Lacomp sets up EIS fund for pre IPOs

Discretionary portfolio manager Lacomp has launched the first in a series of EIS schemes. The Lacomp British Enterprise EIS fund invests in pre IPO companies. The planned EIS schemes will invest primarily in early-stage British companies, prior to an Aim or Ofex flotation. They will be made available through IFAs and to direct investors. The first fund, which is aiming to raise around £5m, will invest in up to 10 EIS-qualifying companies, which will be start ups, early stage businesses or companies requiring expansion capital. The fund will have a life of between three and five yea...