EverQuest Capital Partners is pleased to announce the launch of EverQuest EIS Fund II, a UK Enterprise Investment Scheme (EIS) fund focused on later stage venture and scale up businesses operating across advanced processes, materials and design technologies.
The Fund builds on the strategy, partnership model and early progress established through the EverQuest Fund I and continues EverQuest's strategic relationship with the Centre for Process Innovation (CPI), one of the UK's leading scale-up and manufacturing innovation organisations.
EverQuest EIS Fund II is designed to invest in high growth Deep MakeTech businesses, which develop technologies based on advanced science and engineering that underpin how complex products and materials are designed, manufactured, scaled and industrialised.
The Fund targets companies with clear commercial momentum and defined routes to scale and exit and looks for opportunities across sectors including advanced manufacturing, life sciences, semiconductors, sustainable materials, energy, automotive, agriculture and defence.
A key differentiator for EverQuest remains its partnership with CPI. CPI brings more than 20 years of experience supporting industrial innovation and has worked with a wide range of global corporates and industry leaders. These include GSK, Pfizer, Procter & Gamble, Johnson Matthey, Unilever and Rolls-Royce. Over this period, CPI has nurtured a number of high-growth technologies and businesses - such as Pragmatic Semiconductor - into world-class leaders. Through this ecosystem, EverQuest gains access to proprietary, off market opportunities not available to normal investors, deep technical diligence, and pathways to commercial validation and industrial partnerships that can accelerate scale up and exit readiness.
It is structured to qualify for EIS reliefs, subject to individual circumstances and HMRC rules, and aims to provide investors with access to companies addressing real industrial challenges rather than speculative technologies.
The Fund builds directly on the track record of the investment team and the wider experience of the EverQuest team, which has delivered circa £1.7 billion in cumulative realised exits across 20 realisations including 1 unicorn. A good example is the realised exit of more than 14x return on invested capital from a CPI related investment. This experience underpins the Fund's focus on disciplined entry pricing, active portfolio support and early preparation for strategic exits.
EverQuest EIS Fund II is designed to construct a focused, high conviction portfolio of later stage businesses that have already demonstrated meaningful technical and commercial progress. Capital is expected to be deployed over a defined investment period, with a strong emphasis on hands on value creation. Target returns are 3 to 5x invested capital over a 3-5 year time horizon.
EverQuest works closely with Kin Capital who are responsible for over £750m of venture capital assets on behalf of over 7,500 retail and institutional investors. Kin will work closely with EverQuest to ensure robust governance and disciplined execution.
EIS continues to play a significant role in the UK growth capital market. In recent years, billions of pounds have been invested annually into innovative small and medium sized companies through EIS, particularly in knowledge intensive and technology led sectors. While EIS investments are high risk and illiquid, long-term data shows that diversified portfolios can support attractive returns while helping to fund innovation, productivity and job creation across the UK economy.
EverQuest EIS Fund II aims to contribute to this ecosystem by backing companies with strong fundamentals, credible scale up plans and clearly identified exit pathways, while maintaining a disciplined and transparent investment approach.
Stephane Mery, Partner
at EverQuest Capital Partners, said:
"The UK has an exceptional base of science and engineering talent, but scaling
complex industrial technologies requires more than capital alone. Fund II
reflects our belief that combining investment discipline with CPI's technical
depth and infrastructure creates a powerful platform for long term value
creation."
Peter Smith, Partner at
EverQuest Capital Partners, said:
"EverQuest EIS Fund II
builds on everything we have learned through Fund I and our work alongside CPI.
By investing at the point where technology risk is better understood and
commercial scale is in sight, we believe we can support exceptional businesses
while offering investors access to high quality EIS opportunities."
Hannah Wade for MD of
CPI Enterprises and Partner of EverQuest added:
"CPI's partnership with EverQuest brings together capital, industrial expertise
and scale up capability. We work with many of the world's leading companies,
and through EverQuest EIS Fund II we are pleased to continue supporting
innovative businesses as they move from proven technology to commercial
reality."
