US Select Private Opportunities Fund III (Fund) represents a continuation of the strategy of the Series established to provide investors with access to a family office style of investing in United States private investments through an ASX listed vehicle. Units in the Fund are being offered to investors under a product disclosure statement dated 11 August 2017 (PDS).
The proceeds of the Offer will be primarily invested in US Select Private Opportunities Fund III, L.P. (LP), which will in turn invest in a portfolio of private investment funds consistent with the investment strategy of the Fund, noting that new investors will still have exposure to the existing underlying investments.
Investment opportunity and Fund highlights:
• Access to family office style of investing alongside the highly successful Cordish Family
The Fund provides access to the Cordish Family Office who has significant experience and expertise investing in private markets. Typically, family offices have access to many private ventures and investment opportunities that are beyond the reach of most individual investors.
• Superior long-term returns available in private investments
Historically, US private equity has consistently outperformed US public equity over the long term.
• Diversification benefits
The Fund offers investors the opportunity to diversify their investment portfolio beyond real estate, public equities and fixed income while increasing their return potential. Private investment returns have historically demonstrated low correlation with public equities and fixed income and have on average tended to outperform listed equities.
• Access to an experienced team with a successful track record of Fund I and Fund II of the Series
The Investment Manager and/or its related entities have managed the limited partnerships of Fund I and Fund II since their inception.
• Strong Australian dollar
The offer may allow investments in Australian dollars to capitalise on the current strength of the Australian dollar as at the date of the PDS which will provide potential upside should the exchange rate return to its historical trading range. However, there is no guarantee this strength will be maintained at the date that Units are issued under this PDS.
Like all investments, an investment in the Fund carries risks which may result in the loss of income or principal invested. In addition to the general risks of investing, specific risks associated with investing in the Funds include, but are not limited to private investments risk and liquidity risk. For further information about the risks of investing in the product see Section 4 of the PDS.
Prospective investors should consider the PDS in full when deciding whether to acquire units in the Fund. The PDS is available by accessing the link below or a hardcopy can be obtained for free by contacting the Responsible Entity on 1300 454 801.
Disclaimer – Units in US Select Private Opportunities Fund III (ARSN 612 132 813) will be issued by Walsh & Company Investments Limited (ACN 152 367 649, AFSL 410 433) as responsible entity of the Fund.
Past performance of US Select Private Opportunities Fund I (ARSN 158 625 284) and US Select Private Opportunities Fund II (ARSN 162 057 089) is not a reliable indicator of future performance of the Fund.
Not an offer in the US: This website does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The content on this website may not be distributed or released in the United States. The securities in the proposed offering have not been and will not be registered under the US Securities Act of 1933 (US Securities Act), or under the securities laws of any state or other jurisdiction of the United States.