Thorney Technologies
About this Fund
Fund Detail
PDS | |
FUND MANAGER | Thorney Management Services |
ASX Code | TEK* |
APIR | |
ASSET CLASS | LISTED INVESTMENT COMPANY |
INVESTMENT STYLE | TEK invests across a wide range of asset classes, and has a broad mandate to concentrate on technology related investments. |
INVESTMENT PROFILE | TEK seeks absolute returns over the medium to long term. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | |
BENCHMARK | N/A |
FUND SIZE | N/A |
DISTRIBUTION FREQUENCY | N/A |
NO. OF HOLDINGS | |
FEES | 0.75% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in TEK
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RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the FundTEK is an ASX listed investment company that has a broad mandate to concentrate on technology related investments. TEK is managed by the privately owned Thorney Investment Group [TIG] under a long-term investment management agreement. TIG has grown its own portfolio substantially over the past two decades and it is this same strategy that TEK employs as it carefully selects its investments. Through the investment management agreement TEK has access to the same investment team and deal flow as TIG and has already co-invested with TIG in a number of the investments that TEK has undertaken so far. Thorney GroupThe Thorney Group was established by Mr Alex Waislitz in the 1990's and invests across many asset classes, both in Australia and globally. Technology investment experience: Thorney Group has for many years invested in technology investment opportunities, both listed and private businesses, and Australian and global opportunities. Thorney deal flow and network: Thorney Group has an extensive network in Australia and offshore, which generates extensive investment deal flow opportunities. Exposure to offshore opportunities: Thorney Group has a range of existing investments in technology businesses in overseas markets, notably in Israel and the United States. Thorney Group 's network includes Israeli and Silicon Valley based venture capital firms, which generate investment opportunities. Thorney team: Thorney Group has an active team focussed on sourcing, evaluating and structuring investment opportunities, and monitoring and assisting investments on an ongoing basis. The team comprises a group of professionals whose experience includes funds management, investment banking and stock broking. |
Mandate
How we invest your moneyThe proposed investment strategy to be adopted by the Company, pursuant to the terms of the Investment Management Agreement, will be to pursue absolute returns over the medium to long term. This is to be achieved by Thorney Management seeking opportunities from a wide range of asset classes, including investments in:
Thorney Management will have a broad mandate to consider investment opportunities, with a focus on technology opportunities and disruptive business models. Investments may span the life cycle of business from venture capital, start up, early stage businesses and pre-IPO to listed securities and well established businesses. Investments may include:
The Company and Thorney Management may also consider investments in a wide range of opportunities including:
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