Capital Raising
OPEN
Capspace Private Debt Fund
Creating Secure Sustainable Wealth
INDUSTRY
Fund Management
RAISING
Open Ended
MINIMUM INVESTMENT
A$50,000
Investment Highlights
Company Overview
Transaction Overview
Additional Information
Team
Transaction Summary
Capspace Private Debt Fund
Open Ended
A$108M Raised so far
A$50,000 minimum
Investment Highlights
A$108M raised to date
Stable and competitive returns paid monthly. BBSW + 5% (9.24% as at February 2025)
Target return 8-10% achieved since inception in 2020
Strong capital security – 59% Loan to value ratio (LVR) with predominately 1st mortgages (as at January 2024)
Robust security structure – Registered mortgage over real property, GSA’s over business assets and personal/director guarantees
Independently reviewed - The underlying assets taken as security by the fund received a high-quality rating from independent firm, Performance Property Advisory, with primarily A grade residential assets held as security
Finalists: 'Non-Bank of the Year' and 'Innovator of the Year'
Company Overview
Private Debt Fund
Focused on providing commercial loans to SME’s secured by real property, business assets and directors/personal guarantees
Market leading borrower origination
Quality deal flow referred by accountants and experienced commercial finance brokers
No construction lending
No lending for apartment and large-scale developments
Commercial loans
Ranging from A$500K to A$5M with terms up to 3 years
What is Capspace?
Capspace is an investment fund emerged from one of Australia’s largest independent finance broking businesses with a portfolio of $1B+ in loans under management, awarded numerous accolades, to a successful fund manager.
Disappointed by the banks’ inability to deliver effective outcomes and the shortage of reputable private lenders catering to small and medium-sized enterprises (SMEs). They funded back-to-back transactions from 2018 and later expanded to Capspace, a diversified Managed Investment Scheme in 2020.
Secure Lending to SME Borrowers
Capspace delivers returns to investors by providing loans to high-quality SME borrowers for whom the banks would love to help but can’t. Capspace supports them by offering fair and transparent loan terms which are secured by real property and business assets.
Their ethical and progressive approach is revolutionising the non-bank lending category and has seen the fund experience significant growth since its inception.
Competitive Advantage
Highly experienced Directors, Managers and Legal team with experience through different lending cycles
Quality deal flow originated from long term relationships with accountants and some of the most experienced commercial brokers in the country
Transparency with independent reviews of underlying assets by Performing Property Advisory
All loans assessed through Capspaces disciplined review procedures to ensure compliance and performance and have a robust Capspace security structure
Capspace does not do construction lending for apartment and large scale developments
Capspace Loan Security Structure
Capspace Target Market
Capspace: $500K – $5M
Banks unable to compete on agility, commerciality and loan terms
Low exposure to construction risk
Businesses generating cash flow, secured by real property
Robust multiple security structure
Diversified across multiple loans
Why SMEs Choose Capspace
Speed – Days vs Months
Service & SME Knowledge – Direct involvement by decision makers with > 100 years of experience combined with strong business acumen
Outside Bank Strict Lending Criteria – SMEs don’t quite meet the stringent requirements
Growing Business with a Trade-Up Period – New businesses that need trading records before banks consider
Asset Rich, Cash Poor – Funding based on agreed asset sales
Transaction Overview
Terms of offer:
- Option 1: BBSW + 5.00% (currently 9.31% p.a. as at January 2024).
- Option 2: Fixed return of 8.00% p.a.
Distributions: Paid monthly.
Compounding interest available? Yes
Minimum investment time frame: 12 months
Redemptions: 60-day notice. Please refer to IM for terms.
Use Of Funds:
100% of any investment into Capspace Private Debt Fund is allocated to units in the Master Trust of the Fund issued at $1.00 per unit. The Trust is the lender and security holder for all SME commercial loans made by the Fund.
Team
Management
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