Wealth Club Interview: Matt Currie (Seneca EIS Portfolio Fund)

Wealth Club: We met with Matt Currie of Seneca Partners to talk about their EIS funds. Seneca has raised and deployed over £100 million of EIS and VCT money into over 50 SMEs since launch, exiting 22 to date. The EIS Portfolio Fund offers a spread of AIM and private businesses. So what kind of companies go into the fund? What’s their track record on returns? Ultimately, why should EIS investors consider Seneca as an investment manager? Watch the interview to learn more.

Contents of this interview:

0:00 Introduction
1:42 What does Seneca’s EIS fund aim to do for investors?
2:45 What type of companies does Seneca invest in?
4:53 How active an investor is Seneca?
6:29 Investing in SkinBioTherapeutics – a company focusing on the gut-skin axis
7:41 Investing in Polarean imaging, which specialises in lung scanning
8:13 Investing in Wejo – Seneca’s first “unicorn”
9:06 How does Seneca work with investees to add value?
10:16 Seneca’s exit track record – including Mission Labs
12:00 How risky is EIS investment? How many companies will fail?
13:57 Summary: why should EIS investors choose Seneca?

The opinions expressed in this video are the interviewee’s own and do not necessarily reflect the view of Wealth Club Limited. This interview, like our service, is not advice and the products featured are not suitable for everyone. EIS investments are higher risk and less liquid than mainstream investments. You could lose your capital. Tax rules can change and tax benefits depend on your circumstances. If you’re unsure an investment is right for you, please seek professional advice.

Important notice

The contents of this website are a financial promotion and are approved by Seneca Partners Limited of 9 The Parks, Newton-le-Willows WA12 0JQ.

The value of an investment in the Seneca Capital Growth VCT plc may go down as well as up, in which case an investor may not get back the amount invested. The share prices quoted may not reflect the VCT’s net asset value.

Seneca Growth Capital VCT plc’s investments include holdings in private companies which are small and which carry an above-average level of risk to capital and whose shares may not be readily marketable. It also invests in companies quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE) which is generally for smaller, emerging companies and carries a higher level of risk to capital than the main market of the LSE.  The past performance of Seneca Growth Capital VCT plc is not a guide to the future performance.

Any tax reliefs available to investors are dependent on personal circumstances and may change in the future. The tax reliefs available to certain investors in Seneca Growth Capital VCT plc are dependent on the VCT maintaining Inland Revenue approval. If this approval is withdrawn, the VCT will lose its status and all tax reliefs are likely to be cancelled. Investors must retain their VCT shares for five years to retain the up-front income tax relief. The tax rules and regulations governing VCTs are subject to change.

An investment in Seneca Growth Capital VCT plc may not be suitable for all investors. Investors should seek advice from a qualified financial adviser. Nothing on this website should be construed as investment or tax advice.

Seneca Partners Ltd is authorised and regulated by the Financial Conduct Authority.