We typically provide between £1m and £30m of funding to
projects. The larger the project, the longer the period of time it
may take to raise such funding. Funding is typically a combination
of Equity, Debt and Structured Funding Solutions. The majority is
usually via Structured Funding Solutions.
Our principal focus is on business with the following
attributes:
- A fast growth sector
- Businesses where there are significant capital expenditure
requirements - either to build out (not buy) significant assets or
outsourcing requirements
- Companies where management have invested material amounts of
their own money and whose returns are proposed to be deferred
behind outside investors
- In depth, proven, management track records
- We will invest pre money, but only in incredibly compelling
projects
- We will invest pre profitability, but a clear and quick route
to profit needs to be illustrated
- We will invest globally, but it is essential that a local,
substantial, financing partner JVs with us
- We usually require both Equity and a seat on the Board
- Certain sectors are naturally of greater interest to us due to
our expertise, including: Media, Financial Services, Real Estate,
Social Infrastructure, Healthcare, Clean Energy,
Transportation
It takes about 6 - 9 months to go from an approach to the delivery
of any funding (although in exceptional circumstances this might be
different). Our typical offerings require significant due diligence
and funding is normally provided over a period of months or years.
The company will have to have independent debt and equity access to
ensure that it can operate without our funding, as no underwriting
of capital is normally given.