Following another strong end to the 2017/2018 tax year, Seneca Partners has now invested in more than 42 SMEs and boasts over £50 million of growth capital funds under its management.
These latest deals include growth capital transactions across a variety of sectors, including fintech, e-commerce, telecoms and healthcare.
Seneca’s ability to transact at volume in the growth capital space is indicative of its unrivalled deal flow, particularly in the regions, a real USP that Seneca intends to leverage when investing through its new VCT offering launched last week.
Investment Director John Davies said “The recent growth capital investments transacted by Seneca demonstrate the wide range of businesses we are able to support, as well as the flexible approach we take into these investments. Having spent time to get to know the businesses and founders, we are able to structure funding packages that work for all parties, and provide support for management teams going forward. This investment expertise is of particular relevance in view of recent changes in VCT legislation, which has restricted the ability of VCTs to finance management buy-outs and acquisitions. Whilst this is a shift in investment strategy for many VCT managers, through the management of the Seneca EIS Growth Capital Fund and the Seneca EIS Portfolio Service, where funds under management now exceed £50 million, Seneca has extensive experience of managing growth capital investments of the nature now being targeted by other VCT managers under their revised investment strategies. We are looking forward to replicating this investment approach with our new VCT offering.”
It is important to be aware that not all investments in smaller unquoted companies are successful and investors must understand the risks inherent in such investing. If you are in any doubt then you must speak to a financial adviser. Investments in unquoted companies could put some or all of your capital at risk.