Cornerstone Capital Ltd has raised over £170 million of cornerstone capital for three “first-fund” alternative investment strategies since inception in late 2016.
The three opportunities that Cornerstone raised seed capital for are Gresham House Asset Management’s British Strategic Investment Fund (BSIF), Gresham’s SPE Fund, and Iskandia Energy’s clean-tech and environmentally-friendly enhanced-oil-recovery strategy, Technology Enhanced Oil. According to founder, Tim Wilkinson, Cornerstone’s primary focus is upon identifying and working with sustainable real-asset strategies that offer superior risk-adjusted returns, while also achieving a tangibly positive social or environmental impact.
Having now concluded its engagement with Gresham House, with both parties wishing each other every success for the future, Cornerstone is currently focused upon a second round of capital raising for Technology Enhanced Oil, while reviewing other strategies to potentially partner with in future.
According to Wilkinson, identifying new opportunities that exhibit genuine responsible and sustainable characteristics combined with stable income-producing profiles remains at the forefront of Cornerstone’s selection criteria.
LAPF Investments Quarterly
ISSUE 64 JUNE 2019