01 · Overview
Fund overview
The Spire USA ROC IV Fund (AUD) (the “Fund”) feeds into Bridge Multifamily Fund IV LP (70%) and Bridge Office Fund I LP (30%). Spire USA ROC IV Fund (AUD) seeks to generate regular income and capital appreciation through value-add US real estate investments. The Fund owns 0.66% of BMF IV’s diverse portfolio of 59 multifamily investments in high-growth markets, while exposure to BOF I has decreased to less than 2% due to US office sector underperformance. Bridge manages approximately $25 billion in assets, including 40,000 multifamily units, 12,500 senior housing units and 14.4 million square feet of commercial office space across 23 states.
Source: Spire Capital fund page, spirecapital.com.au, 28 October 2026.
02 · Facts
Fund facts
- Investor type
- Wholesale and retail investors
- APIR
- ETL8946AU
- Trustee and fund manager
- Spire Capital Limited
- Investment manager
- Bridge Investment Group, LLC
- Underlying fund
- Bridge Multifamily IV Australian Feeder (USD) LP & Bridge Office Australian Feeder (USD) LP
- Asset class
- Global Real Estate
- Vintage year
- 2019
- Distributions
- Annually as at 30 June
- Structure
- Closed-end unit class of the Spire Capital Master Fund, no redemptions
- Status
- Closed to new investment
- Currency
- AUD, unhedged
03 · Performance
Performance
Unit price
AUD 1.0414
As at 30 September 2026
Since inception
-0.02%
Net IRR p.a.1
Net return by period to 30 September 2026
| Period | Net return |
|---|---|
| 1 month | 2.69% |
| 3 months | -0.67% |
| 6 months | -4.12% |
| 1 year | -6.77% |
| Since inception p.a.1 | -0.02% |
1 Source: Spire Capital, as at 30 September 2026.
04 · Distributions
Distribution history
Cash distribution per unit by period (cents)
| Period | Cash (CPU) | FITOs (CPU) | Components |
|---|---|---|---|
| 31 December 2025 | 4.6640 | nil | Not published |
| 30 September 2025 | 5.6226 | nil | Components notice (PDF) |
| 30 June 2025 | 4.6749 | 0.7782 | Components notice (PDF) |
| 30 June 2024 | Nil | 0.2286 | Components notice (PDF) |
| 30 June 2023 | Nil | 0.4983 | Components notice (PDF) |
| 30 June 2022 | 6.5273 | 0.6059 | Components notice (PDF) |
| 30 June 2021 | 0.5036 | Nil | Components notice (PDF) |
| 30 June 2020 | 1.8927 | 0.4730 | Components notice (PDF) |
| 30 June 2019 | 4.3931 | 0.1570 | Components notice (PDF) |
CPU: cents per unit. FITOs: foreign income tax offsets. Source: Spire Capital, fund distribution records, as published on spirecapital.com.au, 28 October 2026.
05 · Documents
Documents and forms
Monthly reports and manager updates are issued to investors through the Spire Investor Portal.
The fund is closed to new investment. Existing investors can transfer units off market using the transfer form, and update their details with the forms listed. Enquiries to info@spirecapital.com.au.
Investor login[Disclaimer: existing Investment Solutions wholesale wording, unchanged, subject to compliance review.] Past performance is not a reliable indicator of future performance.