MICAP – MI Capital Research

MICAP – MI Capital Research

The following has been printed solely for on 17 July 2025, and should not be relied upon by any other party
  • Try MICAP for free
  • Login
  • No notifications
Welcome back
  • Research Tools
    • Overview
    • Investment Listing
    • Filter
    • Compare
    • Build Portfolios
    • Save your Research
    • Your Activity Log
    • Activity Log FAQ
    • MICAP Reviews
    • Review Process
    • MICAP Impact Scores
  • Market Information
    • Overview
    • EIS/SEIS Market Snapshot
    • VCT Market Snapshot
    • Enterprise Investment Scheme (EIS)
    • Seed Enterprise Investment Scheme (SEIS)
    • Venture Capital Trusts (VCTs)
    • Tax Treatment (EIS, SEIS, VCT)
    • Business Relief (BR)
    • Key Risks
  • Panel Support Services

EIS/SEIS Performance

Error..!

Close
Powered by MICAP

EIS/SEIS Performance


Below we consider the performance of the EIS/SEIS funds in the market today, based on the data supplied by the relevant managers.

Please note: where a specific fund does not appear below, it is because the manager has decided not to make the fund’s performance data available to MICAP subscribers.

Realised and Unrealised Returns Since Inception


  • The default view is the performance of all investments made by the funds since inception, but you can change the view to see the performance of all investments made by the funds in a specific tax year.
  • You can select whether the chart displays the performance of the funds based on realised exits only (with all unrealised investments held at cost), or you can include revaluations of unrealised investments only where there has been a new funding round into that company, or you can include all internally-calculated revaluations of investee companies (the default view).
  • You can also select whether you want to view the data as a Multiple of Money (MoM) or in terms of the amount invested by the fund.
  • Finally, you can select a fund on the y-axis to reveal that individual fund’s performance broken down by tax year.

Professional Licence subscribers can see the funds’ names on the graph below, and can hover over the data on the chart to see a breakdown of that data.

Valuation Methodology:  

Toggle x-axis:  % | £


Please note: where Internally-Calculated Valautions and/or Price-of-Recent-Investment Valuations have been hidden from the chart below, we assume that those holdings are held at cost.

Where a fund has facilitated a partial exit of a holding, the remaining holding will always be shown at the latest valuation as supplied by the relevant manager, regardless of any Valuation Methodology filters applied above.


Total Investment Realised Unrealised
0.0x0.2x0.4x0.6x0.8x1.0x1.2x1.4x1.6x1.8x2.0x2.2xFund 15Fund 24Fund 12Fund 2Fund 7Fund 50Fund 46Fund 10Fund 25Fund 41Fund 23Fund 9Fund 8Fund 34Fund 37Fund 53Fund 45Fund 22Fund 6Fund 38Fund 5Fund 11Fund 18Fund 44Fund 26Fund 47Fund 20Fund 54Fund 55Fund 29Fund 32Fund 51Fund 14Fund 31Fund 19Fund 3Fund 17Fund 36Fund 40Fund 43Fund 48Fund 33Fund 49Fund 28Fund 16Fund 52Fund 39Fund 42Fund 21Fund 1Fund 30Fund 13Fund 27Fund 4Fund 35


  • The default view is the performance of all investments made by the funds since inception, but you can change the view to see the performance of all investments made by the funds in a specific tax year.
  • You can select whether the chart displays the performance of the funds based on realised exits only (with all unrealised investments held at cost), or you can include revaluations of unrealised investments only where there has been a new funding round into that company, or you can include all internally-calculated revaluations of investee companies (the default view).
  • You can also select whether you want to view the data as a Multiple of Money (MoM) or in terms of the amount invested by the fund.
  • Finally, you can select a fund on the y-axis to reveal that individual fund’s performance broken down by tax year.

Professional Licence subscribers can see the funds’ names on the graph below, and can hover over the data on the chart to see a breakdown of that data.

