Become an SCF partner

An essential condition of the SCF is that applicants be able to demonstrate experience in early stages and more hands-on investments where company creation, expansion and business development skills are critical.

The Scottish Co-investment Fund (SCF) is designed to be attractive to the Financial Service Authority (FSA) fully regulated funds and experienced syndicates that are not necessarily FSA regulated, but can demonstrate skills and experience in investing at the early stage of the market. All applicants will need to satisfy us that they have appropriate governance structures in place to meet acceptable legal and regulatory compliance standards.

The application process

The SCF team will review your application in detail and if deemed eligible, you will be contacted for an interview. If the SCF team is satisfied that all criteria have been met and any outstanding queries answered, a recommendation will be made to the Scottish Enterprise Investments (SEi) Advisory Board.

If successful, you will be asked to make a presentation to the SEi Advisory Board and answer any questions from members.  If approved by the SEi Advisory Board, you must enter into an ‘Arrangement Agreement’ with the SCF that identifies your obligations to SCF as a partner and the SCF’s obligations to you as a partner.

Once established as a partner, an allocation of funds is detailed in the Arrangement Agreement; this is a legally binding commitment and is reviewed every six months.  At the same time, the SCF team will review your performance, including investment activity and how transactions were conducted.

The partner is paid a flat arrangement fee of 2.5 per cent of the SCF funds invested.

Enquiries

For general enquiries about the SCF or to request an application form, contact our transaction team