Our performance enables tax free dividends for our VCT and tax free distributions for our EIS Funds. Some examples of recent Exits are below – our figures do not include tax reliefs:

• ActiveOps (March 2021) 6x return
• Open Orphan (March 2021) 1.6x return
• Genedrive (May 2020) 2.1x return
• Once Upon a Time (January 2020) 1.8x return
• Synpromics (August 2019) Details are not publicly available but return multiple significantly exceeded target of 2x return
• Horizon (September 2015 & August 2016) 1.82x
• Metropolitan Safe Custody (September 2016) 1.81x
• Scancell (April 2014) 8.2x
• Waterfall (December 2014) 5.3x

To view more examples of our exits click here.

We would be pleased to share independent reviews of each of our products, which contain our performance data. Please email [email protected] to request copies.

Evidence of the Fund’s successful approach is also demonstrated by our loyal investor base, many of our clients have invested in multiple Calculus Capital EIS Funds as well as our VCT. A large number of our investors are experienced fund managers and investment professionals who have discovered us through recommendations within the industry.

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Our focus is to find and back great management teams working in entrepreneurial companies successfully selling real products and services. These companies will then form part of our VCT and EIS Funds.

We offer capital appreciation with managed risk:

• Portfolio of a minimum of five companies for our EIS. Our VCT has a target of 40-50 companies
• Targeting entrepreneurial companies with proven management teams
• Target IRR of 20%
• Typical investment size £2-5 million
• Failure rates are typically lower and time to exit is shorter than for start-up investments
• Typically hold investments for a period of 4-5 years on average

We benefit from privileged sources of deal flow – a substantial number of investment opportunities come from management teams that we have successfully backed in the past, other sources include our investor base and industry relationships.

For more information about the EIS Fund click here,for the Calculus VCT click here,for the Creative Content EIS Fund click here

View Key Risks

Our long track record of successful exits is down to our talented investment team and the thorough and robust processes they follow.

• We execute in depth due diligence of investment opportunities using our experienced investment team and external parties, this process normal takes 4 – 7 months
• Our ‘hands on’ approach after investment means we constantly monitor performance and effect change when needed, we usually have a member of the team on the board
• Our talented investment team has experience in a diverse range of sectors. The core team has been together for over 10 years and we have since attracted significant talent from top institutions
• We always consider exit strategies before we make an investment and our detailed investment agreements are often written with this in mind

From the moment we invest in a company, a partnership is formed. We help our investee companies create value by actively supporting the business, sharing our market knowledge and connections and using our long standing experience of growing small UK companies.

We also run a series of ‘toolkit’ seminars including CEO forums and CFO workshops, where our portfolio companies can meet their peers, exchange ideas and hear from a leading industry expert. Often, the issues facing small businesses are similar regardless of sector. An upcoming forum is focused on ‘building a brand’, recent topics included ‘scaling up’ and ‘how to build a leading sales team’.