COVID-19: -

Our Commitment to Client Service & Investor Communications

The fund’s investment strategy is to invest in a diverse portfolio of EIS Qualifying companies, with an option to include SEIS, in selected technology areas in which Mercia has specialist knowledge.

Why Invest


Strategy: Exposure to a portfolio of technology companies across four sectors.


Track record:  Only a small number of exits to date, but the unrealised figures so far look promising.


The Investment Manager


Team:  A large, widely experienced team, with a clear strategy and sector specialisms.


Managing growth: Funds have been growing quickly, and care will be needed to manage team and systems growth alongside this.


Nuts & Bolts

  • Duration: The fund will have at least two tranche closings per year, in Q2 and Q4.
  • Diversification: The Manager expects to provide 15 EIS investments in the fund, spread across its four technology sectors, with up to 5 SEIS investments (subject to capacity).
  • Valuation: Reviewed every quarter. Investors will have ongoing access to information through Mercia’s client portal.


Specific Issues

  • Fees: Combination of direct fees and company charges.
  • Performance fee: Charged on a portfolio basis at 20% for returns over £1.



  • Target returns: The target return of tripling capital suggests a high-risk investment strategy.
  • Companies: Supplying risk capital to early-stage technology companies at the start of commercialisation. There will be a spread of company returns, as the successful investments will do very well, but those that fail may do so completely.

This report is available on request.

Request a meeting

If you'd like to be introduced to the team at Mercia Fund Management (Funds), get in touch.

Request a meeting