Clarendon Fund Managers | CO-Fund NI
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CO-Fund NI

How we can help investors

What Co-Fund WILL do

  • Seek pre-qualification of investors and investor syndicates, but on a deal by deal basis initially, assessing investors as well as investments
  • Engage with Investors as much as Companies, ideally it will be the investors making initial contact with the Fund
  • Assist private investors where required for example with setting out term sheets, discussing valuation principles and providing guidance on due diligence and the investment process

What Co-Fund will NOT do

  • Promote investment opportunities
  • Co-Fund NI engaging with a Company should not be considered a validation or endorsement of it as an Investment opportunity
  • Lead investment rounds or set the terms of investment
  • Carry out independent due diligence (expect private investors to have carried out adequate DD and share outcomes with Co-Fund NI)

What the Co-Fund will need to progress

  • A proposed investment where the investor is seeking engagement from the Co-Fund NI
  • Investor confirmations that they are a HNWI and/or Sophisticated Investor as set out the Financial Services and Markets Act 2000 (available on request once a specific deal is progressing)
  • Signing up to a set of Terms and Conditions for engagement with Co-Fund NI for the investor, and any connected person investing alongside the investor (available on request once a specific deal is progressing)
  • Ideally a term sheet which the Fund can adjoin (template available on request once a specific deal is progressing) setting out terms, any gap in funding and expected due diligence process
  • Engagement in a structured and planned due diligence process and sharing of information with the Fund
Prior to investment CFM will work in partnership with private investor syndicates to provide assistance and support, where required, to help facilitate the investment process without leading deals or making investment recommendations.  There will be an expectation that syndicates will share due diligence and review investment opportunities with the Fund.  The investors in any round which are being considered as match funding will have to be eligible investors i.e. High Net Worth individuals or Sophisticated Investors as set out in the FSMA.

Initially CFM will assess private investor syndicates and specific investments on a deal-by-deal basis but over time it is expected to move to a position where the Fund has a number of ‘pre-qualified’ partner syndicates.  After completing several transactions together CFM expects to have formed closer syndicate partnerships, which will enable the Fund to make a more rapid assessment of future eligible businesses that are being considered for investment by a partner syndicate.