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Timelines – how long is each stage?

“Just don't give up on trying to do what you really want to do. Where there is love and inspiration, I don't think you can go wrong.”

Ella Fitzgerald

Stage 1 Online Application and Review

The Investment Manager to the Fund will review the proposal outline provided to us by your completing the Application Form. We aim to respond to you within 10 business days with a decision whether or not you will be invited to proceed to Stage 2.

Stage 2 First presentation

The first meeting is structured to last for an hour or more and commences with a prepared presentation from the applicant, followed by questions. Following this meeting, the applicant should expect to receive a communication within 10 business days advising if the Fund wishes to proceed further with your proposal.

Stage 3 Assessment, deal structuring, timeline & conditions

This stage could take anywhere from 4-6 weeks to carry out the necessary due diligence

Stage 4 Approval and conditional offer made on behalf of the Fund

Meetings are regularly scheduled in the Guernsey office of the General Partner of the Fund to consider investment committee decisions.

If the Investment Managers approve an investment, an offer letter will be sent to the applicant company outlining the terms and conditions of the offer, which will remain subject to legal, market and accounting due diligence.

Stage 5 Due Diligence and Legals

The due diligence, deal documentation and final approval process can take anywhere between 6 weeks and several months, depending on complexity or changing circumstance in the business. Management should therefore be prepared for this process possibly to take longer than may initially be anticipated.

Stage 6 Completion

On completion of the due diligence with the approved negotiated structure put in place and all deal documentation completed, funds are then transferred to the company by wire transfer and the transaction closed.

Stage 7 Post-investment monitoring

We expect throughout the term of the investment to be in touch with nominated contact(s) in each portfolio company at least monthly, in one capacity or another. We will usually have a Board Member appointed to each portfolio company.

Stage 8 Exit

We will aim to realise a gain within, in most cases, 3-5 years.