Triple Point, which provides innovative and compelling investment solutions for private and institutional investors, has launched its Impact EIS.
The Impact EIS’s strategy is to target investments in commercially successful companies that earn a proper market return for investors whilst making a positive social impact.
The company said that it offers an opportunity for IFAs to use their traditional analytical skills to assess the opportunity, but also to build long-term relationships based on a deeper collaboration around the values as well as the investment principles of their clients.
The Triple Point Impact EIS is initially raising £10m. It will offers investors a portfolio of between eight and 12 fast-growing companies across four key sectors: the environment, health, inequality and children and young people.
The funds raised will provide scale-up capital for revenue-generating companies, which have the potential to achieve returns of 5-10x.
The capital should be deployed over 12-18 months and the target is to exit investors four to seven years after allotment. The offer is available all year round, for a minimum investment of £25,000. Triple Point seeks to align its interests with its investors and maximise returns by limiting the costs for investee companies and not charging arrangement fees.
Triple Point, with over £800m in assets under management, has a track record in tax- efficient VCT and EIS investing. The firm has supported 44 EIS and 18 VCT qualifying companies and has in the past two years successfully returned £130m to investors.
Belinda Thomas, Head of Sales and Investor Relations at Triple Point, said: “We are delighted to launch the Triple Point Impact EIS, which looks to back companies that maximise financial returns while also having a positive impact on society. The Impact EIS is the fruition of several years of development and is a response to growing demand from investors for principled investment products. Its Impact Investment strategy reflects and capitalises on the macro forces shaping global growth, with the opportunity for superior long-term returns. And for advisers, it allows them to fully utilise their core financial analysis skills while also developing wider relationships with their clients.”