Clara Capital is an online resource for IFA’s and Wealth Managers providing access to a range of alternative investments. Alternative investments are products other than traditional investments such as shares, bonds and cash.
Current investment opportunities include funds investing in domestic and foreign property, private equity, venture capital and private finance funds.
- All investments are available to investors only via an FSA authorised intermediary such as an Independent Financial Adviser.
- All of the funds listed have FSA authorised and regulated operators and have professional asset management teams.
Christian Faes, managing director of Montello Private Finance said:
“Listing the Montello Income Fund on the Clara Capital website provides us with the ideal marketing solution and ensures that our fund is only promoted to persons who are authorised under the FSMA. Clara Capital has an established network of registered IFA’s, wealth managers and family offices with an appetite for this type of alternative investment.”
Ian Sutherland, Christian's co-managing director, explains:
“Montello is in a unique position. We are currently the only open fund on the market that lends solely to end bridging finance borrowers and directly takes first charge security [in the name of the Fund].
"The risk adjusted nature of the investment is reflected in the LTVs of the security assets and the short durations of the loans.”
The Montello Income fund will issue bridging loans against UK property, with the manager planning to adopt a focus on residential property. It will operate with no management charges, and at least 10 per cent of the portfolio will be kept in cash at all times to ensure investors can redeem their capital.
Target return to investors is 8.5% per annum, paid quarterly. Redemption will be available on a quarterly basis, on two months' notice. Bridging financing is often used by property developers, who use it to buy a new property and begin developing while they are still waiting to receive a cash sum from the sale of a previous property.
The Montello fund will lend directly to borrowers, charging them interest rates of between 0.75-2 per cent per month for the capital. The fund is open to private investors and institutions in the UK and overseas as well as SIPP and SSAS investors. The minimum investment for the fund is £25,000.
