Skip to main content
Tax Year ends in
00 days
00 hours
00 minutes
00 seconds
ProductSeneca EIS Portfolio ServiceMercia EIS FundVelocity EIS Technology FundVelocity SEIS Technology FundVala EIS Portfolio Service
Offer SizeEvergreenEvergreen£10 Million£1.5 MillionEvergreen
Minimum Investment£25,000£25,000£25,000£25,000£25,000
Maximum Investment None, but the maximum amount for which an investor can claim tax relief is £1 million per tax yearNone, but the maximum amount for which an investor can claim tax relief is £1 million per tax yearNone, but the maximum amount for which an investor can claim tax relief is £1 million per tax yearNone, but the maximum amount for which an investor can claim tax relief is £1 million per tax yearNone, but the maximum amount for which an investor can claim tax relief is £1 million per tax year
Initial Charge2.5% +VAT1%5%5%6%
AMC2% +VAT1.75%2%2%No other charges
Performance Fee 20% on returns in excess of original investment 20% on distributions over £120% on distributions over £125% on distributions over £120% on returns exceeding original investment
Custodian feeAnnual fee of £55 + VAT per Investor0.25% p.a.N/AN/AN/A
Offer Close DateEvergreenThree closes per year: 31 December, 27 March, 31 June31st March 2019.
Carry back available pre 5th April 2019.
31st March 2019.
Carry back available pre 5th April 2019.
Evergreen
Minimum Investment Period3 years to qualify for tax relief 3 years to qualify for tax relief 3 years to qualify for tax relief 3 years to qualify for tax relief 3 years to qualify for tax relief
LiquidityTarget: 4-5 yearsTarget: 5-7 yearsTarget: 5-7 yearsTarget: 5-7 yearsTarget: 5 years
Exit ChargeN/AMax. 0.35%N/AN/AN/A
Target Return£1.60-£1.80 per £1 invested2.5 x2.5 x2.5 x2 x
Loss ReliefYesYesYesYesYes
IHT ReliefYesYesYesYesYes
Investment ObjectiveCapital GrowthCapital GrowthCapital GrowthSuper Growth Capital Growth
Manager Seneca PartnersMercia GroupVelocity Capital AdvisorsVelocity Capital AdvisorsVala Capital
Tax-free GrowthYesYesYesYesYes
Tax-free DividendsNoNoNoNoNo
Income Tax ReliefYes. Subject to minimum holding period. Yes. Subject to minimum holding period. Yes. Subject to minimum holding period. Yes. Subject to minimum holding period. Yes. Subject to minimum holding period.

 

Get in Touch

Please do not hesitate to get in touch for further information on LightTower Partners or on the investment products we distribute.

Back to top

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

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