Closed for new investment
An alternative investment fund
Evolution EISAn alternative investment fund , approved by HMRC under section 251 of ITA 2007, targeting a return of 1.6 to 1.8x*, six years after the closure of the fund, excluding any tax reliefs. The fund closed to further subscriptions on 3rd April 2018.
Ongoing costs and charges
Investors will only pay an annual management charge of 2% p.a. out of any exit proceeds that exceed the amount originally invested on their behalf. To date, no annual management charge has been levied.
Investors pay an annual custodial fee to the Fund’s Custodian. This is deducted form the amount set aside when they originally invested.
Up until April 2021, the Custodian was The Share Centre who charged £55 p.a. on a quarterly basis (with the last payment made in April 2021).
From April 2021, the Custodian is Woodside Corporate Services who charge £35 p.a. plus VAT.