New entrants are the lifeblood of the (S)EIS industry. Recognising this, Hardman & Co is leading a new initiative, the New Entrant Network, to support (S)EIS funds entering the investment market.
It has brought together a wide range of professional services providers with the specific aim of advising, educating and supporting new funds at the start of their journey. By understanding at the outset all the elements needed for a successful launch, the new entrant will be in a better position to come to market faster and in a more co-ordinated way.
A ‘new entrant’ is defined as anyone who is launching or has recently launched an (S)EIS fund for the first time.
Vilma Pabilionyte of Hardman & Co said:
“There are record numbers of new funds being created. We have come to realise that they all need help to set up and gain traction quickly. They need to understand the market as well as the available distribution methods. By bringing together providers of all different functions, and the right advice on what the market needs, we think that we can make an important difference to these companies and increase their chances of success.”
Hardman & Co has selected partners that it knows and trusts, and that have the same ethos and mindset in supporting new entrants. The New Entrant Network aims to facilitate introductions and referrals to help funds successfully launch and grow, with particular emphasis on:
Independent product reviews
Market research and marketing services
Fund management services
Custodian and administration services
Legal and regulatory advice
Adviser marketing and promotion
Insurance for providers and investee companies
Vilma Pabilionyte went on to say:
“The providers that we have spoken with and introduced the initiative to immediately saw the need for this service, and without exception, were keen to get involved.”