Triple Point, investment solutions provider for private and institutional investors, has launched its EIS impact service.
Impact EIS’s strategy is to target investments in commercially successful companies that earn a market return for investors whilst making a positive social impact.
This offers financial advisors an opportunity to use their traditional analytical skills to assess the opportunity as well as build long-term relationships with their clients.
Initially, Triple Point Impact EIS will raise £10 million and offer investors a portfolio of between eight and 12 fast-growing companies across four key sectors: environment, health, inequality, children, and young people.
Funds raised will provide scale-up capital for revenue-generating companies, which have the potential to achieve five to 10 times the amount in returns.
The capital should be deployed over 12 to 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 by not charging arrangement fees.
Belinda Thomas, head of sales and investor relations at Triple Point, commented: “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.”
She added: “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.”
