The Paspalis Innovation Investment Fund (Fund) is designed to invest in start-ups and innovation companies within the Darwin Innovation Hub. These companies will need to demonstrate that their businesses provide an economic advantage to the Northern Territory.
The objective of the Fund is to provide a return to investors of between 1.5% and 8.0% per annum while supporting innovation and early-stage ventures which are conducted in, or associated with, the Northern Territory.
Stable, low-risk return of up to 2.5% per annum from approximately 80% of funds invested in Northern Territory Government Bonds
Potential higher returns of up to 15% per annum from approximately 20% of funds invested in early-stage and emerging companies such as:
Early stage commercialisation investments that have a presence at the Darwin Innovation Hub (DIH)
Investment into research in collaboration with Charles Darwin University
Early stage investment in industry that provide an economic advantage to the Northern Territory
Secure investment from bonds and higher risk/return profile from early-stage investment
The Manager’s strategy is to leverage its extensive network in the Northern Australia and the Asia Pacific region for investment opportunities in early-stage and emerging companies that provide exceptional potential for earnings growth.
Investee businesses will typically demonstrate:
Development of new and innovative technologies, systems or processes;
An achievable business plan with an entrepreneurial management team;
Operating in attractive stable markets;
The potential for at least 100% earnings growth over a 5 year time horizon; and
A realistic opportunity for the Fund’s exit through trade sale or IPO.
Who is Paspalis Asset Management?
Harley Paroulakis is the Managing Director and CEO of Paspalis Asset Management and Founder of the Darwin Innovation Hub.
Harley’s experience includes incubator development and management, innovation investment and commercial property.
In 2017, the Darwin Innovation Hub was awarded the right to deliver the Federal Incubator Support Program for Northern Australia. The Darwin Innovation Hub is a partnership between Paspalis, the Northern Territory Government and Charles Darwin University and will focus on 2-way innovation and investment opportunities between the Asia Pacific and Northern Australia.
Paspalis Asset Management, and its related entities, has operated as an investment manager in Australia for over 15 years. This includes nearly 20 years’ experience in asset management of the Paspalis Group’s businesses, investments and commercial property portfolio as well as other specialised corporate initiatives. Harley was made the first NT State conveyor for the Australian Venture Capital Association Ltd in 2001 and has held senior executive positions with the Foundation Capital Innovation Investment Fund and Merrill Lynch, Singapore.
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: firstname.lastname@example.org
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.
Paspalis is one of the oldest, private and locally owned companies in the Northern Territory excelling in the fields of commercial property, facility services, asset management and innovation.
PASPALIS HQ DARWIN
Level 1, 48-50 Smith Street
Darwin NT 0800 Australia
GPO Box 822, NT 0800 Australia T+61 (08) 8943 0600
Suite 2302, Level 23 Westfield Towers
520 Oxford Street
Bondi Junction NSW 2022
Australia T+61 (02) 9779 1512