Fri, Sep 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Future Capital Partners rolls out third renewable energy EIS

Tuesday, March 06, 2012
Opalesque Industry Update - Future Capital Partners, the £6 billion alternative investment boutique, has launched another EIS fund that will capitalise on the firm’s successful green energy investment strategy. The new fund is the third of FCP’s renewable energy EISs, following the success of Elara I and the recently closed Elara II.

Elara III targets annual rate of return of 29.28% on a pre-tax basis and will be adopting a conservative investment strategy focused on lower risk opportunities in the renewable energy sector. The new fund will aim to raise at least £6 million, and is expected to close at the end of March. The launch follows the recent successful close of Elara II, which raised £4 million. Previously, the firm raised £2 million for Elara I.

Like its predecessors, the new EIS fund will invest in companies providing services to Blue Energy, a leading UK renewable energy development and investment company. Elara III will adopt a similar strategy of sourcing a diverse range of lower risk renewable energy opportunities. Specifically, these opportunities will focus on construction of wind installations, anaerobic digestion plants and wholesaling of renewable energy supplies such as solar panels.

Investors in the fund should qualify for 30% income tax relief on investments up to £500,000 in the current tax year, significantly reducing the initial cost of investment. In addition, investors can defer capital gains tax liabilities by investing in the fund and will qualify for 100% relief from inheritance tax after two years. Any capital gains realised on disposal of investments held by the fund after three years should be exempt from capital gains tax. The fund has a minimum investment of £5,000.

The investment strategy of the fund will take advantage of significant expected growth within the renewable energy arena. The EU’s Renewable Energy Directive states that 20% of all energy in the EU must come from renewable sources by 2020. The level of growth required from renewable energy projects, such as those run by Blue Energy, to meet these targets is expected to be a central driver of performance.

FCP has a strong background in renewable energy investment. In addition to its previous EIS funds, the firm also manages Future Fuels, an investment partnership aimed at high net worth investors that is funding and building an industrial scale bioethanol plant in the North of England.

Elara III is targeting high net worth UK investors and the vehicle will offer investors a number of tax relief advantages within the investment.

Piers Denne, Head of Sales & Marketing at Future Capital Partners, commented:

“The success we have had with our previous Elara funds, and the appetite among investors for the diversified renewable energy strategy they adopt, is validation of our approach to the green investment sector. Launching Elara III will give investors another chance to benefit from the funds innovative strategy, and we have responded to investor appetite by increasing the capacity we can invest in underlying deals."

With the end of tax year approaching, this is a time when investors should be looking at minimising their tax liability. The tax benefits available through Elara III, our track record with these funds, and the strength of our partnership with Blue Energy, make this a highly attractive prospect.”

About Future Capital Partners
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. Future Capital Partners has completed transactions and made investments worth in excess of £6 billion. Its 70-strong team works closely with financial institutions, wealth managers, IFAs and accountancy firms to develop unique investment opportunities, ranging from pure equity to tax-efficient structures, which enable clients to invest in some of the most compelling financial products available in the UK. Corporate website: Source

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big