Onside Issue 5 - 11

Ian Battersby
ian.battersby@senecapartners.co.uk
01942 271 746
Ian Battersby is responsible for
Seneca's relationships with wealth
managers and intermediaries and
evolving investment strategies.

The growth in demand for our existing EIS growth
capital portfolio over the last couple of years has been
excellent and we expect this to continue. However,
we understand that growth capital isn't for everyone
because whilst the target returns can be highly
attractive, there are inherent risks attached to an
investment in generally younger, growing companies.
With our investment in the storage sector, the
dynamics are significantly different because we are
investing in freehold or long leasehold sites, tangible
balance sheet items, which potentially afford investors
a level of downside protection. With investors' funds
being committed to bricks and mortar, the return
profile is lower but the underlying security comfort is
commensurately higher. The investment trajectory is
therefore much flatter and returns are targeted at £1.20
per £1 invested. Perhaps more significantly, investors
will receive 99.99% of the first £1.20* received on any
sale proceeds, supplemented by a share of any proceeds
above that figure. Management are incentivised above
a return of £1.20* which is consistent with all of our
products by putting investors first and gaining our
rewards based on successful investment outcomes.

* per £1 invested, net of any Custodian fees or advice fee facilitated

ONSIDE WINTER 2016 |

Chris Bullough, Assistant Director of Corporate
Finance at Seneca worked on the investment structure
and financial modelling alongside Head of Private
Equity, Tim Murphy, who led discussions with the
management team who are operating under their new
brand, SureStore.

11



Table of Contents for the Digital Edition of Onside Issue 5

Contents
Onside Issue 5 - Cover1
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Onside Issue 5 - Contents
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