Investment Process

Subject to the Managing Partners unanimously agreeing on proceeding with an application, a two stage process is employed:

Stage A:
At this stage an internal Seraphim paper is prepared which is an executive summary of the business with the key terms of the proposed investment. This stage is key in the investment process bringing in the wider network of the Advisory Board. Input from the Advisory Board will also highlight areas of concern, suggest areas of focus for due diligence, recommend specific contacts to approach for due diligence, indicate if they, or their wider network, are willing to co-invest alongside the Fund, recommend parties that may co-invest, recommend a specific potential lead investor along with any potential conflicts of interest.

Stage B:
A second paper draws on extensive commercial, financial and legal due diligence undertaken by the Managing Partners. The Advisory Board will meet to run through the paper in comprehensive detail. Following a period of review and debate the investee company management team will join the Advisory Board meeting for an extensive Q&A session. The lead business angel, who is investing alongside the Fund, will also join the Advisory Board meeting and will also be cross examined by members.