Isomer
Capital
Strategy: Early stage venture capital
Geography: Europe
Fund Life: 10 years
Investment Period: 5 years
Minimum commitment: €50,000
SPV closing deadline: 14 June 2023 - deadline for KYC is 26 May 2023.
Summary
Isomer Capital is involved in managing a series of fund of funds vehicles that focus on investing in promising venture capital funds across Europe. Their latest fund of funds vehicle continues this strategy, targeting emerging and established VC funds that demonstrate the potential for high growth and innovation in the technology sector.
The Isomer Team
JoeSchorge
Managing Partner
Chris Wade
Partner
Chloe Dagnell
Principal
Thomas Schneider
Partner
Michael Joyce
Principal
Omolade Adebissi
Principal
Key Terms
Key Fund Terms
Legal Name: Isomer Capital III SCSp
Jurisdiction and Fund Structure: Luxembourg Special Limited Partnership
Style: Venture Capital
Management Fee: None charged by Notion to investors in this SPV
Carried Interest (profit share/performance fee to the fund manager): None charged by Notion to investors in this SPV
GP Commitment: the team's investment will form a minimum of 2% of all equity commitments in the fund
Fund Term / Life: 10 years, with the fund able to extend the fund life by 1 year twice subject to votes from investors
Mara SPV / Feeder Terms
Legal entity: UK Nominee Ltd, also referred to as a "Bare Trust"
One off entry fee and establishment expenses: investors pay 0.5% of committed capital
All in ongoing fees and expenses: annual fee of 0.3% based on committed capital
Tax Status: Tax Transparent- no tax at the entity level but you will be charged local tax based on your jurisdiction
Capital Call / funding schedule: provide the following as a % of your commitment as per the following schedule
16 June 2023: 40% of your commitment
1 July 2024: 40% of your commitment
1 July 2025: 20% of your commitment
Fund Documentation
Below you will find Isomer Capital's Limited Partnership Agreement (LPA). Please read through these and one you are done, click on the link below to generate the application form for our SPV.
Fund Documentation
Below you will find Isomer Capital's Limited Partnership Agreement (LPA). Please read through these and one you are done, click on the link below to generate the application form for our SPV.
Provide us with documentation for KYC
We utilise SumSub, a certified KYC provider to help process your documentation to verify your identity and pass AML checks. You can upload your documents via their portal, which is accessible by scanning the below QR code or by clicking this link:
You can mix and match how you upload documents and your progress will be saved. For example, you can scan the above QR code on your phone to take a picture of your ID and click the above link on your computer to upload your proof of address.
Check your required documents
1. Passport / ID and Proof of address (utility bill, bank statement, mortgage statement, dated within 3 months)
2. All documents need to be certified by a lawyer, notary or accountant in your local jurisdiction. Important that certification is done by a digital signature, otherwise original documents need to be posted.
Should you face any difficulties with uploading the documents onto SumSub, feel free to share them to client.services@marainvest.com instead
Sign up and invest now
Click one of the following forms to generate the appropriate Application Form, whether you are investing in your own name or via a personal investment vehicle/on behalf of a corporate. Please also read the Nominee Agreement (for reference only).
Our client services team is on hand to answer any questions, get in touch at sasha.batica@marainvest.com or book a time to chat with us
Any questions
Frequently asked questions
Mara Invest Limited is an appointed representative of Talbot Capital Limited, which is authorised and regulated by the Financial Conduct Authority. Our profile on the FCA
register can be found here. Mara Nominees Limited is a separate dormant administrative entity that will hold the shares of investors.We can accept any investor jurisdiction that your fund has permissions to accept.
The Nominee is merely a legal entity to hold interests in your Fund on behalf of the investor, with no discretionary investment decisions being made for investors by us.
As such, investors are making the decisions themselves to invest in the Master Fund and are not advised to do so by any investment manager. Additionally, the Nominee
does not have an Investment Policy statement or an Investment Management Agreement between investors. All these factors deem the Nominee not to be an AIF.Mara making a single commitment to the Fund on behalf of multiple underlying investors. This would result in your Fund’s administrator dealing with a single named LP,
and providing a single capital account statement etc.We conduct KYC on all investors. We are happy to share any KYC/AML information on each investor to save you doing the work, but other fund manager clients have
been happy with us signing a “letter of comfort” attesting to us doing these checks appropriately and providing aggregated information on underlying investors.Our SPV also takes care of FATCA reporting on each underlying investor, so our SPVs can be an effective tool for you to effectively outsource this burdensome work to
us to save you time and money.We work with you to determine the appropriate capital call schedule for our investors in line with your forecasted deployment schedule. We may call 100% of investor
capital at day 1 if you plan to invest over 1-2 years, or we may instead call 25% at day 1 if you have a steady deployment pace over 4 years.If we have a drawdown structure, a side letter will be required to protect other investors in our SPV from any liabilities brought about by any one defaulting investor in the
SPV. Typical LPAs treat the whole SPV entity as a defaulting investor even if only one investor happens to default. We have templated for this to share with your legal
team.
Mara Invest Limited is an appointed representative of Talbot Capital Limited, which is authorised and regulated by the Financial Conduct Authority. Our profile on the FCA
register can be found here. Mara Nominees Limited is a separate dormant administrative entity that will hold the shares of investors.We can accept any investor jurisdiction that your fund has permissions to accept.
The Nominee is merely a legal entity to hold interests in your Fund on behalf of the investor, with no discretionary investment decisions being made for investors by us.
As such, investors are making the decisions themselves to invest in the Master Fund and are not advised to do so by any investment manager. Additionally, the Nominee
does not have an Investment Policy statement or an Investment Management Agreement between investors. All these factors deem the Nominee not to be an AIF.Mara making a single commitment to the Fund on behalf of multiple underlying investors. This would result in your Fund’s administrator dealing with a single named LP,
and providing a single capital account statement etc.We conduct KYC on all investors. We are happy to share any KYC/AML information on each investor to save you doing the work, but other fund manager clients have
been happy with us signing a “letter of comfort” attesting to us doing these checks appropriately and providing aggregated information on underlying investors.Our SPV also takes care of FATCA reporting on each underlying investor, so our SPVs can be an effective tool for you to effectively outsource this burdensome work to
us to save you time and money.We work with you to determine the appropriate capital call schedule for our investors in line with your forecasted deployment schedule. We may call 100% of investor
capital at day 1 if you plan to invest over 1-2 years, or we may instead call 25% at day 1 if you have a steady deployment pace over 4 years.If we have a drawdown structure, a side letter will be required to protect other investors in our SPV from any liabilities brought about by any one defaulting investor in the
SPV. Typical LPAs treat the whole SPV entity as a defaulting investor even if only one investor happens to default. We have templated for this to share with your legal
team.