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9Feb/110

Highgate Tech Fund 2 Gains Momentum Fast, Raising Record Funds in Run up to 31st Jan Initial Close for Tax Optimisation

Highgate Tech Fund 2 Gains Momentum Fast, Raising Record Funds in Run up to 31st Jan Initial Close for Tax Optimisation












Andrew Muir Chairman Highgate Tech Fund


London, UK (PRWeb UK) January 6, 2011

Highgate Associates and Enterprise Corporate Finance announces today that Highgate Tech Fund 2, the second investor fee free fund to be launched is already breaking fund raising targets just one month after release. Highgate Tech Fund 2 specialises in early stage UK based technology companies, supporting the wealth of entrepreneurs emerging from the current economic recession. Fund managers are prepared for a January rush on funding as investors look to EIS funds to optimise their tax positions and shelter capital gains.

Highgate Tech Fund 2 offers a unique approach and unlike other EIS funds will invest 100% of the funds raised into a portfolio of companies ensuring that investors receive the full benefit of their initial EIS relief. There are no fees charged to Investors and all money raised in the Fund will be transferred into shares across the portfolio of companies selected for investment by the Fund managers.

Highgate Tech Fund 2 is managed by Technology Industry veterans, a team of entrepreneurs who have successfully established, grown and exited high tech businesses globally for profit. The Investee businesses receiving investment from the Fund all benefit from this level of expertise to support the achievement of their business plans and forecasts. When Fund 2 finally closes at the end of July, the management team will have invested in a portfolio of between 6 and 8 early stage high tech businesses, all selected for investment based on clear acceptance criteria and extensive due diligence.

The success of this fund has been driven by the ‘famous 5’ EIS tax breaks, as well as the unique approach to fund management fees, the focus is on minimising the cost to investors and maximising the investment into the selected businesses. The Fund managers, who do not take salaries, will not achieve any benefit from the fund until it has delivered a minimum of 6% annualised return to investors.

Mr Andrew Muir, Co-Chair of Highgate Tech Fund 2 says “we are delighted to have successfully closed Fund 1, launched Fund 2 and to already be surpassing our targets, so soon after launch. The tax benefits of investing in an EIS Fund before the end of January are excellent for investors who want to optimise their tax positions. The Fund 2 Information Memorandum explains the Fund and benefits in detail for those who are interested.”

Highgate Tech Fund 2 is open to sophisticated investors with £5000 or more to invest in a portfolio of early stage high technology companies and has a first close date of 31st January 2011 and final close of 31st July 2011. This is a medium to long term investment opportunity with a 3-7 year exit strategy.

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