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.
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.
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
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
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.
None
This fund is structured as an Alternative Investment Fund the supporting Information Memorandum can be at www.marianainvestments.com
4% per annum, net of all fees
Business Relief
Varied - Renewable energy, asset backed, receivables trade and supply chain financing
Investors will hold shares in Bluestream Trading Company Ltd, through which investments will be made.
The Nominee: Woodside Nominees Limited
The Custodian: Woodside
An investor qualifies as an High Net Worth investor if they have
(a) An annual income to the value of £100,000 or more;
(b) Net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(i) the property which is their primary residence or any loan secured on that residence;
(ii) any rights under a qualifying contract of insurance within the meaning of the Financial
Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of their service or death or retirement and to which they are or (or their dependants are), or may be, entitled.
An investor qualifies as ar Self-Certified Sophisticated Investor if at least one of the following applies:
a) they are a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below
b) they have made more than one investment in an unlisted company in the two years prior to the date below
c) they are working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium sized enterprises
d) they are currently, or have been in the two years prior to the date, below a director of a company with an annual turnover of at least £1 million