The OT(S)EIS The Start-up Fund is a discretionary portfolio service, which will provide a portfolio of investments in unquoted technology companies. The target return is an average annualised IRR of 25% over a 7- to 15-year period. Returns will be focused on capital gains, and investors are unlikely to receive any dividends, although this is not excluded. The fund is evergreen. The report goes into details of how the investment process works, sourcing and decision-making, exit strategies, post-investment governance and monitoring, fees and more. It also includes Hardman & Co’s unique fee calculation table, allowing advisors and investors to properly investigate their effect.