Syndicate Agreement
Individual investor’s funds are grouped to form the necessary funds to create a ‘cell’ or syndicate of investors.
A Syndicate Agreement is not a legal requirement, but is certainly “best practice” and clearly sets out the basis for investment and authorises the Trustees to take such steps on behalf of the investors in each cell.
The Agreement sets out the basis of the investment e.g. terms of the plan, exit strategy and gearing agreement for certain funds.
Syndication allows greater spread of investment and risk and enables investment in emerging markets.
Although investment is limited to a maximum of 10% of equity in the Genuinely Diverse Commercial Vehicle, there are no limits to the number of syndicates an investor can join.
The Syndicate Agreement is an integral part of the application process.
For a copy of the Syndicate Agreement please contact Goodmans Solicitors on 0800 0730385 or 0151 707 0900