CALL US ON 020 3781 7375
Daedalus Partners LLP
A specialist provider of innovative, value added alternative investment opportunities
• Investing in a diverse range of sectors
• Over 40 years’ collective experience in finance and investments
• Leading EIS and award-winning SEIS provider
• Clear alignment of interest with investors
• Over £70 million of funds under management
Daedalus is authorised and regulated by the Financial Conduct Authority.
We currently have over £70 million of funds under management and invest across a range of sectors that are typically experiencing high growth or consolidation. Our investment portfolio includes mobile game and app development, international telecoms and bandwidth, food and drink, media and real estate businesses.
Our objective is to partner with best-in-class operational teams who share our core values of Innovation, Transparency and Integrity to help their businesses to grow and to create substantial value for investors. We firmly believe in putting our clients first, and at the heart of all of our investments there is a clear and tangible alignment of interests between Daedalus, investors and, where appropriate, the operational management teams.
Formed in 2011, Daedalus Partners specialises in sourcing unique investment opportunities that offer the potential for superior returns as well as the tax incentives available under the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).
"Daedalus work on many opportunities, both large and small"
The team at Daedalus is key to the success of the business. Some key members of the team include:
In simple terms, the services can be split into 3 main areas as covered below.
The team have a proven track record in successfully raising capital from private HNW individuals, as well as institutions.
Daedalus offers a unique and efficient service covering a broad range of attractive funding structures to asset and business managers.
CLICK HERE to contact us for more information
Daedalus offers Investors a diverse and innovative range of investment opportunities. We focus on sectors that benefit from local and national government support via the Enterprise Investment Scheme (“EIS”) and Seed Enterprise Investment Scheme (“SEIS”).
CLICK HERE to find out the benefits for Investors.
Daedalus is an FCA (Financial Conduct Authority) regulated entity and will work with third party product providers to promote and manage their opportunities for investors.
Daedalus can also offer Investors and Financial Intermediaries a financial appraisal and advice on third party investments.
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Services For Investors
Services For Organisations
At any one time, Daedalus has a selection of exciting opportunities available for Professional Advisers and their clients.
Please click on the highlighted opportunities below for further details.
Tesseract Interactive SEIS Fund 6
In addition to the above, we also have some other specialist opportunities that are not being widely marketed, such as an exciting opportunity to invest in a premium tequila brand.
International Bandwidth SEIS Fund 3
Daedalus has an excellent track record identifying exciting investment opportunities. A few highlighted opportunities can be seen by clicking on the images below.
Address: Daedalus Partners LLP, 59 – 60 Grosvenor Street, London, W1K 3HZ
Tel: 020 3781 7375
Please contact us or complete this form if you are interested in any of the areas we have covered on this site or any other areas. We look forward to hearing from you.
Daedalus Partners LLP is a limited liability partnership registered in England and Wales with registration number OC365551. Its registered office is at c/o Smith Pearman Chartered Accountants, Hurst House, High Street, Ripley, GU23 6AY. A list of members of the LLP is available upon request.
Daedalus Partners LLP, is authorised and regulated by the Financial Conduct Authority (Register number 564221), see http://www.fca.org.uk/register for registration details.
Information on this site is for general information only and is not intended to provide legal or other professional advice. You should not place any reliance on any such information. Although we do our best to ensure that information on this website is accurate and up to date, we make no representation or warranty of any kind about the accuracy, completeness or suitability for any purpose of any such information. We may make changes to the material on this website at any time without notice.
All intellectual property content on this site is either owned by or licensed to Daedalus Partners LLP. You will infringe our copyright or other rights if you reproduce any part of this website other than for your personal use without our prior written approval.
Our site may contain links to and from other third party websites, and if you use these links you leave our site. We do not control these third party websites and are not responsible for their contents. Use of any such websites is entirely at your own risk.
Daedalus Partners LLP (‘The Partnership’)
PILLAR 3 DISCLOSURE
As at 31st March 2015
The Capital Requirements Directive (‘the Directive’) of the European Union establishes a revised regulatory capital framework across Europe governing the amount and nature of capital credit institutions and investment Partnerships must maintain. In the United Kingdom, the Directive has been implemented by the Financial Conduct Authority (‘FCA’) in its regulations through the General Prudential Sourcebook (‘GENPRU’) and the Prudential Sourcebook for Banks, Building Societies and Investment Partnerships (‘BIPRU’).
