• About the Fund

    The Fund invests in the phase which converts a project from an idea/ concept to a “shovel ready” project, being ready to immediately implement.

    It forms two distinct parts:
    – Proving the feasibility of a project,
    – Preparing the investment approvals and contracts.

    An Australian established, open ended, unlisted unregistered wholesale unit trust.

    The Fund invests through designated regional focused sub-funds intended for location in appropriate jurisdictions.

    With over 100 years experience in infrastructure analysis, technical and ESG planning, implementation and operation, we know what makes the best projects successful.

    We fund these projects in developing countries by investing in them at incubation stage, leading the feasibility studies and due diligence to ensure the right projects take flight to contribute to the economic well-being of countries across EMEA and APAC.

    The World Bank estimates USD 97 trillion needs to be spent on infrastructure by 2040. Our uniquely focused fund addresses a recognised lack of available funding of projects in the early feasibility phase, to ensure the pipeline for these vital infrastructure projects is established.

    Our portfolio approach to investing mitigates the impact of this focus on the incubation phase of infrastructure projects. Our connection to industry means we can pursue opportunities to move them forward at pace. Our active participation in the construction phase and positions within the operating entities ensures the investments are protected and subsequent funding secured.

    Clients

    • Governments wishing to build a pipeline of projects for which they intend to seek foreign investment
    • Private Sector sponsors who have identified an infrastructure project that the government wants and for which viability assessment and contracting is required

    Benefits

    Governments

    • Need not use funds of government budgets
    • Need not utilise public service resources
    • Receive a project that has been independently assessed by global experts that have no conflict of interest in the outcome
    • Easier to attract foreign funds investment

    Private Sector

    • Need not use own fund sources
    • Utilises global experts that may otherwise be prohibitively expensive
    • Easier to attract foreign funds investment partners

    Infrastructure Funds

    • Receive a project that has been independently assessed by global Experts that have no conflict of interest in the outcome
    • Reduces the need for expenditure on due diligence for government tenders
    • Potential reduction in lead time assessment through inclusion on documentation development process
    • Potential reduction in marketing expenditure
    • Lowers investment risk

    Process

    • Assess the technical viability (technically infeasible projects are discarded)
    • Use of top globally recognised technical experts, specialists in the field of the project to assess technical viability
    • Use of the top 5+ global legal firms to assess legal viability and requirements for implementation
    • Use of the top 5+ financial firms to assess financial viability and conditions of investment
    • Liaise with global infrastructure funds to ensure document closure is investment ready and acceptable
    • Application of political risk insurance
  • Who We Are

    We have 100 years of experience in infrastructure analysis, technical and ESG planning, implementation and operation; global experience in multi-asset class investment management, deal origination,
    and capital raising.

    The Trustee —
    Non Correlated Capital Pty Ltd

    With in excess of 25 funds and AUD 300 million assets under management, its directors have particular experience in the resources sector and venture capital fund administration. Non Correlated Capital’s focus on corporate governance has seen its FUM increase over 300% in 3 years.

    The Investment Manager —
    VOOG Investment Management Pty Ltd

    Its directors, Donald McBain, Roger Clay and Hayden Burge, between them have in excess of 100 years of international experience in infrastructure analysis, technical and ESG planning, implementation and operation.

    Pascal Gouel, Fund Director, has 25 years of global experience in multi-asset class investment management, deal origination,
    capital raising and has personally executed over AUD 1 billion in project investment and acquisitions.

    Assisting Expertise —
    Assisting the Fund Manager are strongly
    independent and highly experienced
    committees and consultants.

    Investment Advisory Committee
    Dr John Hewson AM (Chair)
    Zelda Anthony
    John Brumby AO
    Dr Roger Sexton AM
    Nicholas Whitlam

    Technical Advisory Panel
    Rodney Chapin — wastewater & PPP
    Mark Davison — railway systems
    Gary Garner — airport, air transport & PPP
    Mike Gordon — infrastructure delivery
    Colin Smith — renewable energy & SCADA

    Fund Advisors & Support
    Legal consultants — Baker McKenzie
    Financial & tax consultants — PwC
    Data security — Ansarada Pty Ltd
    Auditor — Hall Chadwick

  • Fund Investors

    15%-20% estimated ROI
    — success based fee drawn from first investment in project implementation

    Estimated long term 25%+ returns
    — through carried equity interests in private sector projects

    Fund Investment Risk Mitigation

    Portfolio approach to investment to manage risk
    Multi-stage project assessment leading to distinct “Go – No Go” decision points to limit individual project exposure
    For Government projects, returns are secured through payment guarantees
    For private sector projects, returns are managed by assuming shareholder, BOD and key management position control
    Political risk insurance through fund investor structure and insurances

    Fund Metrics

    Type Open ended, unlisted, unregistered wholesale unit trust
    Target Size AUD 120 million
    Initial Unit Price AUD 1.00
    Redemption Minimum investment time frame of 5 years. Early redemption subject to available liquidity and the discretion of the Trustee and Investment Manager.
    Subsidiary Funds’ Geography Indonesia
    South-East Asia (excl. Indonesia)
    Central Asia
    North Africa
    Minimum Investment AUD 100,000
    Asset Type Short term: Concept to ‘‘shovel ready’’ stage infrastructure projects
    Long term: Infrastructure project equities
  • Contact Us

  • The Fund invests in the phase which converts a project from an idea/ concept to a “shovel ready” project, being ready to immediately implement.

