Seneca Partners have raised and deployed more than £60 million of EIS and VCT growth capital funds into 45 SMEs across 85 funding rounds since completing their first growth capital investment in 2012. With the pipeline of new opportunities looking increasingly buoyant, the target for 2020 is to invest a further £15 million.
One of Seneca’s differentiating features is their base in the North West. Seneca enjoy strong regional deal flow, particularly in the North of England, which means they’re exposed to many deals that other investors don’t see. This can be extremely useful, especially at a time when many investors are seeking to increase the diversification of their investment portfolio.
Another feature that makes Seneca one of the more distinguishable growth investors in the market is that their growth capital team invests across both unquoted and AIM-quoted companies. Off market deals come with the territory but being able to access AIM deal flow provides another source of deals and allows Seneca the flexibility to invest wherever they see the best opportunities.
John Davies, Seneca Partners’ Head of Growth Capital commented, “We are focussed on providing capital to well-managed businesses with strong leadership teams that can demonstrate established and proven concepts in addition to growth potential. All the investments made by Seneca’s VCT since launch have been co-investments alongside EIS capital we also manage. We believe this allows the VCT to participate in a higher number of investments of a larger scale into more established businesses than would have been possible on a standalone basis.”
John concluded, “We are pleased with the diversity and opportunity for growth that exists within our current portfolio and we’re looking forward to adding new investments in addition to developing our existing portfolio.”
Investing in VCTs and EIS puts your capital at risk. Past performance is not a guide to future performance.