Capital
Investing alongside us.
We manage development platforms funded by equity. Development spend is risk capital, and building a repayment obligation into a business with no revenue helps nobody.
Capital follows evidence.
Capital is committed against an approved budget and released as projects clear their milestones. Each one comes to the board on a paper carrying the evidence from the stage before, the scope and budget for the next, the open risks, and a recommendation.
Nothing moves on a promise, and the largest commitments sit behind the work that de-risks them.
Our interest sits with the project.
We are paid to manage these platforms, and we take an interest in the vehicles we manage. Both of those are true and we say so.
The interest is worth something only if the project reaches a position somebody will fund or buy, so our return depends on the same outcome yours does.
How a platform runs
What you would be signing up to.
Committed to a programme of work
Capital is committed against an approved development budget covering a defined set of projects and a defined period. That is what lets the work move at the pace the grid and planning processes actually run at, without stopping at every decision point to go back to market.
Released against milestones
Drawings are made as projects clear their stages. Each release comes to the board with the evidence from the stage behind it, the scope and budget for the next, and a recommendation that names the open risks plainly.
Reported on a fixed cycle
Quarterly reporting on spend against budget, milestone status by project, the forward capital call, and a plain statement of anything that has moved against us since the last report. Bad news early is worth more than good news late.
Independently checked before the large commitments
Technical, environmental and grid work goes to an independent reviewer before the commitments that matter. It is the same diligence a lender will run later, brought forward to the point where it can still change a decision.
What we develop to.
We do not fund construction. We develop a project to a bankable, near ready-to-build position and monetise there, selling or transitioning it to the buyers and capital partners who take it through financial close.
We develop every position to a standard we would be willing to hold ourselves, and to the point where it is financeable. That is where the premium is realised, and spend beyond it earns less than the capital it consumes.
Further information
Platform overview
Detail on the platforms we manage is available to wholesale investors. Tell us who you are and we will come back to you.
Information about the platforms we manage is provided only to wholesale clients within the meaning of section 761G of the Corporations Act 2001 (Cth). Nothing on this website is an offer of, or an invitation to apply for, a financial product, and nothing here is financial product advice.