Gravis Capital Partners is launching an infrastructure fund, offering investors interest on loans to ...
Gravis Capital Partners is launching an infrastructure fund, offering investors interest on loans to private finance initiatives.
Jersey-based listed investment company the GCP Infrastructure fund will lend money to companies which specialising in financing national and local government infrastructure projects.
It opened an offer period on 3 June, closing 31 July, in which it aims to receive between £15m-£100m from investors.
The GCP's partners have already pledged £5m capital to the initial tranche of loans, £20m to four NHS projects, and will use extra cash invested in the first offer period to fund future deals.
It aims to give a minimum return of 8% per annum, with a minimum investment of £25,000.
GCP head of funds advisory Stephen Ellis says: "Global infrastructure as an asset class has an estimated value of US$17 trillion and this sector is expected to continue growing.
"However, the ongoing disruption in financial markets has significantly restricted the availability of debt from troubled banks and this has given rise to a wide range of investment opportunities."
