Equifinance Loan Fund added to Alternative Investment Comparison site

By Bridging Loan Directory 18th October 2012

Equifinance has listed their Equifinance Loan Fund on the Clara Compare alternative investment comparison website.

The Equifinance Loan Fund gives qualifying investors the opportunity to benefit from an indirect involvement in the UK second charge, secured loan market. The Fund aims to capitalise on the liquidity shortage in the UK second charge, secured lending market by providing funding to the Specialist Lending Partner Equifinance who will then offer “Loans” to qualifying borrowers whilst charging a premium rate of interest that will enhance returns to Prospective Investors.

Investment

Designed to provide a 10% gross annual income
Returns paid quarterly
Closed ended and tax transparent structure
Life of fund 6 years with 2 year tail if required
Minimum investment £10,000 with upward multiples of £1,000

Clara Compare 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.

Commenting on the listing Kevin Cooke, managing director of Equifinance Limited said:

“Listing the Equifinance Loan Fund on the Clara Compare 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 Compare has an established network of registered IFA’s, wealth managers and family offices with an appetite for this type of alternative investment.”

Mike Healy, head of investor relations, added:

“With continuing poor yields investors are losing out to inflation. Equifinance Loan Fund provides an attractive return from a wholly transparent source. The Fund will invest in SLP Loan Notes issued by Equifinance, the secured lender which is rapidly growing its loan book following launch in 2011.”

For IFAs

According to the FSA policy paper 10/6 Distribution of retail investments firms can remain “independent” if they base their personal recommendations for each client on a comprehensive and full analysis of the relevant market, which is both unbiased and unrestricted (a “requirement to analyse the market comprehensively and fairly”)

FSA policy paper 10/6 Distribution of retail investments also states if a firm concludes certain products, “such as structured products or unregulated collective investment schemes, are not suitable for its clients, it will not then need to review the market for that product for each client”.

Clara Compare assists IFA’s by providing a resource for comparing and assessing the suitability of alternative investment products.

For more information, please visit www.claracompare.co.uk