Evolution EIS

Closed for new investment

An alternative investment fund

Evolution EIS

An 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.

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

Seneca Partners recommends that any investor seeks specialised financial and/or tax advice before investing. Seneca Partners does not provide advice and the information on this website, including but not limited to news, should not be construed as such.

Please confirm that you understand this warning and wish to proceed.