8 Dec 2017

Maven VCT Conference Call Recording – New £30m joint offer

Click here for the recording of yesterdays Maven VCT call with manager Bill Nixon. For more information about the conference call or LGBR Capital’s range of tax efficient products, please click here or call on 020 7071 3920.  

Click here for the recording of yesterdays Maven VCT call with manager Bill Nixon.

For more information about the conference call or LGBR Capital’s range of tax efficient products, please click here or call on 020 7071 3920.

 

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5 Dec 2017

Unicorn win Best Aim-Based VCT

Congratulations to Unicorn who’s excellence in the field was recognised last week at the second iteration of the Investment Week Tax Efficiency Awards where they collected the award for the Best Aim-Based VCT. Click here to read the full article. For more information about LGBR Capital’s range of tax efficient products, please click here or call 020 7071 3920. 

Congratulations to Unicorn who’s excellence in the field was recognised last week at the second iteration of the Investment Week Tax Efficiency Awards where they collected the award for the Best Aim-Based VCT.

Click here to read the full article.

For more information about LGBR Capital’s range of tax efficient products, please click here or call 020 7071 3920. 

IWTEA17-LOGO-WIN-Best Aim-Based-VCTs

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Disclaimer

In order to view the information on the LightTower Partners website (lighttowerpartners.co.uk) (the “Website”), you must accept the terms and conditions set out below (these “Terms”) and our separate Terms of Use. These Terms create a binding legal agreement between us. For your own protection and benefit, please read these Terms carefully before starting to use this section of the Website. During each visit to this section of the Website, you are responsible for being familiar with, and are bound by, the then current version of these Terms. If you do not agree to these Terms, please refrain from using the Website. By clicking “Accept” below and accessing the information and material available on the Website, you accept these Terms.

IMPORTANT NOTICE: For legal reasons the contents of the Website cannot be made available to US residents. These materials and any products described herein are not being offered or targeted to US persons or to US residents and access by them is prohibited.

This section is only for UK regulated financial advisers, wealth managers and others regulated by the Financial Conduct Authority.
This section is not intended for, and must not be accessed by, investors who would be classified as retail clients under MiFID. If you are in any doubt as to whether you would be deemed to be a ‘professional client’ or ‘eligible counterparty’, please seek professional advice and refrain from accessing this section until such advice has been obtained.

By clicking ‘I accept’ you confirm that you are an FCA authorised financial intermediary, you also confirm that:
(i) you are eligible to access this section of the website and that you are acting on the behalf of your client as their authorised adviser or are seeking information as a representative of an institution;
(ii) you understand that the information contained in this section of the website is provided solely for the use by the advisers of organisations or representatives of such organisations, and not for members of the general public;

I confirm that:

  • I have read and accept the Terms and Conditions of using this Website, detailed above;
  • I am a professional client or eligible counterparty for the purposes of the Conduct of Business Sourcebook of the FCA;
  • I will not make an investment in an Investment Product, or advise another to do so, if the promotion of the Investment Product to the type of investor I represent is prohibited;
  • I recognise that the information provided on this Website is for information purposes only and is not a solicitation of an investment;
  • I will study the Prospectus, KIID or Offering Memorandum of an Investment Product, including the risk factors before making an investment