Future Capital Partners (“FCP”) today announced that Robert Jolliffe has joined the firm in a senior investment advisory capacity to enhance the group’s existing structured debt and asset management capabilities.
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 will focus initially 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.
This fund will aim 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.
FCP is developing the Sanctuary Fund to 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. The aim of the fund is to deliver a steady and consistent income stream to its investors from assets whose performance should have little or no correlation to the returns produced by the majority of other income generating products.
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. These are set to include social infrastructure and renewable energy projects that generate steady government backed revenue streams from feed in tariffs and private / public partnership financing arrangements and various other types of assets whose cash flows are underwritten by tax credit based fiscal incentives. This focus on assets with government-backed revenue streams is intended to provide investors with an extremely high level of capital protection relative to the fund’s projected rate of return.
Sanctuary will target retail and wealth management intermediaries, personal pension and retirement planners, accountancy and tax advisers, discretionary portfolio managers and HNWIs. Investment can be made directly or through SIPPs, SASSs or offshore bonds.
Tim Levy, CEO Future Capital Partners, said:
‘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.
“We have been increasingly aware of the rising demand among many of our clients for financial products that generate steady, stable and secure revenues even against the background of today’s volatile and unpredictable financial markets. We are now increasingly focused on the development of investment products that meet this pressing need.”
Robert commented: “I am delighted to be joining Future Capital Partners at this exciting stage in the development of its asset management activities. I am committed to creating this new product with FCP which aims to meet the real and rapidly growing demand among investors for a steady stream of income with a minimal risk to capital.”
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Notes to Editors - About Robert Jolliffe
Robert joined Cazenove and Co in 1990, shortly after graduating from Bristol University. He spent two years working as a Sterling instruments trader in the firm’s money market operations before moving to an investment research role in its Far Eastern equities group. Having completed his equity research qualifications in 1993, he joined the top ranked media sector investment research team at ABN AMRO Hoare Govett Securities, becoming co-team head in 1996. He then co-founded ABN AMRO Bank’s Structured Film Finance unit in 1997 and went on to originate and complete over £5bn worth of film leasing transactions. He left the bank in 2008 and founded the Princedale Partnership, a consulting firm which specialises in the provision of tax-enhanced fund -raising and transaction management services to companies in the film, television and leisure sectors. He is married with two young daughters and lives in West London.