Compelling New Investment Option
Investors looking to pivot out of direct ownership while still maintaining a strong property portfolio managed by a hands-on team of directors may have found the light at the end of their tunnel with First Light Capital.
1 April 2021
Director of First Light Capital, Toby Hunn says that the company was founded after their diverse team of directors saw “a space in the market for a smaller property funds management business where there is a personal touch, and where investors can invest alongside the founding partners.”
Hunn says that the team at First Light Capital comes from a range of different backgrounds that all contribute to significant business experience.
“There are four founding partners, the three directors from accounting company VCFO which specialises in Fund management, and my career has been in Investment banking and more recently property syndication.”
The fact that First Light Capital is a smaller business allows them to do things that the big players cannot do, says Hunn.
“We are not the size of some of the other unlisted property funds out there which can be real machines. We are a bespoke company that can have a direct relationship with all of our investors.”
The main offering from the group is the First Light (deleted Capital) Property Fund which is a commercial and industrial property fund aiming to provide solid returns from within a conservative fund structure.
“We aren’t going to be chasing yield for the sake of it. We want to have a conservative investment where investors’ capital is preserved and will grow over time, whilst providing them with a steady stream of income.
The fund at the moment includes one commercial property with a target return of 6.5% p.a. payable monthly.
“The First Light Property Fund will provide investors with as many of the benefits of direct property ownership as possible, without all of the day to day hassles of managing a portfolio yourself.”
(changed sentence a bit) Being a PIE fund, shareholders receive the same income, tax deductions and capital gains as if they owned the properties direct, including depreciation deductions which reduces their tax.
For those seeking a passive incomeand exposure to New Zealand’s commercial property sector, please visit www.firstlightcapital.co.nz or contact Toby Hunn at 027 574 8477 or email him at [email protected] to receive details on all upcoming listings.
