Skip to content
RR MII-LOGO



Red Ribbon Asset Management Plc (Red Ribbon) established in 2007, is a financial services group developing businesses based on three strategic pillars whose combined capitalisation currently totals c. £80 million. The Multi-Asset Impact Investment (MII) Note provides diversified exposure to Red Ribbon’s portfolio of direct investments and funds, complemented by a discretionary ESG strategy guided by BlackRock®.

The Note is structured with a standard 5-year lockup but bespoke terms and conditions are also negotiable offering liquidity between years 1 to 5. The Note returns are comprised of - both income and capital growth: it pays an annual fixed coupon of 8.75% while Note holders, additionally, gain exposure to the capital growth of the underlying projects and funds, realisable by conversion into ordinary shares at a Red Ribbon IPO. The estimated cash-on-cash return of 2.1 times is based on an IPO valuation of 12 times projected EBITDA in Year 7.

EUR
Summary Terms
Instrument Pass-through Securitisation Notes Secondary Market Liquidity Freely transferable or by arrangement with Lead Arranger/Borrower
Issue Size Up to €300,000,000 Conversion Underlying loan convertible into Red Ribbon ordinary shares on IPO. If, on conversion, EUR proceeds are less than the Loan Amount, the Borrower will make up shortfall on FX
Date of Issue July 2023 Governing Law Luxembourg
ISIN XS2621331508 Borrower Red Ribbon Asset Management Plc
Term 7 years with a 5-year lock-up; exit in years 1 to 5 available by negotiation Calculation Agent/Lead Arranger/ Security Agent Shard Capital Partners LLP
Minimum Subscription €100,000 Note Issuer Fenchurch Alternatives SARL
Denomination €1,000 Transaction Counsel Ogier
Coupon 8.75% per annum paid until conversion event (Red Ribbon IPO) or final maturity Registrar BNY Mellon
Note Assets & Security Convertible Loan: direct, unconditional, unsubordinated and unsecured obligations Floating charge debenture on all Red Ribbon assets Clearing/Settlement Crest/Euroclear/Clearstream
Summary Terms
Instrument Pass-through Securitisation Notes Secondary Market Liquidity Freely transferable or by arrangement with Lead Arranger/Borrower
Issue Size Up to £300,000,000 Conversion Underlying loan convertible into Red Ribbon ordinary shares on IPO. If, on conversion, EUR proceeds are less than the Loan Amount, the Borrower will make up shortfall on FX
Date of Issue July 2023 Governing Law Luxembourg
ISIN XS2621331680 Borrower Red Ribbon Asset Management Plc
Term 7 years with a 5-year lock-up; exit in years 1 to 5 available by negotiation Calculation Agent/Lead Arranger/ Security Agent Shard Capital Partners LLP
Minimum Subscription £100,000 Note Issuer Fenchurch Alternatives SARL
Denomination £1,000 Transaction Counsel Ogier
Coupon 8.75% per annum paid until conversion event (Red Ribbon IPO) or final maturity Registrar BNY Mellon
Note Assets & Security Convertible Loan: direct, unconditional, unsubordinated and unsecured obligations Floating charge debenture on all Red Ribbon assets Clearing/Settlement Crest/Euroclear/Clearstream

Direct Investments

Real Estate

Modulex-Nov-08-2022-02-12-41-5121-PM-1
British steel modular technology to construct buildings such as hotels, residences and offices in growth markets and developed economies
ECO HOTELS-Sep-25-2021-02-42-39-97-PM
World's first carbon net zero premium value hotel brand of its kind, launching brands within the economy and budget segments
Substantia-1-1
360 - degree real estate company developing sustainable, carbon neutral communities of the future using technology and modular construction

Fintech

Ribbon-Logo-R-RGB-01-1-1
A carbon neutral digital financial services platform hyper-personalised for NRIs, Students and Work Permit Holders, Affluent Indians as well as Indian owned SME trading globally
Crowdinvest-Logo-2
A cross-border crowd funding platform for investors to invest seamlessly in growth market startups
Ribbon Life-2 (1) (1)
A digital Life Assurance platform providing a comprehensive Insurtech solution for customers and IFAs
Advsr_Logo_Transparent__1_
A digital robo-advisory AI driven wealth management platform catering to multiple demographics of society

Regulated Funds

Real Estate

Red Ribbon
Phoenix Green
Hotel Fund

Investing in repositioning distressed and new hotel assets and re-certifying them as net zero

Launched: Q2 2023, Target Size: £300m

Red Ribbon
India Real Estate
Fund

A multi asset real estate fund with a regional focus in Indian key growth markets

Launch: Q4 2023, Target Size: €300m

Red Ribbon
B&S UK Property
Opportunity Fund

UK property fund with a focus on opportunistic investment strategies

Launch: Q4 2023, Target Size: £300m

Listed Equities

Red Ribbon
Earth Fund

Daily NAV fund, taking positions in ESG positive listed equities and short positions in ESG negative companies

Launch: Q4 2023, Target Size: £300m

Red Ribbon
Indian Equities
Fund

A daily NAV, long-only multi manager fund investing in Indian equities

Launch: Q4 2023, Target Size: £300m

Why Red Ribbon Multi Asset Impact Investment Note?

