Introducing the Global Sports Private Equity Fund (“Fund”) – a unique fund established to provide professional athletes and like-minded investors access to private equity investment opportunities managed by an experienced investment manager, MillhouseIAG Limited.
The Fund’s Asset Allocation strategy is designed to participate into private equity investments made by MillhouseIAG Private Equity Trust and income producing securities. This combination provides long-term growth, stability, diversity, and income generation features to investors.
The Fund will create a committee that will review and manage scholarship allocations to rising stars, high educational achievers, and retiring athletes*. The Fund will set aside 5% of distributions allocated for these scholarships.
Click here to download a Global Sports Private Equity Fund brochure.
We invite you to consider investing into the Global Sports Private Equity Fund by downloading the Product Disclosure Statement and completing the application form.
* must be an investor in order to qualify.
Asset Allocation Strategy
Target Allocation | Asset | Notes |
70% | MillhouseIAG Private Equity Trusts | Investments into the Managers’ top performing private equity trusts to participate in its allocation strategy and underlying portfolio value |
Up to 25% | Income Producing Investments | Investments into Australian or overseas companies, Australian or overseas property trusts, or income producing securities on an opportunistic basis |
Up to 10% | Cash / Cash Equivalent | Investments into short-term instruments such as government debt, cash management trusts, high quality short term corporate debt, or derivatives as an allowance for follow-on financing, unit redemptions and for the exercise of warrants and options |
MillhouseIAG - Private Equity Fund Manager
The Responsible Entity has appointed MillhouseIAG under the Investment Management Agreement as its investment manager for the Fund. MillhouseIAG is a specialist Australian and International Private Equity & Venture Capital fund manager and holds an Australian Financial Services Licence (AFSL No. 283445). The MillhouseIAG Group has been operating in the venture capital and private equity industry since 1991 and its founder and principal shareholder, Mr David Millhouse, has been involved in the industry since 1983.
MillhouseIAG Limited is also the Investment Manager of the following investment vehicles in addition to the Global Sports Private Equity Fund:
MillhouseIAG Private Equity Trusts #1 – Institutional Offering;
MillhouseIAG Private Equity Trusts #2 – Institutional Offering; and
MillhouseIAG Private Equity Fund – Retail Offering.
Millhouse AG (Berlin) is also the Investment Manager (in addition to the Fund) of:
Deutsche Life Sciences GmbH – Berlin, Germany; and
Deutsche IT (restructure of existing company Condat AG).
The MillhouseIAG Group currently has established operations in Australia (Brisbane, Sydney and Melbourne), Singapore and Germany (Berlin & Frankfurt) comprising recognised brands such as Millhouse IAG®, Millhouse AG, MillhouseIAG Funds Management (Asia) Pte Ltd, MillhouseIAG Funds Management Pty Ltd, Corporation Builders®, Queensland LeadersTM and enterpriseangelsTM.
Track Record
As at 1 November 2007, the MillhouseIAG Private Equity Fund (refer Figure 1) performed 20.6% percentage points better on a Net IRR (%) basis than the Median Fund benchmark for funds against its venture peer group (refer Figure 2) and 12.9% percentage points better on a Net IRR (%) basis than the Median Fund benchmark for funds against its venture and private equity peer group (refer Figure 3).
Figure 1 - MillhouseIAG Private Equity Trusts 1 & 2
Figure 2 - Benchmark: 2004 Venture Funds, Geographic (All): Peer Group of 82 Funds
Figure 3 - Benchmark: 2004 Venture & Private Equity Funds, Geographic (All): Peer Group of 284 Funds
Source: Private Equity Intelligence; www.prequin.com
Please note that past performance is not necessarily indicitive of future performances.
For more information about the Global Sports Private Equity Fund, please either email globalsports@millhouseiag.com or phone +61 7 3230 8000.
For further information about MillhouseIAG Limited, please click here.
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