Private placement helps fund charity

A Berkshire-based charity that provides grants in the local area, the Greenham Trust, has announced that it has raised £25m through a 25-year secured private placement with Aberdeen Standard (ASI). JCRA, the independent financial risk advisory firm, arranged the deal on behalf of the Trust.

The deal helps demonstrate that specialist charities can access the capital markets in an efficient manner by identifying pools of demand where a charities’ unique business model fits investor needs, offering diversification and Socially Responsible Investment (SRI), charitable trusts can fund at a low cost that maximises the return on charitable assets.

Greenham Trust uses income generated from its asset portfolio to make charitable grants to organisations in West Berkshire and North Hampshire. In growing revenues from under £0.5m per annum in 1997 to over £5.3m in 2018, Greenham Trust has built a sustainable platform for giving, both through direct grants, matched funding, and its online platform – The Good Exchange.

The deal was structured with a 19-year average life, broadly matching the life of the underlying leases.

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