Although investing on AIM through EIS funds and VCTs would appear to have several attractions, there are very few fund managers who invest in this area. Seneca Partners is one and we get fund manager Matt Currie to talk about it.
We cover many areas in the discussion. We talk about the differences in governance between AIM, fully-listed companies and unquoted companies and what this means for investors. We then go into the flow of investments, how strong it is and how brokers help. Matt also discusses the different level of diligence that is possible and how AIM-listed company management differs in how they raise from unquoted companies.
Matt also talks about what happens after investment. He talks about the relationship with company management and the challenges that some private investors present. We also discuss liquidity and selling shares, how exits on AIM need to be managed and the different approaches to doing that. Finally, we talk about the current market and what Matt sees about how companies are behaving.
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Matt Currie, Investment Manager of Seneca Partners, joined Seneca from the RBS Structured Finance team in January 2017 where he completed 15 Leverage Finance transactions, being primarily mid-market private equity deals. Working alongside the top private equity institutions in the region, Matt led deals across the Leisure/Consumer, TMT, Professional Services, Manufacturing and Infrastructure sectors. Prior to that Matt spent four years with Deloitte, qualifying as a Chartered Accountant and working on both audit and advisory engagements throughout the north west. Matt graduated from the University of Manchester in 2010 with a degree in Management with Accounting & Finance.
Disclaimer
Please note this podcast/interview does not constitute a financial promotion and is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any investments. Please be aware that investments into unquoted companies are high risk, long term and illiquid investments. Your capital is at risk. Past performance is not a reliable indicator of future performance. Target returns are not guaranteed and forward looking statements are illustrative only and must not be relied upon. Investors should only invest on the basis of reading the full offer documentation. Listeners must make their own independent decisions and obtain their own independent advice regarding any information, projects, securities, tax treatment or financial instruments mentioned herein.
