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The EIS NavigatorHelping investors and entrepreneurs understand the UK venture capital industry, EIS, SEIS & VCTs Author: Brian Moretta, Hardman & Co
For those interested in the venture capital, particularly in the UK and investors through the Enterprise Investment Scheme, EIS, Seed Enterprise Investment Scheme, or SEIS, and Venture Capital Trusts. Guests are leading people in the industry, whether fund managers, company founders or experts from other service providers. The aim is to dig deeply into topics, getting away from the promotional material that predominates elsewhere. Venture capital investing is a long-term endeavour and we will focus on topics that are relevant at any time. New episodes come out every two weeks (although we do take holidays!) Your host, Brian Moretta, is Head of Tax Advantaged Services at Hardman & Co. The latter supplies independent research in the industry and he has examined many EIS funds, VCTs and companies. His background is an actuary turned fund manager who then moved into equity research. He also has some academic chops, being an Honorary Fellow at Heriot-Watt University where he does some lecturing. He has always had a strong interest in getting underneath companies, getting beyond the superficial and understanding how they really work and finds this space fascinating. Some of this is because transparency is hard, some because the industry is not well understood. This podcast is an attempt to shine a bit more light on what is going on. Every episode has show notes at https://hardmanandco.com/podcast. If you want to contact us or give feedback, whether about the podcast or anything else you can email us at enquiries@hardmanandco.com. Any feedback from listeners is welcome as well as suggestions for future guests. We really hope you enjoy the podcast! Language: en Genres: Business, Entrepreneurship, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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126 All star panel discuss EIS & VCTs in 2025 and look forward to 2026
Episode 126
Monday, 29 December, 2025
Now the successful Basics series is past, we return to normal programming with our usual year-end panel. An all-star group of experts get together to discuss what happened in 2025 and the prospects for 2026. This year, Philip Hare, Partner at Philip Hare & Associates; Kealan Doyle, CEO & Director of Symvan Capital and Ewoud Karelse, Specialist-Product at Evelyn Partners bring their knowledge and insight.In a wide ranging discussion we talk about:how investments and valuations are lookingwhether investors are keeping their hand in their pocketshow K-shaped the market is reallywhether we are really in an AI bubblethe return of exitstimescales to achieve exitsthe state of fundraising for EIS and VCTshow the budget changes affect the marketwhy the budget could help AIMwhere ESG has gonewhat will happen in 2026As usual, the panel bring a lot of knowledge and insights. A lot happened in 2025, so listen and find out what it all means for investors and advisers.00:50 Introductions01:45 The investing side of the market06:00 Are we in a K-shaped market?08:00 Comparing the current market with the tech bubble10:50 AI first companies and managers with experience13:20 Are we in an AI bubble?20:15 The return of exits25:00 Time to exit and fund lifespans28:15 How is fundraising?31:00 VCT fundraising and budget changes38:50 Effect of raising company investment limits in budget46:00 Effect on AIM companies49:00 Where has ESG gone?54:00 looking forward to 2026 - consultation60:00 The panel makes predictions!LinksEIS Assocation - https://eisa.org.uk/Symvan Capital - https://www.symvancapital.com/Evelyn Partners - https://www.evelyn.com/Philip Hare & Associates - https://philiphareassociates.tax/Subscribe to the EIS Navigator podcast on most services here: https://the-eis-navigator.captivate.fm/listenBioKealan DoyleKealan is CEO and co-founder of Symvan Capital. He has worked with venture capital companies for 15 years, both in a corporate finance advisory capacity as well as a fund manager. He prefers to invest in a wide range of technology companies, but is also very interested in finding synergies within the Symvan portfolio of companies. Company interests include big data analytics, fintech, SaaS, 3D printing and network security. Before his involvement in venture capital investing, Kealan previously lead a structured equity products team at HSBC, and has worked at Deutsche Bank, Merrill Lynch and UBS. Together...
