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Our History

Calculus is a pioneer of EIS, having created the first UK approved EIS fund in 1999. Since then, we have gone onto to launch a generalist EIS Fund every year and multiple VCT share issues, and in October 2022 we launched our first Knowledge Intensive EIS Fund.

We have built a strong reputation as an investor in EIS and VCT Qualifying Companies through our multi-award-winning Calculus EIS Funds and the Calculus VCT. Our focus on capital appreciation, a diligent investment and monitoring process and our record of profitable exits distinguishes us from other EIS and VCT fund managers.

What people say

Calculus has a strong market profile in the tax-advantaged sector, with a long track record as an EIS Manager, launching the first ever Approved EIS fund in 1999.

MJ Hudson Allenbridge, EIS Review, October 2021

One of the longest-standing managers in the VCT/EIS area, Calculus has a highly experienced and stable team.

Hardman and Co, Calculus EIS Fund Review, December 2021

Calculus benefits from having a very established and credible team, particularly at the senior end who have remained at Calculus since inception, which should be beneficial to potential investors.

MICAP, Calculus EIS Fund Review, May 2022

Team

Photo of Susan McDonald, Chairman and Co-Founder at Calculus Capital, London

Susan McDonald

Chairman and Co-Founder

Photo of John Glencross, CEO and Co-Founder at Calculus Capital, London

John Glencross

CEO and Co-Founder

Photo of Julie Ngo, Chief Operating Officer at Calculus Capital, London

Julie Ngo

Chief Operating Officer

Photo of Richard Moore, Co-Head of Investments at Calculus Capital, London

Richard Moore

Co-Head of Investments

Photo of Alexander Crawford, Co-Head of Investments at Calculus Capital, London

Alexander Crawford

Co-Head of Investments

Photo of Dominic Harris, Head of Portfolio Management at Calculus Capital, London

Dominic Harris

Head of Portfolio Management

Photo of Arvind Shandilya, Investment Associate at Calculus Capital, London

Arvind Shandilya

Investment Associate

Photo of Aitian Li, Investment Associate at Calculus Capital, London

Aitian Li

Investment Associate

Photo of Smit Mehta, Investment Associate at Calculus Capital, London

Smit Mehta

Investment Associate

Photo of Sanskriti Singh, Investment Analyst at Calculus Capital, London

Sanskriti Singh

Investment Analyst

Photo of Madeleine Ingram, Director, Co-Head, Sales & Marketing at Calculus Capital, London

Madeleine Ingram

Director, Co-Head, Sales & Marketing

Photo of Francesca Rayneau, Director, Co-Head, Sales & Marketing at Calculus Capital, London

Francesca Rayneau

Director, Co-Head, Sales & Marketing

Photo of Matthew Moynes, Assistant Director, Sales & Marketing at Calculus Capital, London

Matthew Moynes

Assistant Director, Sales & Marketing

Photo of Oliver Warren, Associate, Sales & Marketing at Calculus Capital, London

Oliver Warren

Associate, Sales & Marketing

Photo of Frank Spurway, Analyst, Sales and Marketing at Calculus Capital, London

Frank Spurway

Analyst, Sales and Marketing

Photo of Natalie Evans, Finance Director at Calculus Capital, London

Natalie Evans

Finance Director

Photo of Richard Banks, Fund Administration Analyst at Calculus Capital, London

Richard Banks

Fund Administration Analyst

Photo of Safah Abdul-Rahman, Finance Systems Analyst at Calculus Capital, London

Safah Abdul-Rahman

Finance Systems Analyst

Photo of Kaela Clifford, Office Manager at Calculus Capital, London

Kaela Clifford

Office Manager

Corporate Governance

Calculus Capital Limited which is authorised and regulated by the Financial Conduct Authority (FCA registration number 190854) is committed to maintaining high standards of corporate governance.

Calculus Capital has a board with a diverse range of experience and backgrounds:

John Glencross – Chief Executive Officer & Co-founder

Susan McDonald – Chairman & Co-founder

Ken Edwards – Non-Executive Director

The Directors meet quarterly and on an ad hoc basis as required.

The Board has established an Audit Risk and Compliance Committee which plays an important role in the appraisal and supervision of key aspects of the Company’s business including financial reporting and internal controls.

The Directors have also established an Investment Committee whose responsibilities include determining and agreeing with the board the Company’s framework or broad policy for fund investment and considering all investment and divestment proposals.

The Company takes into account the requirements of the Stewardship Code and also has in place internal policies and guidelines on a variety of matters including financial reporting, anti-money laundering, anti-bribery and corruption, conflicts of interest, and promoting sustainable practices within the firm.

Calculus Capital Limited is a member of the EISA and the BVCA.

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