Brett Williams launches funds to back alternative investments

FORMER Cofunds boss Brett Williams yesterday launched a new alternative investments business, Old Burlington Investments.

The company aims to take advantage of the Enterprise Investment Scheme (EIS), which offers tax breaks to investors in small, unlisted companies.

It will initially launch two EIS-focused funds, both run in co-operation with industry investment specialists.

The Renewable Energy Fund will make investments in green technology and energy generation schemes where revenues are underpinned by the government.

Meanwhile an AIM Growth Fund will allow private investors to access new issues on London’s junior stock market.

Williams said: “We believe alternatives are poised for very significant growth over the next three years, partly because of legislative stimulus and partly because investors simply aren’t getting the returns they need from traditional asset classes.”

Old Burlington is backed by LW2, a private equity firm part-owned by Williams.