Opalesque Industry Update - Future Capital Partners (www.futurecapitalpartners.com) is shifting full gear for the launch of its “new breed” of income fund to be called Sanctuary Fund, with the hiring of Robert Jolliffe as senior investment adviser as its strengthens its asset management team.|
Founded in 2000, Future Capital Partners is one of the UK’s leading alternative investment boutiques, specialising in Renewable Energy, Real Estate, Healthcare and Media & Entertainment.
In a statement, Future Capital’s CEO Tim Levy said Jolliffe will focus on the on-going development and delivery to market of the Sanctuary Fund, an innovative income-driven investment fund that is scheduled for launch later this year, subject to regulatory approval by the Guernsey Financial Services Authority.
The fund aims to generate an attractive annual return, targeted at 7% net of charges, by investing in socially responsible AAA or AA (Standard & Poor’s or other equivalent) government backed projects. It will focus specifically on sectors incentivised by governments to encourage rapid growth. Robert joins from The Princedale Partnership, an investment consultancy he founded in 2008, prior to which he spent fourteen years at ABN AMRO Bank NV in a variety of Structured Debt and Equity Capital Markets related roles. “Robert’s previous structured debt and asset finance experience will complement our existing team of investment and project finance professionals. There is a very natural fit between where FCP is going as an asset management organisation and the skills and expertise that Robert brings to the group,” said Levy.
The Sanctuary Fund will provide investors with a new alternative to more traditional income investments such as cash deposits, high yield equities, corporate bonds, structured income funds and real estate assets.
Future Capital Partners launched two funds – an EIS and a VCT – to capitalise on both the high growth potential of the renewable energy investment sector and the firm’s expert knowledge of clean energy investment in January this year (Source). We also heard last year that Tim Levy involved in expedition through Northwest Passage to raise awareness of global warming year (Source).