  Back to overview

Valuation Methodology:  

Toggle x-axis:  % | £


Please note: where Internally-Calculated Valautions and/or Price-of-Recent-Investment Valuations have been hidden from the chart below, we assume that those holdings are held at cost.

Where a fund has facilitated a partial exit of a holding, the remaining holding will always be shown at the latest valuation as supplied by the relevant manager, regardless of any Valuation Methodology filters applied above.


Total Investment Realised Unrealised

Below you can see the total number of exits at or above par facilitated by each EIS/SEIS fund vs the total number of investments made by that fund. This includes partial exits where the aggregate exit proceeds and unrealised value of the remaining holding is at or above par.

Each dot represents an individual fund. The size of the dot represents the stage of company (seed, early or later) that the fund targets, and the colour of the dot represents the sector the fund primarily targets.

Professional Licence subscribers can hover over an individual dot to find out more about that particular fund.


Number of Investments vs Number of Exits at or Above Par


020406080100120140160180200220Number of Investments Made0510152025303540455055Number of Exits At or Above Par

-2 Technology General Enterprise Healthcare/General Enterprise/Technology Pharmaceuticals & Biotechnology Media & Entertainment/Sport & Leisure General Enterprise/Technology/Pharmaceuticals & Biotechnology

Below you can see the total number of below-par exits (including liquidations) facilitated by each EIS/SEIS fund vs the total number of investments made by that fund. This includes partial exits where the aggregate exit proceeds and unrealised value of the remaining holding is below par.

Each dot represents an individual fund. The size of the dot represents the stage of company (seed, early or later) that the fund targets, and the colour of the dot represents the sector the fund primarily targets.

Professional Licence subscribers can hover over an individual dot to find out more about that particular fund.


Number of Investments vs Number of Exits Below Par


020406080100120140160180200220Number of Investments Made0102030405060708090Number of Exits Below Par

-2 Technology General Enterprise Healthcare/General Enterprise/Technology Pharmaceuticals & Biotechnology Media & Entertainment/Sport & Leisure General Enterprise/Technology/Pharmaceuticals & Biotechnology

The MICAP Impact Assessment process is based on the Manager’s answers to our Impact Assessment Questionnaire, which may not be verified or audited by MICAP. The resultant MICAP Impact Scores should not be taken as financial advice or a complete and comprehensive analysis of the risks of investing in the investment, which are usually set out in the Information Memorandum, Prospectus or Brochure supplied by the Investment Manager.

Alternative and unquoted investments are inherently high risk and invested capital is at risk. Tax ramifications may vary depending on the investor's personal circumstances.

Company Information

MI Capital Research Limited (MICAP) registered office address:

Financial Research Centre
Pegasus Way
Haddenham
Aylesbury
England
HP17 8LJ

MICAP is a trading style of MI Capital Research Ltd, a company registered in England and Wales with registered number 08634361.

Terms

  • Acceptable Use Policy
  • Privacy Policy
  • Cookie Policy
  • Complaints Policy
  • Conflict of Interest Policy
  • Risk Warning

Risk Warning

Alternative and unquoted investments are inherently high risk and invested capital is at risk. Tax ramifications may vary depending on the investor's personal circumstances. Please consult our full risk warning on our site for more information.

MICAP does not give investment advice. Access to the platform is restricted to investment professionals such as financial advisers and wealth managers. Persons without such professional investment experience should not log in. Only information produced by an FCA regulated firm and issued or approved as a retail financial promotion should be shared with private investors.

About MICAP

  • Explainer Videos
  • Adviser Brochure
  • MICAP Features Guide
  • Glossary of Terms
  • Our Team
  • Testimonials
  • Contact Us

MICAP is part of Defaqto. Defaqto supports financial institutions, intermediaries and consumers to make smarter financial decisions. It has some of the most comprehensive data, mission-critical technology and unrivalled understanding of financial planners’ needs in the industry.