Industry Updates

Allenbridge approves three new funds for Kuber Ventures' platform

Wednesday, February 27, 2013

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Opalesque Industry Update - Kuber Ventures announces that three new managers have been approved by independent due diligence partner, Allenbridge, for its platform. The new additions bring the total number introduced in the first quarter of this year to nine, demonstrating the significant growth and interest in both Kuber Ventures and EIS investments as a whole.

The three new portfolios offer investors a complementary range of industry sector and strategy. The portfolios include Seneca Partners, Boundary Capital, and the AD (Anaerobic Digestion) Renewable Energy Fund.

Boundary Capital introduces an element of Seed EIS (SEIS) onto the platform, providing an EIS/SEIS hybrid approach for investors and a compelling alternative to pure seed funds. In addition, Seneca Partners focuses on businesses in the SME heartlands of Manchester, Birmingham and Leeds, while AD concentrates in small scale, anaerobic digestion plants which benefit from attractive government incentives.

As a result of the new additions Kuber Ventures, which is the industry’s first means of comparing, reporting and investing in EIS portfolios, has also been able to diversify and develop its offering through the introduction of model portfolios for investors.

Dermot Campbell, Managing Partner at Kuber Ventures comments: “We have seen exceptional growth in the first quarter of this year despite uncertainty in the industry over whether or not the FSA will classify EIS products under the Unregulated Collective Investment Scheme.

“While we intend to add more portfolios to the platform over the coming months, we will provisionally be capping the number of entrants despite high demand, so that we can ensure not only the best quality of portfolios but also to maintain an efficient reporting system.”

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