Ingenious Ventures, the private equity division of UK based investment and advisory group Ingenious, launched its new approved EIS fund with a target raise of £20m.
The Media Opportunities Fund will invest in dynamic growth companies across the creative and media industries.
According to a written statement, the fund has already established an attractive pipeline of potential investments and will be seeking to provide capital to companies in the next stage of their growth across the sector, including businesses in marketing services, fashion and design, e-commerce, publishing, gaming, live entertainment and audio-visual content production including TV, internet and mobile, displaying proven business models and established revenues.
As an approved EIS fund, investors may be eligible to receive the 30% tax relief this year on investments of up to £500k and will benefit from an exemption from capital gains tax on disposals of investments made by the fund.
The minimum individual investment is £10k.