Fund Manager | Sapien Ventures Investment Management Pty Ltd |
Type of Vehicle | MIS Trust |
Asset Class | Private Equity |
Description | Liquidise-only |
Target IRR | 25% |
Term (Years) | 2+1+1 |
The Fund provides qualified investors with single-asset exposure to Preference Shares in Liquidise Limited an early-stage fintech marketplace that facilitates the trading and market-making of unlisted company securities. The company is led by Andrew Ward, an accomplished Australian fintech entrepreneur (founder of ASX-listed SelfWealth), and supported by a distinguished board of directors including Ron Lesh, founder of BGL (Australia’s largest SMSF accounting software provider), Peter Devine of Beachhead VC, and Cathryn Lyall of Seedspace VC.
However, as with any investment, there are significant risks to consider. The early-stage nature of the investment means that while the company is led by successful entrepreneurs and experienced investors, the products, technology platform, and customer value propositions are unproven at the time of investment, making the venture speculative with a high degree of uncertainty regarding returns and exit timelines. Market risk is another critical factor, as market conditions—such as economic factors, political events, or shifts in investor sentiment—can negatively impact investment performance, with periods of high volatility, reduced liquidity, or suspension of trading. Liquidity risk is also a concern, as access to funds may be delayed, and the nature of many of the Fund’s investments may make it challenging to sell assets at the desired price or within a timely manner. Additionally, fund and regulatory risks could arise from changes in the Fund’s structure or governing rules, or from shifts in government policies, regulations, or tax laws, which could adversely impact the value or performance of both the Fund and its underlying investments. These factors make it essential for investors to fully understand the risks before committing to the Fund.
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