Puma launches EIS fund

The new vehicle will use a similar asset-backed investment strategy currently deployed by its VCT funds. The fund will target well-run businesses, seeking investor protection through real estate, stock and contracted receivables.

The EIS scheme provides 30% income tax relief on investment of up to £1m in both the current and previous tax year, as well as tax-free capital gains.

Puma EIS will accept minimum investments of £25,000 and will charge an annual management fee of 2% as well as an initial cost fee of 3%.

Puma VCT 10 is also in fundraising mode, seeking commitments of £5,000-200,000. The vehicle is expected to close in April 2014.

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• UK / Ireland
• United Kingdom