The Board of Directors
The Board of Directors are responsible for the determination of the Company’s investment policy and strategy and have overall responsibility for the Company’s activities including the review of investment activity and performance and the control and supervision of the Company’s service providers, including the Portfolio Manager.
All of the Directors are non-executive and are independent of the Portfolio Manager and the other service providers.
The Directors will meet at least four times a year to, inter alia, review and assess the Company’s investment policy and strategy, the risk profile of the Company, the Company’s investment performance, the performance of the Company’s service providers, including the Management Team and the AIFM, and generally to supervise the conduct of its affairs. The audit committee will meet at least twice per annum.
The portfolio is managed by Augmentum Fintech Management Limited, a specialist fund management and advisory business whose experienced and entrepreneurial management team has a strong track record in fintech venture capital. The Portfolio Manager is based in London and is authorised and regulated in the UK by the FCA.
The Portfolio Manager has entered into service agreements with each of Tim Levene and Richard Matthews, the Co-Founders and Principals of The Portfolio Manager and whose biographies, along with information on the rest of the Augmentum Fintech Management Limited team, are set out here. The Company leverages The Portfolio Manager’s years of experience, expertise and networks in the fintech sector to drive value creation in its investee companies.
In addition, The Portfolio Manager consults with an advisory panel of individuals with particular industry expertise (the “Advisory Panel”). The key members of the Advisory Panel can be viewed here.
Modern Slavery Act 2015
As an investment vehicle, the Company does not provide goods or services in the normal course of business and does not have customers. Accordingly, the directors consider that the Company is not required to make any slavery or human trafficking statement under the Modern Slavery Act 2015.