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Seneca Partners, the SME specialist with a focus on helping companies to grow, which already manages more than £30m in the Seneca EIS Portfolio Service, has launched the Seneca Managed Storage EIS Fund. The Fund provides investors with the opportunity to invest in the managed storage sector, whilst also benefiting from the tax reliefs afforded by the Enterprise Investment Scheme.

Seneca Partners has been invested in the storage sector since 2014, working alongside the management team responsible for operating its current portfolio of storage assets. This team has identified the opportunity to acquire a number of freehold and/or long leasehold storage facilities to further expand the estate of storage assets that it manages.

The Seneca Managed Storage EIS Fund provides investors with the ability to invest in this expansion whilst benefiting from both the tax reliefs available under EIS and the underlying asset value represented by the freehold or long leasehold managed storage facilities.

Ian Currie, Co-Founder and Director, Seneca Partners commented; “We believe that the underlying fundamentals of the managed storage sector, combined with the inherent asset backing of the storage sites has significant appeal. The sector benefits from low fixed operating costs, recurring revenues, low customer concentration and has also enjoyed increasing demand and yields in recent years*. With our management team having already reached heads of terms in relation to the first three target sites in which the Fund is looking to invest, we have targeted an initial fundraise of £10m.”


* Source: Cushman & Wakefield annual industry survey 2016

Seneca Partners Limited is authorised and regulated by the Financial Conduct Authority (reference 583361).

EIS and BR investment may not be suitable for all potential Investors.  Investments in unquoted companies generally carry a high degree of risk and may be of a long term and illiquid nature. The companies in which the Seneca Services and Funds invest will often not be quoted on any regulated market and, accordingly, there will not be an established or ready market for any such shares and the Portfolio or Fund Manager may experience difficulty in realising them (for value or at all). Seneca Corporate BR is an Unregulated Collective Investment Scheme (“UCIS”) and may only be promoted to persons who are sufficiently experienced and sophisticated to understand the risks involved in investing in such schemes, and who satisfy certain other criteria, as defined by the Financial Conduct Authority.

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