The document proposes an alternative model of capital ownership called a Capital Partnership. A Capital Partnership is formed around a specific productive asset like land or property. The asset is held by a custodian while investors provide financial capital and managers provide human capital. Users pay rent or fees for using the asset, which they return to the custodian. Profits are shared between investors, managers, and potentially users in the form of "sweat equity." The model aims to lower funding costs by issuing perpetual, land-backed stock instead of fixed-term debt. This allows capital to be raised more affordably for projects that benefit users and communities.
17. Embryonic Capital Partnership 2002 (> £1bn)
Gross Revenues
Capital Partnership LLP
10 UK Hotels
% %
Hilton Group Consortium LLP
Capital User Capital Provider
% % %
Property Hotel
Bank
Developer Specialist