Reports

May 2023 Monthly Report

Written by Tim Keith | Jun 1, 2023 9:02:13 AM

 

CAPSPACE PRIVATE DEBT FUND

Capspace Private Debt Fund invests in short to medium term loans focussed on

viable growing Australian businesses backed by real property security.

FUND PERFORMANCE MAY 2023

Investor Return: 8%
May 2023

Since Inception: 8%
January 2020

Unit Net Asset Value
$1.00

CAPITAL PROTECTION

LVR This Month: 59%
May 2023

LVR Last Month: 57%
April 2022

% 1st Mortgages
79% (by value)

INVESTMENT PORTFOLIO

No. Loans: 41
as at 30 May 2023

No. in Arrears: 0
as at 30 May2023

No. of Defaults: 0
as at 30 May 2023

 

SUPPORT FOR AUSTRALIAN BUSINESS

Capspace is proud to support Australian businesses at usually times that are most crucial to them. An example of this support is The Nomad Dining Group. The Nomad Group was activating a very fast paced expansion strategy with the introduction of 2 new venues, one in Sydney and the other in Melbourne. 

Capspace stepped in to finance the new restaurants and was agile in meeting the Group’s needs during this period. Once finalised the Group was able to secure bank funding to fully repay Capspace.
 
Follow the links below for recent press articles on these restaurants.

Nomad Restaurant - Beau and Dough

Nomad Restaurant - Reine and La Rue

By offering straight forward loans to SMEs, Capspace provides ready access to much-needed capital without the hassle and delay of traditional bank lending.

For our investors, not only is Capspace the only private credit Fund that focuses on critical support for SME businesses, we do so because of the security we are able to take to protect investors if things don't go to plan. With security in place made up of GSAs over the businesses, personal guarantees and mortgages over real property Capspace’s capital is well protected.

 

OUR TEAM IS GROWING

During May we welcomed April Howlin, Client Support to the Capspace Team.

April brings with her a breadth of client management, policy development and operations experience. You will likely hear from April whose role it is to support the needs and requests of Capspace’s investors. Thank you for your support as we grow and for your commitment to help us ensure Australian businesses can succeed.