Growth Generation Fund
A new, uniquely structured fund specifically tailored to give
individuals between the ages of 18-35 the opportunity to invest in
fast growing UK companies.
Why we launched the Growth Generation Fund
We have observed a growing interest in venture within the 18-35
year old Growth Generation through our deal flow, our portfolio
companies and the team's personal network and so we have created
the Growth Generation Fund. This is the first fund of its kind
which is structured to provide a younger generation of investors
with access to very low cost and tax efficient venture capital
investing in the UK.
MMC launched this fund in January 2010 (with no fees) because we
believe Growth Generation investors will be an invaluable source of
exciting, fast growing companies; a collection of talented
individuals who could be great additions to the management teams of
our portfolio companies; and a source of prime strategic input into
emerging trends in the new economy.
The minimum subscription to the Growth Generation Fund is
£2,500, and maximum £10,000, which MMC will invest in at least four
businesses within 12 to 18 months. The Fund will invest exclusively
in companies that are EIS-qualifying at time of investment, often
alongside our EIS
Fund.
This fund is not currently open for subscription. However, we
intend to re-open it during 2012, so please do let us know if you are
interested in hearing more about the Growth Generation Fund.
Key aspects of the Growth Generation Fund
- Accessibility - significantly lower minimum
subscription of £2,500
- Low cost - no initial subscription fee or annual
management fee
- Simplicity - no time involvement required after
the initial subscription
- Tax benefits - EIS tax relief provides enhanced
investor returns (through income tax relief and capital gains
deferral) and downside protection
- Diversification - within 12 to 18 months the fund
will be invested in four EIS qualifying companies
- Transparency - investors receive a quarterly
update, annual tax package and portfolio valuation (independently
audited by KPMG)
- Access to portfolio companies - we organise an
annual investor event at which our portfolio companies are
represented