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About the company
Seraphim Space Investment Trust plc is a United Kingdom-based SpaceTech investment company. The Company seeks exposure predominantly to growth stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security. It intends to realize long-term value through exiting its investments over time. It invests internationally with a view to maintaining a diversified portfolio primarily located in the United States, United Kingdom and Europe. In addition to participating in new issues, it may also undertake secondary transactions that involve the acquisition of existing stakes. The Company's portfolio is expected to comprise 20 to 50 holdings. Its portfolio includes ICEYE, D-Orbit, ALL.SPACE, HawkEye 360, LeoLabs, SatVu, Astroscale, PlanetWatchers, Tomorrow.io and QuadSAT. The Company's investment manager is Seraphim Space Manager LLP.
- Revenue in GBP (TTM)10.45m
- Net income in GBP6.73m
- Incorporated2021
- Employees0.00
- LocationSeraphim Space Investment Trust plc5Th Floor, 20 Fenchurch StreetLONDON EC3M 3BYUnited KingdomGBR
- Websitehttps://investors.seraphim.vc/
Profile
| Management group(s) | Seraphim Space (Manager) LLP |
|---|---|
| AIC sector | Growth Capital |
| ISIN | GB00BKPG0138 |
| Launch date | 14 Jul 2021 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To generate capital growth over the long term through investment in a diversified, international portfolio of predominantly early and growth stage unquoted SpaceTech businesses with the potential to dominate globally.The Company invests internationally with a view to maintaining a diversified portfolio primarily located in the US, UK and Europe. The Company’s portfolio is expected to comprise 20 to 50 holdings. The Company will at all times invest and manage the portfolio in a manner consistent with spreading investment risk
Managed by
| Mark Boggett, James Bruegger, Rob Desborough |
|---|
Management & contract fees
The AIFM is entitled to a management fee of 1.25% p.a. of NAV up to GBP 300m and 1% p.a. of NAV above GBP 300m, payable quarterly in advance. A performance fee of 15% over an 8% hurdle with full catch-up, calculated on NAV annually.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Weiss Korea Opportunity Fund Ltd | 11.51m | 6.84m |
| Northern Venture Trust plc | 5.92m | 3.22m |
| Amati AIM VCT PLC | -8.06m | -10.96m |
| Octopus AIM VCT plc | 3.57m | 759.00k |
| Us Solar Fund PLC | -9.43m | -14.59m |
| Atrato Onsite Energy PLC | 4.84m | 2.07m |
| Rights and Issues Investment Trust PLC | 18.31m | 17.08m |
| Harmony Energy Income Trust PLC | -26.29m | -29.08m |
| Seraphim Space Investment Trust PLC | 10.45m | 6.73m |
| Northern 2 VCT plc | 5.51m | 2.85m |
| Northern 3 VCT PLC | 5.76m | 3.04m |
| Record Plc | 45.38m | 9.25m |
| CQS Natural Rsrcs Grwth Inc PLC | 13.30m | 9.13m |
| Invesco Perpetual UK Smlr Cos Inv Tr PLC | 28.79m | 26.52m |
| Artemis Alpha Trust PLC | 20.32m | 17.68m |
| Majedie Investments plc | 21.20m | 17.11m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Schroder & Co. Ltd.as of 23 Feb 2024 | 23.46m | 9.89% |
| Hargreaves Lansdown Asset Management Ltd.as of 29 Sep 2023 | 11.86m | 5.00% |
| Brewin Dolphin Ltd.as of 04 Oct 2024 | 11.86m | 5.00% |
| Asset Value Investors Ltd.as of 31 Jul 2024 | 6.28m | 2.65% |
| BlackRock Investment Management (UK) Ltd.as of 30 Sep 2024 | 2.00m | 0.85% |
| Jupiter Asset Management Ltd.as of 30 Jun 2024 | 1.50m | 0.63% |
| Activus Wealth Ltd.as of 29 Feb 2024 | 1.45m | 0.61% |
| Cerno Capital Partners LLPas of 30 Sep 2024 | 1.28m | 0.54% |
| Vanguard Global Advisers LLCas of 30 Sep 2024 | 1.21m | 0.51% |
| Adepa Asset Management SAas of 31 Oct 2024 | 1.00m | 0.42% |
