COVID-19: -

Our Commitment to Client Service & Investor Communications

with an option to include SEIS, in selected technology areas in which they have 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 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 close before the end of FY 2016/2017, but the manager is likely to extend this (subject to capacity).
  • Diversification: The manager expects to provide 20 investments in the fund spread across its four technology sectors.
  • 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 between £1.05 and £1.30 for each £1 invested and 30% above £1.30.



  • 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 who 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