BR Report 2019

60 61 TRIPLE POINT TRIPLE POINT ESTATE PLANNING SERVICE ABOUT THE PROVIDER At Triple Point we create a wealth of opportunities for our investors, the businesses we partner and the entrepreneurs that lead them. Founded in 2004, we manage over £1.4 billion of private, institutional and public capital. Our specialist teams invest across four themes – real estate, debt, infrastructure and venture capital. We look across industries and society to unlock value in uncommon combinations. Through our curiosity and experience, we originate differentiated investments that have consistently delivered, irrespective of market timing. Triple Point exists to build enduring partnerships and exceptional investments that perform in the long term. Our investment products include Business Relief solutions for individuals, trusts and corporates; the Venture Fund VCT; the Impact EIS Service and the Income Service. OUR BR SOLUTIONS The award winning Triple Point Estate Planning Service (“TPEPS”) can provide individual investors and trusts with 100% relief from inheritance tax after two years without surrendering control or access to their capital (provided it is held at death). Open all year round, it provides access to two highly successful businesses, each managed by a specialist team which has contributed to the achievement of steady, on- target, returns since inception. TP leasing Limited (following the Generations strategy) is a leasing, lending and infrastructure finance business. It focuses on providing a small number of high value leases and loans to public sector organisations, such as the NHS, local Authorities, and Corporates. Navigator Trading Limited (following the Navigator strategy) is a fast growing lender to the SME sector that competes with traditional banks. It provides business and service critical loan and asset finance to a wide range of SMEs. TPEPS uniquely helps to diversify an investor’s estate by being the only BR provider offering access to public sector leasing. INVESTMENT CASE STUDY Navigator Trading Ltd, through its investment in an SME leasing business, provides funding for credit card terminals to thousands of UK high street businesses. The support provided by investors since 2014 has helped this business build strong partnerships with terminal and service providers in an area which was previously dominated by high street banks. The business has supported over 100,000 UK SME customers, diversified across a wide range of UK businesses in multiple sectors. To date, NTL has provided over £71m funds for credit terminals and currently has over 51,000 terminal agreements. NAVIGATOR TRADING LIMITED Performance since inception: 32.5% RANGE OF TARGET RETURNS 4% TO 6% PER ANNUM Net of annual fees, charges and corporation tax 35% 30% 25% 20% 15% 10% 5% 0% 40% JAN 18 MAY 18 SEP 18 DEC18 JAN 14 SEP 14 MAY 15 JAN 16 SEP 16 MAY 17 SEP 17 SEP 13 MAY 14 JAN 15 SEP 15 MAY 16 JAN 17 TP LEASING LIMITED Performance since inception: 10.7% RANGE OF TARGET RETURNS 1.5% TO 2.5% PER ANNUM Net of annual fees, charges and corporation tax 12% 14% 10% 8% 6% 4% 2% 0% JUN 18 OCT 18 DEC 18 JUN 14 FEB 15 OCT 15 JUN 16 FEB 17 OCT 17 FEB 18 FEB 14 OCT 14 JUN 15 FEB 16 OCT 16 JUN 17 BR SOLUTIONS COMPARISON BLACKFINCH ADAPT IHT PORTFOLIOS DEEPBRIDGE IHT SERVICE MANAGER NAME Blackfinch Investments Deepbridge Capital OFFER DESCRIPTION The Adapt IHT Portfolios are discretionary managed portfolio services targeting asset- backed lending, property development finance and renewable energy generation. Blackfinch only takes its annual management fee of 0.5% plus VAT after achieving a minimum target return of 4% p.a. or 6% p.a., depending on which of the two model portfolios an investor has selected. A portfolio of renewable energy assets within a Business Relief qualifying trading company. YEAR FOUNDED 1992 2010 PROVIDER ASSETS UNDER MANAGEMENT £300m £125m PRODUCT ASSETS UNDER MANAGEMENT Capital Preservation £41m; Growth £48m £22M SECTOR Asset-backed lending, property development finance and renewable energy generation Renewable energy LAUNCH DATE (OF SERVICE) July 2013 April 2016 NO. OF INVESTMENTS IN UNDERLYING COMPANIES 3 underlying companies invested in a total of 67 underlying projects between them 1 underlying company invested in 15 to 20 underlying projects at any one time ANNUAL RETURN SINCE INCEPTION Refer to factsheet for latest annual performance and performance since inception 7.50% TARGET ANNUAL RETURNAND/OR TARGET YIELD (WHERE STATED) Capital Preservation 4%, Growth 6% net of fees 6% MINIMUM INVESTMENT £25,000 £50,000 INCOME AVAILABLE? Yes No NUMBER OF DIRECTORS 2 3 LEGAL STRUCTURE Discretionary Portfolio Service Limited company INITIAL FEES 2% No initial fee charged to the investor. 2.5% charged to underlying trading company AMC 0.5% + VAT deferred until exit and only if target return has been achieved No AMC charged to the investor. 2%pa charged to underlying trading company PERFORMANCE FEE AMF above subject to performance hurdles below N/A PERFORMANCE HURDLE Capital Preservation 4%; Growth 6% N/A TARGET LIQUIDITY 2-4 weeks It is anticipated withdrawal requests may be fulfilled within 28 days. See Information Memorandum for full details of liquidity targets