The People’s Trust partners with crowdfunding platform SyndicateRoom for £125m IPO

By Daniel Lanyon on Tuesday 12 September 2017

Savings and Investment

Daniel Godfrey's much anticipated launch will now include the equity crowdfunding platform.

Daniel Godfrey's much anticipated launch will now include the equity crowdfunding platform.

Online investment platform SyndicateRoom tgiving its members the opportunity to take part in the upcoming IPO for The People’s Trust. The target for the raise is £125m, with the company listing on London Stock Exchange and the Social Stock Exchange in October 2017.

The People’s Trust is headed by ex-head of the Investment Association Daniel Godfrey’s. The new fund, he says, will  focus on 'sustainable wealth creation’ and "to resist the endemic pressures within the financial world to deliver short-term returns at the cost of long-term potential and to fulfil the purpose of investment," according to Godfrey.

The fund targets a total return of 7 per cent per annum over seven years after costs - assuming CPI inflation averages 2 per cent - and has no performance fees or executive bonuses. In addition, the People’s Trust will pay no performance fees to Portfolio Managers - "This removes the risk of focus on short-term performance rather than long-term returns" The  Board including th Chief Executive will nvest over £1.5m at launch.

“With its extensive membership of savvy investors, SyndicateRoom wanted to be an intermediary for this launch” said Daniel Godfrey, The People’s Trust. “The People’s Trust is offering a unique and attarctive core investment for the long term – and can play a role in the portfolios of the ambitious investors that SyndicateRoom works with, connecting us with an audience we otherwise wouldn’t have been in front of.”    

Tom Britton, Co-founder of SyndicateRoom. “The People’s Trust chimes with SyndicateRoom’s own ethos on a number of levels. It focuses on long-term wealth creation, with its seven-year time horizons. Its model is entirely transparent around cost. And last, but not least, the trust has also allocated a portion for social impact investment. At our core, we’re about working with companies that want to make the world a better place, so there is an ideal fit.”

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