Ian Battersby ian . battersby @ senecapartners . co . uk 01942 271 746
Ian Battersby is responsible for Seneca ’ s relationships with wealth managers and intermediaries and evolving investment strategies .
The growth in demand for our existing EIS growth capital portfolio over the last couple of years has been excellent and we expect this to continue . However , we understand that growth capital isn ’ t for everyone because whilst the target returns can be highly attractive , there are inherent risks attached to an investment in generally younger , growing companies . With our investment in the storage sector , the dynamics are significantly different because we are investing in freehold or long leasehold sites , tangible balance sheet items , which potentially afford investors a level of downside protection . With investors ’ funds being committed to bricks and mortar , the return profile is lower but the underlying security comfort is commensurately higher . The investment trajectory is therefore much flatter and returns are targeted at £ 1.20 per £ 1 invested . Perhaps more significantly , investors will receive 99.99 % of the first £ 1.20 * received on any sale proceeds , supplemented by a share of any proceeds above that figure . Management are incentivised above a return of £ 1.20 * which is consistent with all of our products by putting investors first and gaining our rewards based on successful investment outcomes .
Chris Bullough , Assistant Director of Corporate Finance at Seneca worked on the investment structure and financial modelling alongside Head of Private Equity , Tim Murphy , who led discussions with the management team who are operating under their new brand , SureStore .
* per £ 1 invested , net of any Custodian fees or advice fee facilitated
ONSIDE WINTER 2016 | 11