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The following table summarises the key features of an investment in the Fund. You should read this IM in full to properly understand your investment in this Offer and the Fund.
| Description | Summary | Section |
| Trustee | Sapien Capital Partners Ltd (ACN: 088 810 860, AFSL: 238128) | 3.1 |
| Investment Manager | Hash Financial Group Pty Ltd (ACN: 651 957 630) | 3.2 |
| Operations Manager | Bara Energy (HFG – Heworth joint venture) | 4.2 |
| Fund structure | The Fund is a wholesale managed investment scheme, structured as an Australian unit trust. It is an open-end fund. | 2.2 |
| Fund objective | Primary Objective: To provide investors with stable risk-adjusted returns, comprising both consistent income distributions and long-term capital appreciation.
Secondary Objective: To provide investors exposure into renewable and sustainable green energy assets, through acquiring, developing, constructing, and operating a diversified portfolio of utility-scale solar PV and BESS assets within the Australian and New Zealand wholesale energy markets. |
2.1 |
| Investment strategy | We are raising funds from the issue of Units to invest in a portfolio of Australian renewable energy assets, primarily in the following categories:
Primary geographic focus will be on the Australian and New Zealand wholesale energy markets. |
2.1 |
| Liquidity Strategy | Partnership with Liquidise.com to provide a dedicated secondary trading platform, facilitating investor-matched liquidity for Wholesale Investors. | 2.8 |
| Comparative Advantages | Captive, Proprietary Pipeline: The Fund is launching with a proprietary portfolio of pipeline assets secured by Bara Energy.
Integrated Management Team: The Bara Energy team is a fully integrated operation manager and energy trading platform, with in-house AEMO / FCAS trading expertise. |
2.1 |
| Investment Term | Open-ended. | 2.3 |
| Asset-Backed Income-Focused Unit Classes & Target Returns | Class A (First Ranking Asset-Backed): Target IRR of 7% p.a., with full asset-backed capital protection (last loss tier);
Class B (Subordinated Asset-Backed): Target IRR of 10% p.a., with strong asset-backed capital protection (second last loss tier); |
2.5 |
| Absolute Returns-Focused Equity Unit Class & Target Returns | Class C (Preferred Equity): Target returns around 15% p.a., with no asset collateralisation (i.e. first loss tier).
Target returns are not guaranteed. Actual returns will depend on the performance of the underlying assets. Distributions, where available, will generally be paid quarterly in arrears. |
|
| Redemption | You can redeem your investment by lodging a redemption request with us at least 3 months in advance of the expected redemption date. | 2.6 |
| Liquidity and Secondary Trading Options | The Fund has partnered with Liquidise.com to provide a specialist secondary market platform for Wholesale Investors. See Section 2.8 for full details. | 2.8 |
| Benefits | Benefits of investing in the Fund include:
|
5.1 |
| Risks | All investments involve risks. Some of the key risks are outlined in Section 5.2 | 5.2 |
| Annual Management fee | 2.0% p.a. of the Total Asset Value (TAV) of the Fund | 6.1 |
| Performance fee (Carried Interest):
Only applicable on Class C units (Preferred Equity). |
20% of any investment profits upon realisation. | 6.2 |
| Third-Party Fund Administration Expenses: | Any third-party administrative or operational expenses of the Fund, including but not limited to: accounting, audit, legal, insurance, investor-initiated regulatory reporting costs; etc.
These costs will be capped at the greater of either: A$250k p.a. or 0.6% of Fund assets. |
6.3 |
| Reporting to investors | Investors will receive:
|
2.8 |
| Tax | Investing in the Fund may have taxation consequences for you. We recommend you seek professional tax advice before investing in the Fund. | 7 |
| Complaints resolution | If you have a complaint about your investment in the Fund, please contact us at:
Hash Financial Group Pty Ltd Level 9, Suite 901, Tower B, The Zenith, 821 Pacific Highway, Chatswood, NSW 2067 |
9.4 |
| Profile Photo | Name | Role | Appointed | |
|---|---|---|---|---|
 | Victor Jiang | Founder & Group MD | Hash Financial Group & Sapien Group | https://www.linkedin.com/in/victorjiang/ |
 | Syco Peng | Executive Director | Hash Financial Group | https://www.linkedin.com/in/syco-peng-50057a240/ |
 | Cormac Heffernan | Executive Director | Hash Financial Group | https://www.linkedin.com/in/cormac-heffernan-771b017/ |
