Paspalis is pioneering efforts to develop the Australian venture industry, innovation and start-ups in the Northern Territory. Paspalis Innovation Investment Fund No 2 is closed.
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
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.
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). The trustee and manager of the Fund is Paspalis Financial Services Pty Ltd ACN 645 544 501 AFSL No. 527915.