EverQuest Capital Partners has launched EverQuest EIS Fund II, a UK Enterprise Investment Scheme (EIS) fund focused on later stage venture and scale up businesses operating across advanced processes, materials and design technologies.
The fund builds on the strategy, partnership model and early progress established through the EverQuest Fund I and continues EverQuest’s strategic relationship with the Centre for Process Innovation (CPI), the UK scale-up and manufacturing innovation organisation.
EverQuest EIS Fund II is designed to invest in high growth Deep MakeTech businesses, which develop technologies based on advanced science and engineering that underpin how complex products and materials are designed, manufactured, scaled and industrialised.
EverQuest EIS Fund II is designed to construct a focused, high conviction portfolio of later stage businesses that have already demonstrated meaningful technical and commercial progress.
Capital is expected to be deployed over a defined investment period, with a strong emphasis on value creation. Target returns are 3 to 5x invested capital over a 3-5 year time horizon.
EIS continues to play a significant role in the UK growth capital market. In recent years, billions of pounds have been invested annually into innovative small and medium sized companies through EIS, particularly in knowledge intensive and technology led sectors.
While EIS investments are high risk and illiquid, long-term data shows that diversified portfolios can support attractive returns while helping to fund innovation, productivity and job creation across the UK economy.
EverQuest EIS Fund II aims to contribute to this ecosystem by backing companies with strong fundamentals, credible scale up plans and clearly identified exit pathways, while maintaining a disciplined and transparent investment approach.
“By investing at the point where technology risk is better understood and commercial scale is in sight, we believe we can support exceptional businesses while offering investors access to high quality EIS opportunities,” said Peter Smith, partner at EverQuest Capital Partners.
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