Frequency of Disclosure
It is the intention of the Company to update its Pillar 3 on an annual basis (after the previous year’s annual accounts have been audited and finalised, unless circumstances warrant a more frequent updated. Disclosures will be published as soon as practicable following any revisions. The Company makes its Pillar 3 disclosure via its company website.
The FCA framework consists of three ‘Pillars’:
Pillar 1 sets out the minimum capital amount that meets the Partnership’s credit, market and operational risk;
Pillar 2 requires the Partnership to assess whether its Pillar 1 capital is adequate to meet its risks and is subject to annual review by the FCA; and
Pillar 3 requires disclosure of specified information about the underlying risk management controls and capital position.
The rules in BIPRU 11 set out the provision for Pillar 3 disclosure. This document is designed to meet our Pillar 3 obligations.
We are permitted to omit required disclosures if we believe that the information is immaterial such that omission would be likely to change or influence the decision of a reader relying on that information.
In addition, we may omit required disclosures where we believe that the information is regarded as proprietary or confidential. In our view, proprietary information is that which, if it were shared, would undermine our competitive position. Information is considered to be confidential where there are obligations binding us to confidentiality with our customers, suppliers and counterparties.
We have made no omissions on the grounds that it is immaterial, proprietary or confidential
Scope and application of the requirements
Daedalus Partners LLP (“the Partnership”) is authorised and regulated by the Financial Conduct Authority and as such is subject to minimum regulatory capital requirements. The Partnership is categorised as a limited licence firm by the FCA for capital purposes. It is an investment management firm and as such has no trading book exposures.
The Partnership is not a financial holding company as defined by FCA regulations and so is not required to prepare consolidated reporting for prudential purposes.
The Partnership is governed by its Members who determine its business strategy and risk appetite. They are also responsible for establishing and maintaining the Partnership’s governance arrangements along with designing and implementing a risk management framework that recognises the risks that the business faces.
The Members determine how the risk our business faces may be mitigated and assess on an ongoing basis the arrangements to manage those risks. The Members meet on a regular basis and discuss current projections for profitability, cash flow, regulatory capital management, and business planning and risk management.
The Members manage the Partnership’s risks business though a framework of policy and procedures having regard to relevant laws, standards, principles and rules (including FCA principles and rules) with the aim to operate a defined and transparent risk management framework. These policies and procedures are updated as required.
The Members have identified that business, operational, and credit risks are the main areas of risk to which the Partnership is exposed. Annually the Members formally review their risks, controls and other risk mitigation arrangements and assess their effectiveness. Where the Members identify material risks they consider the financial impact of these risks as part of our business planning and capital management and conclude whether the amount of regulatory capital is adequate.
The Partnership is a Limited Liability Partnership and its capital arrangements are established in its Partnership deed. Its capital contains only members’ capital contributions.
Our Partnership is small with a simple operational infrastructure. Its market risk is limited to foreign exchange risk on its accounts receivable in foreign currency, and credit risk from management and performance fees receivable from the funds under its management. The Partnership follows the standardised approach to market risk and the simplified standard approach to credit risk.
The Partnership is subject to the Fixed Overhead Requirement (‘FOR’).
The Partnership is a limited licence firm and as such its capital requirements are the greater of:
• Its base capital requirement of €50,000; or
• The sum of its market and credit risk requirements; or
• Its Fixed Overhead Requirement
We have not identified credit risk exposure classes or the minimum capital requirements for market risk as we believe that they are immaterial in the context of our business.
The FOR is calculated as an amount that is equal to one quarter of the firm's relevant fixed expenditure calculated in accordance with GENPRU 2.1.54 R.
The most recent audited report and accounts shows a FOR of £34,391 which is less than the base capital requirement of €50,000.
As market and credit risks are considered immaterial then we believe that base capital requirement of €50,000 adequately defines its capital requirements. Thus using an exchange rate of €1.4 = £1 then our capital requirements are currently £35,714 which is well within the level of regulatory capital held.
We consider this amount to be sufficient regulatory capital to support the business and have not identified any areas which give rise to a requirement to hold additional risk based capital.
Legal and Pillar 3 Disclosure