Highgate fund targets tech industry

Fund manager Highgate Associates has launched a second Enterprise Investment Scheme fund that will target high-technology businesses.


Fund manager Highgate Associates has launched a second Enterprise Investment Scheme fund that will target high-technology businesses.

Fund manager Highgate Associates has launched a second Enterprise Investment Scheme fund that will target high-technology businesses.

The fund, Highgate Tech Fund 2, aims to raise £10 million by July next year in two initial closes, with the first being January 31 next year.

Investors will have to commit a minimum £5,000 to the new venture. Highgate’s first fund, Highgate Tech Fund 1, raised £2 million before closing in March this year.

Highgate Associates chief executive and chair of the new fund Andrew Muir says: ‘Highgate Tech Fund 1 got us off to a good start. Highgate Tech Fund 2 builds on the first fund and investors will benefit from even greater tax efficiency.’

HMRC’s Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies to raise finance by offering a range of tax relief initiatives to investors who purchase new shares in their companies.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

Related Topics