SIV complying funds and additional information

The Significant Investor Visa (SIV) programme was revised with the announcement in May 2015 of a new complying investment framework. The new framework mandated that SIV applicants would be required to invest a minimum of $500,000 at the at time of investment in an AusIndustry registered fund(s): that is, a Venture Capital Limited Partnership (VCLP), Early Stage Venture Capital Limited Partnership (ESVCLP) or an Australian venture capital fund-of-fund (AFOF) as registered under the Venture Capital Act 2002. The minimum amount is expected to be increased within two years as the market responds.

The Austrade website has more information regarding the SIV programme available, including information sheets in English and Chinese.

Guide to VC and growth PE in Australia

VCLP and ESVCLP vehicles are used by Australian venture capital (VC) and growth private equity (PE) funds to invest into Australian businesses. For investors or others interested in learning more about these funds, AVCAL has released a guide on VC and growth PE in Australia, which can be purchased here.

AVCAL member obligations

All members of AVCAL, including managers of SIV complying funds, are bound by a set of codes and guidelines which govern their conduct and obligations to investors and other stakeholders. The AVCAL Council has also recommended that AVCAL member General Partners (GPs) consider signing the Principles for Responsible Investing or similar frameworks.

More information about member conduct and governance can be found here. Links to valuation and reporting guidelines can be found here.

SIV complying funds

The below lists show AVCAL members that manage:

(1) SIV complying funds currently open to new investors, and

(2) funds that are awaiting registration or formation and will be open to investors in the near future.

1. Currently registered

Firm Fund Type and status Closing date Contact Further information
Blue Sky Alternative Investments VC2014 ESVCLP - Conditionally registered 31 Dec 2015 Dr Elaine Stead, investorservices@blueskyfunds.com.au www.blueskyfunds.com.au/blue-sky-funds/siv-compliant-funds/overview/
Moelis & Company Moelis Australia Private Investment Fund VCLP - Unconditionally Registered June 2017

Andrew Martin (02 8288 5529 or andrew.martin@moelis.com)

Enda Stankard (02 8288 5530 or enda.stankard@moelis.com)

moelissivfunds.com/en/
Roc Partners Roc Private Equity VCLP VCLP - Conditionally registered 2016 Brad Mytton, 02 9099 1930 or brad.mytton@rocp.com www.rocp.com/siv
Stafford Capital Partners Stafford Growth Fund 5 AFOF - Conditionally registered Open Stephen White or Dan Bowden, stafford@staffordcp.com www.staffordcp.com
Vantage Asset Management Pty Limited Vantage Private Equity Growth 3 AFOF - Conditionally registered Open Michael Tobin, info@vantageasset.com www.vantageasset.com
Atlas Advisors Australia Limited Atlas Advisors Australia Venture Capital Fund of Funds ILP AFOF - Unconditionally registered 2016/17 Guy Hedley, guy.hedley@atlasadvisors.com.au www.atlasadvisors.com.au
BioScience Managers Pty Ltd BioScience Managers, LP VCLP - Conditionally registered 2016/17 Matt McNamara, mm@biosciencemanagers.com www.biosciencemanagers.com
Ellerston Capital Ellerston Ventures Partnership LP ESVCLP - Unconditionally registered Open Simon Ayling, ventures@ellerstoncapital.com https://ellerstoncapital.com/
AFSSEC AFSSEC Innovation SIV Venture Capital Fund LP VCLP - Conditionally registered 6/10/2018

Mr Holger Neuendorf, holger.neuendorf@aisvcfund.com.au

Dr Bingxing Hu, bhu@aisvcfund.com.au

http://aisvcfund.com.au/
Real Asset Management RAM Australia Private Opportunities Fund VCLP - Conditionally registered Open Scott Kelly, 02 8880 6688 or Scott.Kelly@ram.com.au http://ramgroup.com/

2. To be registered or formed

Firm Fund Type and status Closing date Contact Further information
Anacacia Capital Anacacia Partnership III L.P. VCLP - Preparing for registration Expected 2016 Jeremy Samuel, contact@anacacia.com.au www.anacacia.com.au/
ANU Connect Ventures Name TBC ESVCLP - Preparing for registration Expected 2016

Nick McNaughton, CEO, nick.mcnaughton@anuconnectventures.com.au

www.anuconnectventures.com.au

Last updated: 5 Sep 2016

Contact

For further information on the SIV programme, please refer to the Austrade website or contact research@avcal.com.au.