    It forms two distinct parts:
    – Proving the feasibility of a project,
    – Preparing the investment approvals and contracts.

    An Australian established, open ended, unlisted unregistered wholesale unit trust.

    The Fund invests through designated regional focused sub-funds intended for location in appropriate jurisdictions.

    With over 100 years experience in infrastructure analysis, technical and ESG planning, implementation and operation, we know what makes the best projects successful.

    We fund these projects in developing countries by investing in them at incubation stage, leading the feasibility studies and due diligence to ensure the right projects take flight to contribute to the economic well-being of countries across EMEA and APAC.

    The World Bank estimates USD 97 trillion needs to be spent on infrastructure by 2040. Our uniquely focused fund addresses a recognised lack of available funding of projects in the early feasibility phase, to ensure the pipeline for these vital infrastructure projects is established.

    Our portfolio approach to investing mitigates the impact of this focus on the incubation phase of infrastructure projects. Our connection to industry means we can pursue opportunities to move them forward at pace. Our active participation in the construction phase and positions within the operating entities ensures the investments are protected and subsequent funding secured.

    Clients

    • Governments wishing to build a pipeline of projects for which they intend to seek foreign investment
    • Private Sector sponsors who have identified an infrastructure project that the government wants and for which viability assessment and contracting is required

    Benefits

    Governments

    • Need not use funds of government budgets
    • Need not utilise public service resources
    • Receive a project that has been independently assessed by global experts that have no conflict of interest in the outcome
    • Easier to attract foreign funds investment

    Private Sector

    • Need not use own fund sources
    • Utilises global experts that may otherwise be prohibitively expensive
    • Easier to attract foreign funds investment partners

    Infrastructure Funds

    • Receive a project that has been independently assessed by global Experts that have no conflict of interest in the outcome
    • Reduces the need for expenditure on due diligence for government tenders
    • Potential reduction in lead time assessment through inclusion on documentation development process
    • Potential reduction in marketing expenditure
    • Lowers investment risk

    Process

    • Assess the technical viability (technically infeasible projects are discarded)
    • Use of top globally recognised technical experts, specialists in the field of the project to assess technical viability
    • Use of the top 5+ global legal firms to assess legal viability and requirements for implementation
    • Use of the top 5+ financial firms to assess financial viability and conditions of investment
    • Liaise with global infrastructure funds to ensure document closure is investment ready and acceptable
    • Application of political risk insurance

  • We have 100 years of experience in infrastructure analysis, technical and ESG planning, implementation and operation; global experience in multi-asset class investment management, deal origination,
    and capital raising.

    The Trustee —
    Non Correlated Capital Pty Ltd

    With in excess of 25 funds and AUD 300 million assets under management, its directors have particular experience in the resources sector and venture capital fund administration. Non Correlated Capital’s focus on corporate governance has seen its FUM increase over 300% in 3 years.

    The Investment Manager —
    VOOG Investment Management Pty Ltd

    Its directors, Donald McBain, Roger Clay and Hayden Burge, between them have in excess of 100 years of international experience in infrastructure analysis, technical and ESG planning, implementation and operation.

    Pascal Gouel, Fund Director, has 25 years of global experience in multi-asset class investment management, deal origination,
    capital raising and has personally executed over AUD 1 billion in project investment and acquisitions.

    Assisting Expertise —
    Assisting the Fund Manager are strongly
    independent and highly experienced
    committees and consultants.

    Investment Advisory Committee
    Dr John Hewson AM (Chair)
    Zelda Anthony
    John Brumby AO
    Dr Roger Sexton AM
    Nicholas Whitlam

    Technical Advisory Panel
    Rodney Chapin — wastewater & PPP
    Mark Davison — railway systems
    Gary Garner — airport, air transport & PPP
    Mike Gordon — infrastructure delivery
    Colin Smith — renewable energy & SCADA

    Fund Advisors & Support
    Legal consultants — Baker McKenzie
    Financial & tax consultants — PwC
    Data security — Ansarada Pty Ltd
    Auditor — Hall Chadwick

  • 15%-20% estimated ROI
    — success based fee drawn from first investment in project implementation

    Estimated long term 25%+ returns
    — through carried equity interests in private sector projects

    Fund Investment Risk Mitigation

    Portfolio approach to investment to manage risk
    Multi-stage project assessment leading to distinct “Go – No Go” decision points to limit individual project exposure
    For Government projects, returns are secured through payment guarantees
    For private sector projects, returns are managed by assuming shareholder, BOD and key management position control
    Political risk insurance through fund investor structure and insurances

    Fund Metrics

    Type Open ended, unlisted, unregistered wholesale unit trust
    Target Size AUD 120 million
    Initial Unit Price AUD 1.00
    Redemption Minimum investment time frame of 5 years. Early redemption subject to available liquidity and the discretion of the Trustee and Investment Manager.
    Subsidiary Funds’ Geography Indonesia
    South-East Asia (excl. Indonesia)
    Central Asia
    North Africa
    Minimum Investment AUD 100,000
    Asset Type Short term: Concept to ‘‘shovel ready’’ stage infrastructure projects
    Long term: Infrastructure project equities