Zero Carbon Fund

Investing in positive action on climate change.

What is the aim of this fund?

"We believe that the Fund is a unique opportunity for you to invest in positive action on climate change, gain exposure to a sector that has huge potential, and support early-stage technology companies, with the potential to obtain EIS Reliefs."

Pippa & Alex Gawley, Zero Carbon Capital Limited

The Fund seeks to invest in positive action on climate change, gain exposure to a sector that has huge potential, and support early-stage technology companies, with the potential to obtain EIS Reliefs. The team is small and passionate, laser focus on finding and supporting awesome, visionary entrepreneurs building innovative technologies.

Pippa Gawley-1Key Individuals - Pippa Gawley has been angel investing in technologies in the US for the last four years and was an active and passionate member of the impact investing world in the Bay Area. She learnt by investing alongside experts in the field of early-stage climate innovation and impact investment and as a member of several angel networks including E8 and Investor’s Circle (now Social Venture Circle).

Pippa is supported by a team of experienced investment professionals with backgrounds in venture capital, private equity and entrepreneurship.

At a glance

Investment goal

Growth

Relative risk

High / Adventurous

 

Risk

Invests in

Range of sectors, stages and geographies.

 


Target Return

2x return after seven years

Not a reliable indicator of future income.

 


CURRENT STATUS

Closed to new investors (as of August 2020).

 

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Zero Carbon Fund

Investor Charges

Full initial charge 0%
Annual management charge 0%
Administration charge 0%
Performance fee 25%

 

Investee Company Charge

Initial charge 0%
Annual management charge 0%

 

Please check the fees section of the Information Memorandum for full details. All fees and charges are stated exclusive of VAT, which may be applicable in some cases. Any fees and charges payable by the investee companies or the underlying businesses do not directly come out of your investment. However, they will effectively reduce the returns generated by investee companies and therefore directly impact your investment.

Fund Details

Investment Strategy

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ZCFDuring detailed due diligence, ZCC will use PRIME’s Emissions Reduction Potential (ERP) methodology to estimate and compare the climate impact of potential investments. ZCC will identify the milestones required to achieve this ERP and the indicators which provide the most meaningful proxy for ERP for the technology and company. This will form the basis of impact tracking and reporting, if the company joins the ZCF portfolio.

We will only invest in deals where we believe other investors will be interested in the company, and will not provide more than a third of the raise for any round. This is important to reach a fair valuation, and to ensure the concept is good enough to be successful in the long term. We have already established relationships with early-stage impact and cleantech investors, including angel groups, fund and corporate investors. We will collaborate with them to make sure Investee Companies get the funds and support they need.

The Fund has a patient approach to investment, and any investment by the Fund will have a long-term view. We will endeavour to exit investments after they have been held for at least three years, in line with the qualifying conditions for tax relief. However, there may be occasions where an earlier exit is a commercially sensible decision and the exit proceeds are considered sufficiently attractive to outweigh the impact of any loss of EIS reliefs.

Important Information

Eligible Investors

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To invest, you must be an eligible investor. To be an eligible investor, you must be qualifying as one or more of the following:

  • You meet the FCA’s definition of a professional investor.
  • You meet the FCA’s definition of a certified high net worth investor.
  • You meet the FCA’s definition of a self-certified sophisticated investor.
  • You meet the FCA’s definition of a self-certified restricted investor.
  • You are a client of an FCA authorised firm that will provide advice on the suitability of the product in question.

Risk Warning

Important information for private investors – Reliance on the information provided here to engage in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. Your attention is drawn to the risk section contained within the Information Memorandum. Investments are typically in unquoted shares in small companies, the value of which can be volatile and are often difficult to sell. Nothing on this website constitutes investment, tax, financial, legal, regulatory, or other advice by Sapphire Capital Partners LLP.

The value of an investment may go down as well as up, and you may not get back the full amount invested, and you may therefore lose some or all of your investment.

If you are unsure of the suitability of any investment for your circumstances, please contact your independent financial advisor or other professional advisor authorised under the Financial Services and Markets Act 2000 (FSMA) who specialises in advising on investments of this type. Tax reliefs depend on individual circumstances. There is no guarantee however that the tax reliefs (such as EIS reliefs, CGT reliefs or IHT relief) will be available on any investment made or that if it is initially available, it will not be subsequently withdrawn. Any references to tax laws or rates are based on current legislation, all of which are subject to change and are provided as a guide only. Prospective investors are advised to take their own taxation advice and should consult their own professional advisors on the implications of investing.

Investments made in investee companies via funds managed by Sapphire Capital Partners LLP are not covered by the Financial Services Compensation Scheme (FSCS). For more details, please contact us or refer to their website: https://www.fscs.org.uk

Past performance is not a guide to future returns. 

View the Zero Carbon Capital Limited website.