GCP Asset Backed Income Fund Ltd is a Jersey-based close-ended investment company. It was founded in the year 2015 and was previously known as Project Finance Investments Limited. The company is listed publicly on the main market of London Stock Exchange, and it has 53 holdings. The main goal of the company is to build and maintain a high-quality diversified portfolio, to maximize the risk-adjusted returns for all stakeholders. This can be achieved through consistent and increasing earnings and dividend growth, as well as value addition through appreciation of capital in the long run.
The portfolio of the company mainly consists of loans secured and backed by collateral. These loans are spread across various sectors, largely in the UK, and cover both medium and long-term loans with either variable or fixed interest rates. The sectors covered by the company include property, which has a leading share of 48% in the total portfolio, and social infrastructure which covers another significant proportion of 33%. Other sectors include asset finance covering 11% and energy and infrastructure covering 8%. The alternative investment fund manager to the Company is Gravis Capital Partners LLP, which is an authorized investment manager and is regulated under the Financial Conduct Authority (FCA).
The asset finance sector covers loans that are secured against contracted management fee income, loans secured against FX contracts which are given to corporate customers, loans secured against payment dues from premier league etc. The energy and infrastructure sector covers loans secured against O&M contracts of rooftop solar panels, loans secured against operational CNG stations, loans secured against O&M contracts to build food waste facilities etc. The property sector covers loans secured against existing properties to purchase and construct residential projects; loans secured against a portfolio of residential development loans in the UK. And the social infrastructure segment covers student accommodation buildings in Dublin and Australia, loans secured against a refurbished multi-use community facility etc.
GCP Asset Backed Income Fund Ltd follows a well-defined framework of corporate governance and has an ethical code of conduct for running its operations. It focuses on responsible investments and good governance, while enhancing the wealth and returns of its shareholders. Since 2018, the investment manager of the company is committed to the United Nations Principles for Responsible Investment and it also aligns itself with the UN Global Compact, which ensures that the company upholds the human rights and takes action against corruption, bribery and other such malpractices. Apart from fulfilling its corporate responsibilities, the company also fulfils its social as well as environmental responsibilities. It aims to reduce its environmental footprint and conduct all its activities in an environmentally sustainable manner and create value for the society in the long run.
GCP Asset Backed Income Fund Ltd 12 Castle Street SAINT HELIER JE2 3RT Jersey JEY
+44 1 534847060