Our Fund

Investius PB Micro Cap fund is a long only, Australian equities fund.

Fund Structure
Investius PB Micro Cap Fund is an Australian domiciled unregistered unit trust.
Investment Manager
Investius PB Pty Ltd, an Australian private company, a corporate authorised representative (CAR No. 001301578) of Hunt Prosperity Pty Ltd (ACN 613 956 620) (AFSL No. 504318).
Trustee
Hunt Prosperity Pty Ltd (ACN 613 956 620) (AFSL No. 504318).
Custodian
Hunt Prosperity Pty Ltd
Eligible Investors
Units will only be issued to Wholesale Clients.
Objective
The Investment Manager will seek to achieve net returns exceeding 7.5% p.a. over a rolling 3-year period. The Investment Manager may not be successful in meeting this investment objective and returns are not guaranteed.
Benchmark
S&P/ASX Emerging Companies Accumulation Index.
Investment Strategy
The Fund is an equity market product which invests in shares of companies listed or expected to be listed on the Australian Securities Exchange (ASX) or other Australian securities exchanges. The Fund may also invest in unlisted Australian companies, which will be limited to 10% of the net assets of the Fund. The market capitalisation of the majority of the underlying investments of the Fund will be less than $300 million at the time of first investment. The Fund may hold up to 30% in cash held within an Authorised Deposit Taking Institution.
Minimum Investment
$100,000.00 (in cash or other assets as agreed to by the Investment Manager).
Minimum Additional Investment
$25,000.00 (unless otherwise agreed to by the Investment Manager).
Minimum Withdrawal Amount
The minimum withdrawal request is $25,000 (unless otherwise agreed with the Manager) and investors need to keep a minimum of $25,000 invested otherwise the Manager may instruct to redeem your investment.
Minimum Balance
$50,000.00
Management Fee
1.28% per annum of the Net Asset Value (“NAV”) of the fund, calculated and accrued daily and paid monthly in arrears.
Performance Fee
20% of the increase in Net Asset Value (NAV) per Unit, above the Benchmark return over the 12-month period between 1 July and 30 June, accrued daily and payable quarterly in arrears. Refer to Section 6.2 for further details.
Fund Expenses
Expenses associated directly with the operation of the Fund such as custodian fees, brokerage, legal and administration costs as outlined in Section 6 of the Information Memorandum.
Applications and Redemptions
Applications and redemptions are subject to the cut off times set out in the sub-section headed ‘Applications’ and ‘Redemptions’ on page 12 of the information memorandum. Redemption proceeds will generally be paid within 5 Business Days of the applicable withdrawal date. However, the Deed allows Hunt Prosperity Pty Ltd to reject redemption requests and also to make payment up to 21 days after the acceptance of a request (which may be extended in certain circumstances).
Unitholder Distributions
Distributions (if any) will be paid at the end of each financial year and a tax statement for each Unitholder will be provided.
Unit Valuation
The Fund will be valued based on the NAV of each month.
The above overview is a non-exhaustive high-level summary of the key features of the Fund. The overview is qualified by the other sections of the Information Memorandum and the Trust Deed. The Information Memorandum should be read in its entirety before deciding to invest in the Fund.

Investment Philosophy

To understand our philosophy, it’s important to understand the careers and knowledge specialties of our co-founders and co-investment managers; Paul Sharbanee and Badri Gosavi. Paul brings over 30 years’ experience in Australian financial markets and stockbroking, where he co-founded CPS Capital, and was there for 15 years before launching Taurus Capital . Badri has spent his career on the company side, highlighted by his appointment as CFO of iCollege later renamed to NextEd (ASX:NXD) where he subsequently presided over that business’s growth from a market capitalisation of under $15m to over $250m by 2022. Both Paul and Badri’s respective backgrounds provide them with a complementary skillset, and their shared experiences also led them to identify what they saw as a compelling opportunity in Australian funds management.

The Investius PB Fund was established to capitalise on that opportunity; a fund that provides investors with exposure to a portfolio of high-quality ASX microcaps, complemented by a unique approach to active funds management. Our experience is not just in raising capital and providing investment; we also have a track record in directly running ASX companies. It’s that experience which has allowed us to identify and take advantage of a gap in the Australian market for the funding and investment of emerging companies that do not fit the mandates or criteria of traditional funds. Factors that withhold investment include a small market capitalisation, tight trading liquidity, or operational thresholds such as cash flow, revenue, and profitability. The Investius PB mandate has no such restrictions.

The Fund will leverage Investius’ in-house expertise and strong market relationships to gain exposure to high growth opportunities that are often limited in the kinds of outside investment they can attract. We expect that our performance will be highly dependent on our co-founders’ skill and experience in researching and identifying companies which will provide attractive returns. Importantly though, the decision to invest is only the first part of our engagement with the fund’s portfolio companies.

Our investment managers also offer strategic and operational support to our portfolio companies as they see fit, ultimately giving each company the best chance for success. We are active investors, but not activists. Through our years of running and advising public companies we are able to provide active support to our portfolio companies in strategy development, capital structure, investor relations, board structuring and remuneration. Hands on support is not for all our portfolio companies, but we do know that when we find the right management team who want to be true partners, the outcomes for both parties speak for themselves. We would estimate 40% of investment team hours are spent in this bucket of ‘portfolio support’ and it forms a core part of our investment philosophy.

Investment Objectives

Whilst our information memorandum will state that we seek to achieve returns in excess of 7.5% per annum on a 3-year rolling period, our true objective is to provide our investors with returns far greater than this.

We are targeting outsized returns by operating with a pool of investment funds that allows the firm to stay nimble and capitalise on the growth of microcaps that successfully scale into small-cap and mid-cap businesses. Whilst we are very pleased with our first quarter performance, we will not rest on our laurels and we will continue to strive for outperformance.

Investment Criteria

For its investment purposes, the fund defines microcaps as companies with a market capitalisation of generally less than $200m at the time of the initial investment. Having said that, the fund has no restrictions on where to invest and from time to time will invest in compelling investment opportunities in companies with a market capitalisation greater than $200m. In scanning the market for outstanding companies with a unique competitive advantage, our approach is sector agnostic which is reflected in the current composition of the fund.

At Investius PB, we base our investment decisions on three key criteria:

Outstanding project/business model

Quality board and management

Value proposition

How to
Invest

You can now apply online to the Investius PB Micro Cap Fund or request for a paper based application and Information Memorandum.

Enquiry regarding
application

Please feel free to contact us should you have any enquiries regarding the Investius PB Micro Cap Fund or have an investment opportunity you would like us to review.

How to
Invest

You can now apply online to the Investius PB Micro Cap Fund or request for a paper based application and Information Memorandum.

Enquiry regarding
application

Please feel free to contact us should you have any enquiries regarding the Investius PB Micro Cap Fund or have an investment opportunity you would like us to review.