Parkwalk Advisors launches UK university spinout EIS fund
Parkwalk has £500m in assets under management and has invested in over 160 companies via its EIS funds.
The Knowledge Intensive EIS fund III aims to raise £15m for high-growth knowledge intensive companies, while providing tax benefits to investors via the Enterprise Investment Scheme, which offers tax relief.
The fund is the third in the series, first launched in January 2021, with the first two raising more than £45m since.
Some of the companies backed by the previous funds included clean energy technology provider Bramble Energy, semiconductor chip designer Accelercomm and veterinary biopharmaceutical company PetMedix.
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Moray Wright, CEO of Parkwalk, said: «Parkwalk has led the way in deploying tax-efficient investment to nurture and grow cutting-edge UK companies. We are incredibly proud to launch our latest Knowledge Intensive Fund, the third since 2021, as a continuation of our commitment to supporting our fast-growing science and deep tech sectors.
»The fund will sit alongside our evergreen Parkwalk Opportunities EIS fund, and will give our investors a simpler way to invest in EIS and access to our deal flow network. Much like a VCT, the Knowledge Intensive EIS fund provides only one tax certificate to investors.
«Having surpassed our fundraising target in our two previous funds ahead of schedule, and with both funds now fully allocated, we look forward to building on this success by targeting even more investment into high-growth businesses spun out of the UK's world-leading universities.»
Parkwalk holds £500m in assets under management and has invested in over 160 companies through its EIS funds.
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