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Capital Raising

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Capspace Private Debt Fund

Creating Secure Sustainable Wealth

I am interested

Creating Secure Sustainable Wealth

I am interested
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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$60M Raised so far

  • A$50,000 minimum

I am interested

Investment Highlights

  • Stable and competitive returns paid monthly. BBSW + 5% (9.06% as at September 2023)

  • Target return 8-10% achieved since inception (42 months in a row)

  • Strong capital security – 59% Loan to value ratio (LVR) with predominately 1st mortgages (as at August 2023)

  • 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 by independent firm, Performance Property Advisory, with primarily A grade residential assets held as security

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 growing 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

 

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Capspace Target Market

Capspace advantage

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

Capspace Video

Capspace Video

 

Transaction Overview

Terms of offer:

 

  • Option 1: BBSW + 5.00% (currently 9.06% p.a. as of September 2023).
  • 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.

Redemption fee: Applicable for Option 1 only. Any funds withdrawn will be subject to a 1% fee based on the face value of the withdrawal.

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.

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Additional Information

  • Other Documents

Team

  • Management
  • Tim Keith

    Managing Director, Chair of Credit Committee

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  • John Encina

    Director & Head of Loan Origination, Member of Credit Committee

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  • Julio Labraga

    Director & Head of Property, Member of Credit Committee

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  • Daniel Dusevic

    Director & Head of Investment Origination, Member of Credit Committee

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  • Sarina Roppolo

    General Counsel, Member of Advisory Board

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  • Phillip Almeida

    Property Adviser, Member of Advisory Board

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  • Lea-Anne Warren

    Operations Manager

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  • Nicholas Martino

    Senior Credit Risk Manager

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Want to learn more?

Fill in the expression of interest form below

    Thank you for your enquiry.
    We will be in touch as soon as possible.

    Speak to our investment team today

    +61 2 9993 4475