Fund
Australian Carbon Fund ("ACF")
Investment Manager
Australian Carbon Fund Management Pty Ltd
Australian Carbon Fund
ACF
Fund Manager
Minimum Investment
A$20,000
Key Fund Details
Fund Overview
The Australian Carbon Fund's mission is to provide sophisticated investors with unprecedented access to buy and sell Australian Carbon Credit Units (ACCUs).
The fund seeks to capitalise on the increasing focus on emissions' reductions by Australian organisations, investors and consumers and tap into the fast-growing domestic carbon market.
ACF aims to deliver strong returns for investors and promote investment in activities designed to accelerate climate action.
The Problem
- ACCUs are currently extremely illiquid, with only ~1300 entities eligible to hold them.
- There is a significant time barrier to entry with the process to open a registry account and complete the necessary accreditation now taking >6 months.
- ACCUs are held on a public registry, meaning your name, address and holdings are publicly available.
- ACCUs are generally only traded in large parcel sizes (~10,000 units, ~$280,000).
- ACCUs are considered a financial product and nearly all traditional stockbroking firms don’t have the necessary AFSL distinction to deal in them.
- This leaves a significant gap in the market for a vehicle that offers simple, and timely investment in the emerging ACCU asset class.
The Opportunity
The Australian carbon market is still relatively immature in contrast to other global markets leaving a significant opportunity to acquire ACCUs at comparably low prices as the market evolves.
Key Documents
Board and Management
Bryant is an Australian Financial Services Licensee with 25+ years’ real experience in Equities & Capital Markets. Founder, Chairman and Director of many successful Private, ASX and LSE companies. Current Chairman of Mac Equity Partners and Executive Director of Universal Biosecurity.
Past directorships include London Stock Exchange listed aircraft leasing company Avation (AVAP), ASX listed hydrogen and graphite production company Hazer Group (HZR), portable brain scanner technology development company EMvision (EMV), PharmAust (PAA) and synthetic chemistry business Epichem. IPO lead manager for Remsense, Wide Open Agriculture (WOA), Nanollose (NC6), Pharmaust (PAA), EMvision (EMV) and Hazer (HZR).
Tim is the Managing Director of Boutique Capital the Trustee and Administrator of the fund. Tim has more than 25 years’ experience in risk management, funds management and trading activities both domestically and in international markets.
He has worked in London, Singapore and Sydney for world renowned investment banks and has established and operated both small and large hedge funds in Australia. Most recently he was in the role of CEO of Resource Super.
Raj is an experienced commercial executive in the carbon offsets, renewable energy, broader infrastructure and natural resources sectors.
Prior to co-founding CarbonTP, Raj worked with government utilities and private sector proponents to develop renewable energy strategy and financing for large scale renewable energy technology projects.
Raj has also served as CFO of Select Carbon and led the sale of Select Carbon to Shell. He has a deep understanding of the offsets market, carbon abatement and procurement strategies for offsets.
His work spans Australia, Asia and the Middle East including companies with operations in Africa.
Disclaimer
Australian Carbon Fund Management Pty Ltd is a corporate authorised representative (CAR) of Boutique Capital Pty Ltd (BCPL) AFSL 508011, CAR Number 1296943. CAR is an investment manager of the fund(s) described elsewhere in this document, or in other documentation (Fund). To the extent to which this document contains advice it is general advice only and has been prepared by the CAR for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth). The information herein is presented in summary form and is therefore subject to qualification and further explanation. The information in this document is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this document are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information. The investment summarised in this document is subject to known and unknown risks, some of which are beyond the control of CAR and their directors, employees, advisers or agents. CAR does not guarantee any particular rate of return or the performance of the Fund, nor does CAR and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance. The materials contained herein represent a general summary of CAR’s current portfolio construction approach. CAR is not constrained with respect to any investment decision making methodologies and may vary from them materially at its sole discretion and without prior notice to investors. Depending on market conditions and trends , CAR may pursue other objectives or strategies considered appropriate and in the best interest of portfolio performance. There are risks involved in investing in the CAR’s strategy. All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the Fund’s Information Memorandum. It is important to note that despite taking such steps, the CAR cannot mitigate risk completely. This document was prepared as a private communication to clients and is not intended for public circulation or publication or for the use of any third party, without the approval of CAR. Whilst this report is based on information from sources which CAR considers reliable, its accuracy and completeness cannot be guaranteed. Data is not necessarily audited or independently verified. Any opinions reflect CAR’s judgment at this date and are subject to change. CAR has no obligation to provide revised assessments in the event of changed circumstances. To the extent permitted by law, BCPL, CAR and their directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this report, or for any negligent misstatements, errors or omissions. This Document is informational purposes only and is not a solicitation for units in the Fund. Application for units in the Fund can only be made via the Fund’s Information Memorandum and Application Form.
