Investment Objective

The Mariana Estate Planning Solution is designed to protect the value of a client’s investment from IHT by investing in companies that are expected to qualify for Business Relief (BR). Investment opportunities may include;

Solar Energy

Solar Photovoltaic (PV) is a proven and widely implemented method of converting solar radiation energy into electrical power. The fund may invest in fully built and commissioned solar plants or new solar development opportunities. Investment returns are expected to be under-pinned by robust operations and maintenance contracts, warranties, PPAs and where applicable, government subsidies

Hydroelectric Energy

Hydroelectric technology uses turbines to harness the energy from water flows in the natural environment or in existing water installations. Mariana’s investment team will look to secure a long term Power Purchase Agreement (PPA) which involves selling the electricity generated from water turbines back to the host counterparty under a private PPA, or to the National Grid.

Asset-backed activities

Mariana has identified a number of investment opportunities across a range of asset classes, both in the UK and European Union, which are backed by stable long-term assets and contracts with strong counterparties, in established markets and deploying proven technologies and operating methodologies, capable of generating target returns. 

Receivables Trade and Supply Chain Financing (RTSF)

RTSF is an asset backed financing arrangement wherein companies supplement their working capital and short-term liquidity needs by either using their receivables — outstanding invoices or money owed by counterparties — as collateral in a financing agreement; or by requesting the financier to pay their suppliers on their behalf and pay interest to the financier over time. In such transactions, the financing company gives the borrower an amount equal to an agreed value of the unpaid invoices or receivables and is paid back in less than a year, with interest.

Exit Strategy

Although MEPS is designed to be held for at least two years to qualify for BR, we are able in certain circumstances to facilitate quarterly redemptions for Investors wishing to redeem their investment. The Liquidity service offers a three month time frame beginning from the next Dealing Date after the Redemption Request is received. The Exit Fee for redeeming your investment will be 1% of the value of your investment. The service is offered under normal market conditions at Mariana’s discretion. For example, this service may not be available in the case of a change of applicable tax legislation.

Fund Manager

Enterprise Investment Partners LLP

Enterprise Investment Partners LLP is a specialist smallcap investment boutique established over five years ago, whose activities include corporate finance, fund management and the design and promotion of tax-efficient investment products, with major emphasis on EIS.

Enterprise has considerable experience of EIS and the tax-efficient industry, with particular expertise in the leisure, media, commercial property and renewable energy sectors. The three principals together have raised over £200m under EIS, VCT and other tax efficient structures over the last five years.

For more information please visit www.enterprise-ip.com

Fund Provider

Mariana Capital Markets LLP

Mariana was founded in 2009, initially as an institutional brokerage firm. Over the years, we have developed a number of business lines; expanding our offering to include Market Strategy & Research, Real Estate and Tax Advisory Services. In addition to this well-established institutional presence, we offer a range of Structured Products, Enterprise Investment Scheme (EIS) and Business Relief (BPR) qualifying investments to financial advisers. We have raised over £800 million, from financial advisers, across our range of products. We employ over 80 staff and have offices in London, New York and San Francisco.

We have employed Enterprise Investment Partners LLP as the Investment Manager of all of our tax efficient investments. Enterprise have raised over £200 million in tax efficient investments, maintain a strong track record and have substantial experience in the sectors in which our products sit. One of the founding partners, Martin Sherwood, is a founding director and serving member of the EISA (Enterprise Investment Scheme Association) Board.

For further information please visit www.marianainvestments.com

Fees

Initial charge

2% of investor’s subscription, levied before deployment (where investor has received advice)

5% of investor’s subscription, levied before deployment (where investor has not received advice)

Annual management fee

0.75% p.a., levied against investee companies. Calculated daily and paid quarterly or on exit, whichever occurs sooner.

Administration fee

1.25% p.a., levied against investee companies. Calculated daily and paid quarterly or on exit, whichever occurs sooner.

Exit fee

1% charged on the value of the investment at the time the exit occurs, based on the most recent Valuation Date.

Liquidity

1% of the  value of the investment.

Kuber Specific Arrangements

None