For Institutional Investors

A fund built for alignment, tax efficiency, and long-term conviction.

Cavari Ventures Fund I offers institutional investors access to a concentrated, high-conviction portfolio of emerging companies across six sectors of the Australian and New Zealand economy.

A$20M

Target Fund Size

25-35%

Gross p.a. Return

ESVCLP

Pending Designation

A$250K

Minimum LP Commitment

What We Do

A conviction fund focused on the real economy.

Cavari Ventures Fund I deploys capital across Pre-Seed to Series C companies building high-conviction businesses across the real economy. We invest in founders who are solving structural problems in large, growing markets where the unit economics are defensible and the competitive advantage is durable.

Our thesis is straightforward: the largest capital reallocation in modern history is underway. Healthcare, energy, agriculture, construction, finance, and work are being rebuilt from the ground up. We back exceptional operators who are building the infrastructure layer.

This is not a generalist fund with a macro mandate. This is disciplined capital deployed against a specific thesis, backed by founders we believe in, generating returns that align investor interests at every stage.

10yr

Fund life plus 2x1-year extension options

Core Fund Metrics

The fund structure, defined.

Fund Size

A$20M

Target size. First close A$10M. Accepting follow-on commitments through second close.

Target Return

25-35%

Gross p.a. return. MOIC target 3-5x net of fees and carry over the fund life.

Preferred Return

Hurdle before performance allocation accrues. Conservative hurdle reflecting our conviction in portfolio construction.

Management Fee

2% p.a.

Standard fee structure. Charged on committed capital in years 1-3, invested capital thereafter.

Carried Interest

20%

Performance allocation after preferred return. Industry standard structure ensuring disciplined deployment.

Fund Life

10 years

Core term with 2x1-year extension options. Industry standard timeline for Pre-Seed to Series C exit horizons.

Geography

75%+ AU/NZ

Primary focus Australia and New Zealand. Up to 25% allocation to APAC opportunities with strong ANZ nexus.

Tax Efficiency

Structural advantage. Designed for eligible investors.

Fund I is structured as an Early Stage Venture Capital Limited Partnership under the Venture Capital Act. Subject to ESVCLP designation being granted, this structure delivers material tax advantages for eligible institutional investors and HNW individuals. These are not regulatory concessions. They are statutory benefits that directly improve net returns.

Subject to regulatory approval, the ESVCLP structure removes the tax friction that affects most venture investments. Capital gains are not taxed in the hands of eligible investors. The 10% upfront tax offset further improves cash flow and reduces the effective cost basis of the investment from day one.

Tax-Free Capital Gains

Subject to ESVCLP designation being granted, eligible investors receive tax-free capital gains on exits. This is a statutory benefit of the structure, not a deferral mechanism. The net return differential versus a standard partnership structure is material and compounds over a 10-year fund life.

10% Upfront Tax Offset

Eligible investors receive an immediate 10% tax offset on committed capital. This is a direct reduction in tax liability in the year of commitment. For a A$1M LP commitment, the offset is A$100K. This improves cash flow at inception and reduces the effective cost basis from day one.

Transparency

Quarterly reporting and annual transparency.

LP reporting is structured for institutional investors. We provide granular visibility into fund performance, portfolio progress, and capital deployment.

Quarterly Reports

Detailed capital call schedules, deployment activity, and cash flow forecasting. Quarterly investor updates include portfolio company performance metrics, sector trends, and key operational milestones.

Annual Audited Accounts

Independent audit conducted by tier-one accounting firms. Full NAV calculations, distributions, and performance reporting. FATCA and CRS compliance documentation included.

Portfolio Dashboards

Real-time visibility into portfolio company valuations, revenue, headcount, and financing stage. Individual company operating plans and board materials available to qualifying LPs.

LP Advisory Committee

Formal governance structure with quarterly committee meetings. LPs have voice in material fund decisions, strategic direction, and follow-on investment allocations.