Objectives of the Fund

The objective of the Fund is to provide a return to investors of between 1.0% and 5.0% per annum (after fees and costs but before tax) while supporting innovation and early-stage ventures which are conducted in, associated with, and provide an economic advantage to the Northern Territory.

The Fund will look to invest in Australian companies seeking growth in the Asia Pacific region and Asia Pacific companies looking to relocate to Australia where those companies are involved in ventures that provide an economic advantage to the Northern Territory. Key offshore markets of interest include China, Singapore, Israel, Germany and the United States where Austrade has established Landing Pads for Australian growth companies.

The Fund will invest 80% of its funds in Northern Territory Government Bonds (or equivalent) which should provide a stable, low-risk return on investment.  The Fund will invest approximately 20% of its funds into early-stage and emerging companies which satisfy at least one of the following criteria:

• Companies registered and operating in the Northern Territory
• On shore and off shore companies undertaking business ventures that result in significant productivity gains or provide an economic advantage to Northern Territory industry
• Innovation projects that result in significant productivity gains or provide an economic advantage to Northern Territory industry
• Early stage companies that have a presence at the Darwin Innovation Hub (DIH)
• Development stage companies that can demonstrate growth prospects in international markets
• Research and development projects associated with Charles Darwin University

Key Features

• Satisfies one of the criteria for nomination for:
  • Visa Nominations under the Business Innovation and Investment Program (subclass 188 or 132);
  • Provisional Visa Nomination under the General Skilled Migration Program (currently Subclass 489); or
  • Permanent Visa Nomination under the General Skilled Migration Program (currently Subclass 190 Visa Nominations)
• Minimum initial investment of $515,000
• Stable, low-risk return from approximately 80% of funds invested in Northern Territory Government Bonds (click here for current information on Territory Bonds)
• Potential Venture Capital returns from approximately 20% of funds invested in early-stage and emerging companies such as:
  • Early stage commercialisation investments that benefit the Northern Territory
  • Investment into research out of Northern Australia
• The Fund may be required to hold back up to 10% of its investible funds on account of the risk of Unit holders wishing to withdraw their investment in the Fund due to being unsuccessful in their application for a visa.
• Paspalis Innovation Investment Fund 2 Information Memorandum is available on request.

Investment criteria

Paspalis investment criteria for venture capital:

• 10-15% target rate of return
• Ability to achieve a realistic exit in a 5 year period
• Projects that create an economic advantage for the Northern Territory
• Ability to take a minority or majority stake in the investee company

Minimum investment $50,000 up to $2,500,000 per investment

How to invest

To subscribe for Units in the Fund each prospective investor will need to read the Information Memorandum and complete an Application Form.

For further information

To obtain an Information Memorandum and Application Form, please contact the Trustee, One Funds Management Limited on: info@oneinvestment.com.au

Disclaimer: This web page and downloadable flyers are provided to you for information purposes only. It does not constitute an offer or invitation to purchase or subscribe for interests in the Fund. Any financial product advice given is of a general nature only. The information has been provided without taking into account the investment objective, financial situation or needs of any particular investor. Therefore, before acting on the information contained in this flyer you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs. There is no guarantee of the performance of the Fund, the repayment of any capital or any rate of return. Any statements of intent and opinion and forward looking statements are subject to a range of factors and may or may not be realised or be accurate. Investing in any financial product is subject to investment risk including possible loss. The information on this web page is based on information provided that may not have been verified. We believe that the information is reliable but do not guarantee its accuracy or completeness.  This information is only intended for the persons to whom it is given and who qualify as ‘wholesale clients’ under section 761G(7) of the Corporations Act 2001 (Cth). Paspalis Asset Management Pty Ltd ACN 086 738 301 authorised representative of One Investment Administration Ltd ACN 072 899 060 AFSL No. 225064.  The trustee of the Fund is One Funds Management Limited ACN  117 797 403 AFSL No. 300337.