We are delighted to share with you our hot off the press Jenson EIS Fund Review carried out by Hardman & Co.
Hardman & Co has a long established reputation for high quality and independent research on small and mid cap quoted companies.
Some highlights from the report:
“The focus of the Jenson EIS Fund ‒ solely on follow-ons to existing SEIS and EIS investments ‒ is distinctive in the market. This strategy of following-on into successful companies is well-established in wider venture funds. It ensures a ready supply of deal flow, with the previous, ongoing contact meaning that diligence should be stronger than for new investments.”
“The fund is genuinely generalist, with exposure over time to a wide variety of sectors and business models. It also provides some stage diversification, although this may be limited in a single tranche. The recently simplified fee structure is also competitive relative to the market.”
“Within the business models, Jenson looks for those that are capital-efficient and scalable. All companies will be revenue-generating at the time of investment (unlike SEIS, which has some pre-revenue companies). Founders are required to have strong domain expertise. Deeptech tends to be IP-heavy, something Jenson feels is required by later funders.”