Nova Managers Limited/Sapia Partners LLP

Nova Cofoundery SEIS & EIS Fund is a fund that aims to invest in 10 companies that are eligible for SEIS or EIS relief. The target return for each investee company is a three-year return of £2.18 after tax relief for each £1 invested (although investments are expected to be held for 5-7 years). Returns will be focussed on capital gains and investors are unlikely to receive any dividends. The aim is for the assets to be invested as soon as possible after receipt.