  • Red Ribbon has three operating platforms: Real Estate, Fintech and Funds based on three alpha generating strategies: Impact Investment, EmergingTech and Emerging Markets
  • The strategy is underpinned by the belief that measurable environmental and social impact - while delivering uncorrelated returns - is only possible through active forward and backward integration of business models, incubated with clearly defined ESG deliverables
  • The business model is biased definitively towards Emerging Markets with the application of Emerging Technologies that enhance efficiency, transparency, security and customer experience
  • Income: an annual coupon of 8.75%
  • Capital Growth: realised from Red Ribbon IPO
  • Total Return: estimated cash-on-cash return of 2.1x based on Red Ribbon's IPO valuation at 12x EBITDA in Year 7
  • Definition: Investing in projects that deliver a measurable environmental and social impact whilst delivering above market rate returns
  • Components: Planet, People, Profit - The Triple "P" Bottom line
  • Objective: To be part of, as well as assisting in building resilient economies within emerging markets through well-governed businesses which strive to reduce environmental impact whilst creating value for the society at large



The Team

A cohesive team, working together for 15 years with a well-established operations infrastructure with circa 100+ members spread across the UK, Gibraltar, Netherlands, Germany, Mauritius and India.

Team
  • Suchit Punnose , Founder & Group CEO

  • Arvid Pedersen , Vice Chairman

  • Jay Krishnan , COO

  • Ryan Tewari , Investment Committee Member

  • Anna-Larisa Snijders , Managing Director

  • Vishal Puri , Group Financial Controller

  • Victoria Mcdonald , Head of Operations Executive Office

Business Divisions
  • Fund Management

  • John Sheath , Chairman

  • Anthony Frieze , Managing Director

  • William Prescott , Chief Impact Investment Officer

  • George Felipes , EIF Director

  • Franco Cassar , Director

  • Direct Investments

  • Modulex - Ajay Palekar , Managing Director

  • Eco Hotels India - Vinod Tripati , Executive Chairman

  • Substantia - Sunny Chowdhry , CEO

  • Ribbon - Ashesh Jani , CEO & Co-Founder

  • Crowd Invest - Nakul Garg , CBO & Co-Founder

  • Ribbon Life - John Sheath , CEO & Co-Founder

  • Advsr - Krishika Parekh , CBO & Co-Founder

  • Funds

  • Phoenix Asset Management - Amran Raja , Chief Development Director

  • Phoenix Asset Management - Angus MacDonald , Founder & CEO

  • Phoenix Asset Management - Anish Aggarwal , CEO

  • B&S Capital - Shiv Popat , CEO & Co-Founder

  • B&S Capital - Bharat Thakrar , Chairman & Co-Founder

  • India Real Estate - Sunny Chowdhry , Co-Founder & Director of Projects

Request More Information Now

Get Investing Now

contact us

Important Information - Disclaimer

The contents of this website may not be reproduced, in whole or in part, or delivered to any other person without the prior written consent of Red Ribbon Asset Management Limited (“Red Ribbon”). This website is for informational purposes only and is not intended as an offer to sell or a solicitation of a purchase of any investment. Applications should only be made based on the Issue Terms and Private Placement Memorandum (PPM) which are available from authorised distributors.

This website is directed exclusively at Professional Clients and Eligible Counterparties and should not be relied upon by Retail Clients (all as defined by the FCA). Furthermore, this website should be read in conjunction with the Issue Terms and PPM. Investors should take investment advice from their financial advisors before making a decision to invest. Investors in the Note should understand that the liquidity of the secondary market in the notes cannot be guaranteed.

Shard Capital Partners LLP’s ("Shard Capital Partners") ESG Asset Allocation Model portfolios are advised and provided by Shard Capital Partners and utilise asset allocation guidance provided to Shard Capital Partners by BlackRock, Inc. and its affiliates (“BlackRock”). BlackRock does not provide any service or product to you and has not considered the suitability of its asset allocation against individual needs, objectives and risk tolerances for investors. As such, BlackRock’s assets allocations do not constitute investment advice or an offer to sell or a solicitation of an offer to buy any securities.

BlackRock® is a registered trademark of BlackRock, and is used under licence. BlackRock is not affiliated with Shard Capital Partners and therefore makes no representations or warranties regarding the advisability of investing in any product or service offered by Shard Capital Partners. BlackRock has no obligation or liability in connection with the operation, marketing, trading or sale of such product or service nor does BlackRock have any obligation or liability to any client or customer of Shard Capital Partners.

This website must be read in conjunction with the Issue Terms and PPM. Investments of this nature carry risks to your capital, including lack of liquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Please seek independent advice as required as Red Ribbon Asset Management Plc does not give investment or tax advice.

DISCLAIMER: The contents of this website may not be reproduced, in whole or in part, or delivered to any other person without the prior written consent of Red Ribbon Asset Management Limited (“Red Ribbon”). This  website is for informational purposes only and is not intended as an offer to sell or a solicitation of a purchase of any investment. The information above is directed exclusively at Professional Clients and Eligible Counterparties and should not be relied upon by Retail Clients (all as defined by the FCA). Furthermore, this website should be read in conjunction with the Note's Private Placement Memorandum (PPM). Investors should take investment advice from their financial advisors before making a decision to invest. Investors in the Note should understand that the liquidity of the secondary market in the Notes cannot be guaranteed. Applications should only be made based on the Pricing Supplement and PPM which are available from authorised distributors.