Home / News / HCAP launches next single asset trust

HCAP launches next single asset trust

News

(Pictured: Steve Howell)

HCAP Asset Management is opening its next, and fifth, single asset trust, called the South Brisbane Single Asset Trust, to investors on Wednesday for an offer close data of 11 June 2014.

The trust offers exposure to a residential development project and targets a substantial return of 25 per cent over 18 months, net of fees. The management fee is 2 per cent, and the administration fee is 1.3 per cent, for a minimum investment of $100,000.

  • The development is near the Brisbane CBD and is for a residential development project, called Fleet Lane, with 66 apartments with car spaces, and access to a 300 square metre roof top terrace.

    HCAP’s first three single asset trusts, also within a three kilometre radius of Brisbane CBD, managed to deliver returns of 28 per cent, 25 per cent and 25 per cent, against targets of 20 per cent, within 18 months, on average, from launch of the respective development.

    A Lane Cove Single Asset Trust was launched in April and another single asset trust will be launched in November for a residential development project in Pymble in Sydney.

    As trusts that provide exposure to a single property development, the fund could be considered a unique mixture of a hedge fund and private equity.

    HCAP founder, Steve Howell, has a long history in hedge funds in Australia, and was co-founder of Basis Capital. 

    Investor Strategy News




    Print Article

    Related
    The good, the bad and the AI: Financial sheriffs take aim

    Regulators are on red alert as this technology spreads like wildfire, presenting increasing issues, risks and challenges for global financial markets.

    David Chaplin | 28th Mar 2025 | More
    Family offices warn of threat to critical investment decisions

    Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.

    Duncan Hughes | 7th Mar 2025 | More
    APRA’s governance move could trigger wholesale change

    If the regulator’s proposal to limit board tenure to 10 years takes effect, then many non-executive board members will be in the firing line, with industry funds likely to have the most casualties.

    Nicholas Way | 7th Mar 2025 | More
    Popular