Longbow Portfolio Service II Fund - SIPP
The Longbow Portfolio Service II (LPS II) was launched on 1 February 2013. It offers high net worth private investors (HNWIs) an opportunity to build a portfolio of unquoted Investments, selected by Longbow Capital - carefully monitored and supported through to the point of delivering sale realisations.
LPS II will invest in companies able to demonstrate a commitment to deliver growth over a 3 year period, seeking to achieve exceptional cash returns for investors. LPS II will normally invest Subscriptions from investors within one year of receipt of funds and the expected term of the underlying Investments will be between 3 and 5 years.
How to apply
In order to invest please read the Information Memorandum and then complete the Application form and return it to Longbow:
Offer Size: up to £10 million
Minimum individual Subscription: £25,000
Minimum LPS size: £250,000
Opening date: 1 February 2014
Closing Dates: 31 March each tax year for EIS reliefs in the same/previous tax year
An investment in the LPS should be based on all the information in the Infromation Memorandum, particularly the Risk Factors section in Appendix 1, and not just this document. If you are in any doubt about what action to take you should take professional advice from their appropriately qualified financial or tax adviser.
Some of the key risks are as follows:
The value of any Investment made by the Portfolio Service may fall or in some cases incur a total loss. Investors may not receive back the full amount invested
No guarantees can be given as to the investment performance or the level of return achieved from the Investments made or that the overall objectives of the Portfolio Service will be achieved
Investment will be in companies whose securities are not publicly traded or freely marketable, therefore realisations of such Investments can be difficult and may take considerable time. There may also be constraints imposed on the realisation of Investments by reason of the need to maintain the tax status of an Investment in the Investee Companies
Investors should not invest in LPS II if they require income. The level of income, generated from dividends from the underlying Investments and interest earned on funds awaiting Investment, is likely to be low