MMC Ventures reopens MMC Growth Generation Fund for investors aged 18 to 35
London-based MMC Ventures has reopened its MMC Growth Generation Fund, the first fund of its kind which is specifically structured to give investors aged 18 to 35 years old the opportunity to invest in high growth firms. It also allows young investors to take advantage of Enterprise Investment Scheme or EIS tax benefits and give them the chance to build long term capital gains, a company statement said.
An event was hosted by MMC yesterday night at Morton's private members club to celebrate the reopening as well as provide young investors with the chance to know more about venture capital investing and convince them to take part in private company investment in the UK. Existing and potential investors met with successful entrepreneurs and the MMC Ventures team in the event to discuss and network.
The Growth Generation Fund was launched by MMC in January 2010 when the venture capital firm noticed the rising interest of a younger group of investors about the venture capital market. Through the fund, the young investors will be able to invest in hard-to-access private firms in the UK at a very affordable price and get the potential benefits.
In the statement, MMC Ventures Partner Rory Stirling said, "Much of our high-growth economy is built on the hard-work and innovative thinking of 18-35 year olds, yet this cross-section of the investor community rarely gets to access to an opportunity such as the Growth Generation Fund that - in addition to the usual tax breaks - is distinguished from any other fund in the market by the fact that we do not charge investor fees. We also believe that Growth Generation investors could be an invaluable source of exciting, fast growing companies. They are a collection of talented individuals who could be great additions to the management teams of our portfolio companies - and a source of prime strategic input into emerging trends in the new economy."