b'A specialistKey features of investor Mercia EIS fundMinimum Investment: 25,000 Target portfolio size: Approximately 12-15 companiesDeployment timeframe: The EIS fund aims to be fully invested within 12 months of the fund closingA well-diversified portfolioTarget performance: Investors are demonstrating an increasing appreciation of risk,Mercia aims to triple invested capital (including income tax relief and loss relief)particularly against a backdrop of large valuations, dwindling returns and a new breed of Millennial investors that have seen titansClosing dates: unseated by new tech entering the market. We always have an EIS Fund open, with funds closing at the end of March, June and December of each year(This particular fund closes on the 26th March 2021)Tax-efficient technology fundOur Mercia EIS fund is a tax-efficient technology fund, optimised toTo retain the tax reliefs, source, support and scale UK growth enterprise across key sectors ininvestors must hold the investment for a minimum of three years, with holding periods expected to be five to seven yearswhich we have deep expertise. The Fund aims to provide investors with access to a portfolio of high growth opportunities in pioneeringOur funds are unapproved by HMRC, technology-driven businesses combined with a risk managedmeaning you can claim the tax reliefs based on when each underlying investment strategy and attractive tax advantages. investment is made. Each company in the fund will have received advanced assurance prior to an investment being madeComplete Connected CapitalAt the heart of our strategy lies the combination of CompleteInvestments are made into sectors Connected Capital Solutions and our unique investment strategy,which have modest capital requirements but high growth potentialdesigned to provide fledgling technology businesses with a single investment partner solution, in addition to a sector specialistFeesinvestment team and proprietary deal flow sources.Mercias fees are charged on the net subscriptionPerformance fee: A 20% performance fee is payable on Mercias EIS Fund targets businesses with proven commercialavailable for investment. The fees described excludereturns over the net subscription.traction, moderate capital requirements and competent,any applicable VAT. Payment of fees: The first three years of annual charges will experienced management teams across Life Sciences andInitial fee: 2% initial fee, which is reduced to 1% for existingbe withdrawn from the initial subscription, or as agreed with fund investors and fund advisors. the Fund manager. Fee payments for the subsequent three technology-driven sectors. Annual management charge: 1.75% of net superstition, whichyears may be able to be paid by exits, but if not, they will be will be charged for six years. invoiced.Custodian and administration fee: 0.25% of net subscription,Adviser fees: Upon instruction from the investor, an adviser will be charged for six years. fee may be payable to a financial intermediary or regulated Dealing charge: 0.35% dealing charge upon each investmentadviser, by subtraction from the Investors Subscription. and exit, with the maximum dealing charge on exit beingAlternatively, the investor can choose to directly pay a 0.35% of the net cost of the fund. fee to their financial intermediary or regulated adviser, independently of the Fund Manager.6 7'