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Why Invest

  • Strategy:  Exposure to a portfolio of technology companies that have a social impact core to their strategy.
  • Track record:  Although BGV has invested in 127 companies, there have only been a couple of successful exits to date.

The Investment Manager

  • Team:  The team is experienced, managing social impact investments since 2012.
  • Team size:  The team is small, and this may act as a slight constraint, although the use of an external mentoring team mitigates this.

Nuts & Bolts

  • Duration:  The Fund will have two closes in autumn 2020 and spring 2021. Bethnal Green Ventures (BGV) guides that exits will take between seven and ten years.
  • Diversification:  The manager aims to provide more than 20 investments with a minimum of 10. These will be spread across different stages of company progress and sectors.
  • Valuation:  Usually changes at next financing or on writedown.

Specific Issues

  • Fees:  Simple fee structure with investors paying an upfront fee and no annual charges.
  • Performance fee:  Charged at 20% on aggregate returns over 110% of subscription.

Risks

  • Target returns:  The target return of £2 for each £1 invested suggests a high-risk investment strategy.
  • Companies:  Supplying risk capital to early-stage technology companies. There will be a spread of company returns as the successful ones will do very well, but those who fail may do so completely.
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