Rivington Street Holdings Completes Fundraising for the EIS Fund
26-01-2010

Rivington Street Holdings (“RSH”), the PLUS quoted media and financial services group, is pleased to announce that it has successfully completed a GBP 700,500 fundraising for its fourth investment vehicle – The T1ps Smaller Companies EIS Fund (“the Fund”).

T1ps Investment Management (“TIM”), a subsidiary of RSH, will manage the Fund. The TIM team is already responsible for managing the SF T1ps Smaller Companies Fund, Worship Street Investments Limited and the SF T1ps Smaller Companies Gold ICVC. The SF T1ps Fund was launched in November 2007 and has consistently provided impressive returns. According to Financial Express data, it was the second best performing small cap fund in 2008 in the UK, the third best performing fund in 2009 and is the top performing small cap fund (out of 59) so far in 2010. No other fund has managed a top three appearance in more than any one year. The SF Growth fund is up by 81.8% over the past 12 months.

Worship Street Investments joined the PLUS market in June 2009 having completed a successful fundraising of GBP 1.3 million. Additionally, the SF T1ps Smaller Companies Gold ICVC completed a successful GBP 2 million fundraising in September last year. Following strong performance across its portfolio of funds, TIM has grown funds under management (“FUM”) to GBP 18.99 million as of 22 January 2010 – up from GBP 11.02 million as of the beginning of this financial year on September 1st 2009.

The T1ps Smaller Companies EIS Fund is a tax efficient fund issued under the Enterprise Investment Scheme (“EIS”) which offers significant tax benefits to eligible investors as well as being committed to generating risk appraised capital growth. It will seek to invest in established AIM and PLUS companies that have predictable cash flows and revenues and management with a clear strategy for significant growth.

Tom Winnifrith, the senior investment manager of t1ps Investment Management who has invested personally in the Fund said:

“We are delighted that we will now be advising a fourth vehicle. The performance of our funds to date speaks for itself and we very much hope to repeat this success with the EIS Fund. We are focused on growing our FUM both by continuing our proven stock picking strategy and adding new investment vehicles while we also aim to replicate the EIS Fund on an annual basis.”

He added:

“Investors in the Fund will not only benefit from attractive tax relief but from owning a slice of a portfolio built using our tried and tested formula. The Fund is designed for capital appreciation over the three year tax qualifying period with a spread of risk across a portfolio of investments.”

ENDS

ENQUIRIES

Bishopsgate Communications
Nick Rome

 

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