The Symvan Technology SEIS Fund 3 targets a return of £2.85 for every £1 invested over a five to six-year period.
Symvan said the UK has “consistently shined as a force for technological innovation” and the high-growth tech sector holds the potential to offer attractive returns.
In a statement the firm said: “We believe that the move away from traditional asset-backed or conservative EIS/SEIS products is a huge opportunity for investors and wealth managers, who desperately need to generate alpha in the difficult few years ahead.”
The launch follows confirmation that VCT and EIS investments had the support of the UK Treasury following a Patient Capital Review last year.
In his Budget speech Chancellor Philip Hammond doubled the maximum investment in EIS schemes from £1m to £2m so long as the money was invested into “knowledge-intensive” companies.
Kealan Doyle, co-founder of Symvan Capital, said: “We see this as enormously beneficial to investors and advisers, as it is effectively the Treasury ‘nudging’ them towards better investment incomes.”
He added: “The risk in investing in early-stage venture capital is high but the UK government has provided tax-efficient wrappers that dramatically alters the risk/return trade-off for investors in high growth companies, making such investments an integral part of most investment portfolios.
“Creating alpha in investor portfolios is going to be difficult in the next five years, and we believe that including proper venture capital funds is an essential part of any portfolio. Particularly the ones that don’t charge investors fees.”
There are no upfront fees or ongoing charges applied in the Symvan funds, only a performance fee of 20% on exit if the investment is successful.
