Par Equity has won Best EIS Manager at the prestigious 2021 EISA (Enterprise Investment Scheme Association) awards.
The Edinburgh-based VC, which specialises in investing in innovative technology companies in the North, was also highly commended in the EISA Impact Award.
Paul Munn, Managing Partner at Par Equity, said: “This coveted award from our industry body, EISA is a significant milestone for Par Equity and reflects the important and impactful work carried out by the entire team. It also represents the brilliant progress our portfolio has made and their collective ingenuity and hard work over the last 12 months navigating the challenges and opportunities of the pandemic. So, thanks to EISA for this recognition, thanks also to our supportive investor base and well done to our portfolio companies.”
Andrew Noble, Partner, said: “Our submission for the award focused on the consistency and quality of our performance. Par has returned cash to investors every year for the past nine years, and our return profile across all realisations to date is sitting at around 3.5x money invested.
“One of our distinguishing features is the multi-faceted support we offer our investee companies. Not only are we increasingly able to support our companies from first cheque to last, but we also layer on the expertise of our Investor Network and advisory community. It’s a force multiplier to our operations.
“We also campaign hard to improve the effectiveness of the industry. Recently we campaigned to extend the carry back feature from one to two years, which has potential to smooth the deployment of capital across early-stage businesses. Our financial adviser led survey showed universal support for this step, and on the back of this, we submitted a proposal to the Treasury”.
The award for Best EIS Manager of the year is a timely accolade for Par Equity, after winner a hattrick of awards at the UK Business Angel Association Awards 2021, including Best Angel Group of the Year.