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NOW Closed – Now closed to investment.

Fund facts

Investor Type
Wholesale investors only
Asset Class
Alternative Assets
APIR
EVP9395AU
IM Date
June 4, 2018
Suggested Investment Period
7 years +
Distribution
N/A - The Fund is closed ended
Redemptions
N/A - The Fund is closed ended
Applications
Closed to new investment
Wrap Access
N/A
Investment Partner

Introducing EVP Fund II – an accredited Early Stage Venture Capital Limited Partnership (EVCLP). As such all profits are tax-free, and investors are subject to a 10% rebate on invested capital. The Fund is open to wholesale investors only.

Investing early in Australia’s most successful technology startups to deliver outstanding returns.

The Fund will target returns equivalent to an IRR of 25% per year over a 7 year period. This equates to a 5X on invested capital. This is a target and may not be achieved.

Investments are de-risked by virtue of a strong bias towards B2B, subscription-based business already generating revenues.

  • EVP has a longstanding reputation as one of Australia’s leading technology investors. EVP has backed some of Australia’s most successful startups over the past decade.
  • The team is recognised for its unique and extensive experience scaling early-stage technology companies. Founders routinely seek out EVP as their preferred investment partner.
  • The Fund has a high conviction, active investment approach, partnering with portfolio companies over the long term and working closely with management to drive a return on capital.
  • The Fund’s objective is to deliver a 5 times return on capital over a 7 year period.
  • The Investment Committee has already identified and negotiated Fund II’s initial two investments into Fusion Sports and Pendula. Both of these businesses are materially growing, are profitable, have significant product leadership within their categories and represent proprietary EVP deal flow opportunities not recognised nor approached by any other Australian VC investor.
  • The EVP team invests in real businesses with demonstrable early commercial traction, product in market and paying customers. Typically the founding team has developed a unique software solution to solve a pain point within a niche, but often very large, sector vertical.
  • The Fund is drawn towards businesses with favourable underlying unit economics; typically B2B software-as-a-service businesses that deliver high-margin recurring revenue with minimal churn and scope to increase revenue per customer over time.
  • Capital is allocated to founding teams looking to build out commercial go-to-market capabilities rather than developing technologies or novel ideas.
  • As a result of the Investment Committee’s involvement in over 30 successful startups and its active investment style, the EVP team is able to assist founders to navigate the common hurdles faced by technology businesses and significantly de-risk Fund II’s investments.

Ordinary Units

N/AN/A

Fund Documents

Interactive Application Form
pdf

 

Fund Flyer
pdf