Guernsey-Based Infrastructure Fund Launched

by Phillip Morton, Investors Offshore.com

17 June 2011

Alternative investment boutique Future Capital Partners is to launch a Guernsey-domiciled income fund aiming to pay 7% from a portfolio of government-backed infrastructure projects.

The Sanctuary Fund, which is still subject to approval from the Guernsey Financial Services Commission, will invest in social infrastructure and renewable energy projects that generate government-backed revenue streams from feed in tariffs and private / public partnership financing.

The fund will aim to generate an annual return, initially targeted at 7% net of charges, by investing in socially responsible AAA- or AA-rated government-backed projects and will focus specifically on sectors incentivized by governments to encourage rapid growth.

FCP is developing Sanctuary to provide investors with a steady and consistent income stream from a portfolio of assets which have little or no correlation to other traditional income generating products such as cash deposits and high yield equities.

The focus on assets with government-backed revenue streams, Future Capital Partners explained, is intended to provide investors with an extremely high level of capital protection relative to the fund’s projected rate of return.

Robert Jolliffe has joined FCP from The Princedale Partnership, an investment consultancy he founded in 2008, to focus on the launch and the ongoing development of the Sanctuary Fund.

FCP’s founder Tim Levy said: “Robert’s extensive experience fits extremely well with Sanctuary’s particular area of focus and with the various classes of assets in which it intends to invest.”

Investment into Sanctuary can be made directly or through SIPPs, SASSs or offshore bonds.

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