Par Equity

Par Equity is a UK venture capital firm operating through Par Fund Management Limited, which is directly authorised by the FCA under FRN 485668. The firm focuses on early-stage technology investments and has historically emphasised activity in the North of England, Scotland and Northern Ireland.

In June 2025 Par announced a merger with Praetura Ventures and Praetura Investments to form PXN Group, with combined regulated assets of c.£670M. Par Fund Management Limited remains the FCA-authorised manager within the PXN Group structure.

Par operates a hybrid model combining professionally managed EIS funds with co-investment from an angel syndicate (the Par Investor Network). The manager sources opportunities, performs due diligence and invests alongside syndicate members and other co-investors, then provides post-investment support through its network and partners.

Investors should expect active portfolio management typical of early-stage VC, with extended holding periods and limited liquidity options.

Core products historically offered include EIS and Knowledge-Intensive EIS fund subscriptions, a Natural Capital fund and a Northern Scale-up fund (the latter backed in part by public institutions) (not independently verified). The minimum subscription commonly cited is £25,000; confirm in the specific fund prospectus before subscribing.

Fees. Publicly available summaries reference an up-front deduction of c.5% covering an initial fee and several years' management fees, with an ongoing annual management fee and a performance fee payable once aggregate returns exceed a stated threshold (commonly referenced as 120% of an investor's aggregate subscription). Verify in the official prospectus before investing.

Par's funds are for UK investors eligible for EIS/KI-EIS who accept high risk, long-term, illiquid investments. The £25,000 minimum and fund structure mean these products are aimed at experienced or advised investors who understand venture capital risk and tax consequences. EIS investments carry a material risk of total capital loss and limited secondary market options.