FCM Salamanca LLP (FCM Salamanca) is a joint venture investment advisory company between Salamanca Capital and Fleming Family & Partners Capital Management (see www.ffandp.com / www.fcmfund.com).

FCM Salamanca launched its first product, the CEERO Fund (Central and Eastern Europe Residential Opportunity Fund) in December 2005 raising EUR44 million of equity in two tranches to underwrite residential projects in the region. This fund is fully invested and will mature at the end of 2010. The fund has acquired EUR110 million of residential property and is 50% divested. 

In November 2006 FCM Salamanca launched a shopping centre fund to undertake the development of Bulgaria Mall in Sofia, a EUR300 million project due for completion at the end of 2012. 

In August 2007 FCM Salamanca took over the investment management and advisory of the European Residential Property Fund (ERPF) a regulated open ended fund administered by TRI Investments. The fund currently has net assets of EUR66 million and is targeted to grow to net assets of EUR200 million by the end of 2009 (www.triinvestments.co.uk). 

Most recently FCM Salamanca launched the Tri FCM Salamanca Global Property Fund 1 (The Global Fund). The Global Fund has made investments in Switzerland and in North East Brazil and is set to perform strongly in 2010. The fund is an open architecture structure with daily pricing and daily liquidity. It seeks to combine the benefits of a regulated and liquid structure with those of an active and experienced real estate investment management capability. 

FCM Salamanca LLP is an appointed representative of Fleming Family & Partners Capital Management LLP who are authorised and regulated by the Financial Services Authority. The Financial Services Authority's register can be accessed through http://www.fsa.gov.uk/register/.