Calculus Capital has closed its EIS fundraising early.
The private equity fund manager said that it had reached its £20m target three months earlier than anticipated.
Calculus, which is a specialist in creating and managing private equity funds for individuals, said that the range and quality of investment opportunities it has been identifying is particularly strong. It has committed more than £20m to UK businesses in the past four months alone.
Calculus Capital Chief Executive John Glencross said: “Appetite for investing in unlisted UK smaller companies through the Enterprise Investment Scheme has been growing year-on-year. And it’s not surprising, given the breadth, depth and potential of the investment opportunities available, coupled with the extremely attractive tax reliefs that come with EIS funds, including 30% income tax relief, no CGT or IHT, and high returns that can be generated.
“We are very focused on quality and maintaining our strict investment criteria – we would rather wait for the right opportunity than invest just because we have money to deploy. But recently we have identified a number of very compelling and impressive companies, as our total investment of more than £20m in just a few months demonstrates.”
Recent Calculus investments include Jumptastic (UK trampoline park company), Weedingtech (environmentally-friendly weed killing technologies) and Collagen Solutions.