$200+ million

 

Funds Under Management

10.5%

 

Annual net return since inception (April 2019)

NIL

 

Loss since inception

$5 million

 

First loss capital invested by Gemi’s principals

Gemi Investments has specialised in short-term property backed debt investments since 2000.  Gemi has a trusted reputation built over 20+ years with in excess of $2 billion of loans written and a track record of capital preservation.

The Gemi Fund (the Fund) was established in April 2019 to provide investors with access to Gemi’s investment strategy and a diversified portfolio of loans originated by Gemi and secured predominantly by first mortgages over Australian property.

The Fund targets a monthly cash distribution of 10.5% per annum net of fees of the Fund.

The Fund has been independently assessed by specialist property funds research group, Core Property and rated “Recommended”.  Please click here for a copy of the Core Property report.

Fund Inception24 April 2019
Fund TermOpen-ended
Minimum Initial Investment$25,000
Eligible InvestorsWholesale and sophisticated investors
Unit Price$1.00
Target Return10.5% p.a. (net of fees)
Distribution FrequencyMonthly
Applications/RedemptionsWeekly/Monthly
Management FeesNil
Performance FeesNil
Entry/Exit FeesNil
Trustee and costsGemi Asset Management Pty Ltd
1.0% p.a. (plus GST) of Fund Assets
Investment ManagerGemi Investments Pty Ltd

The Gemi Fund offers investors access to Gemi’s investment strategy and expertise with 3 key benefits:

  1. Single point access to a diversified portfolio of short-term property backed debt investments originated by Gemi, predominately with first mortgage security
  2. Target net returns of 10.5% p.a. with monthly cash distributions and liquidity
  3. Strong alignment of interests between Gemi and investors, with $5 million first loss invested by Gemi’s Principals

The Fund has been rated as “Recommended” by independent property funds specialist, Core Property.  The first loss capital of $5m invested as Manager Units by the principals of Gemi is regarded by Core Property Research as a unique feature of the Fund:

“A unique feature of the Fund is that the Manager provides a form of capital mitigation and distribution support to meet the target returns.  The principals of Gemi have invested $5m in Manager Units, which provide a first loss position on any capital losses in the Fund, before ordinary unitholders are impacted.  Additionally the Manager Units also provide partial support for the target returns each month.”

“Core Property considers the Manager Units to provide a strong alignment of interests as it incentivises the Manager to maintain a high level of returns but also puts the Manager at the forefront for any capital losses” 

Please click here for a copy of the Core Property report.

The Gemi Fund has consistently delivered the target return of 10.5% per annum since inception in April 2019.  The Fund has also maintained a 100% preservation of capital.

Please click here for the latest monthly investor report.

From 22 November 2021, Gemi Asset Management Pty Ltd (the Trustee) in its role as trustee of the Gemi Fund (the Fund), has used its discretion to soft close the Fund, meaning it will no longer accept investors into the Fund until further notice.

The Trustee has taken this decision taking into account the cash position of the Fund, profile of existing loans in the Fund and the pipeline of loans.

Pre-approved investors

Investors who have been pre-approved by the Trustee will be able to invest in the Fund subject to completing the Trustee’s requirements in relation to applications described in the Information Memorandum.

Why was the decision taken?

The Trustee, has decided that it is in the best interests of existing investors, to limit total assets under management at this point to safeguard the future performance of the Fund.

The Trustee expects to re-open the Fund to investors sometime in the New Year, 2022. We will keep all investors and potential investors informed by posting information about the Fund on our website.

The Gemi First Mortgage Fund – Open for Investment

The Gemi First Mortgage Fund (the Fund) was established in November 2021 to provide investors with access to Gemi’s investment strategy and a diversified portfolio of loans originated by Gemi and secured by first mortgages over Australian & New Zealand property.

The Fund targets a monthly cash distribution of 8.0% per annum net of fees of the Fund.