Asset backing, predictable cash flows, and where value is misunderstood.
A concentrated portfolio of around 8-12 listed companies. Aiming to deliver, on average, 10-12% per annum net of fees inclusive of at least 3% per annum in distributions over any 5 year period.
We believe a concentrated portfolio of companies we know well is less risky and more likely to deliver returns over the medium term.
The Dividend Plus Fund was initially created by Jim Craig as a portfolio for his family and friends, to compound their capital over the medium term whilst also receiving annual distributions. The Fund benefits from Jim's and our Investment Committee’s experience investing in infrastructure and infrastructure like assets over decades. Companies owned by the Fund will typically have defensive cashflows, significant asset backing, and be trading at attractive prices. The top 3 positions in the Fund will typically represent 40-60% of the invested capital.
With over 20% of the funds invested being those of River Principals, Investment Committee and team, the Dividend Plus Fund has retained an emphasis on capital preservation and compounding – important first principles for Jim and for River more broadly.
The Fund seeks to achieve a target total return of, on average, 10-12% per annum net of fees inclusive of semi-annual distributions of at least 3% per annum over any 5 year period. Subscriptions are provided for each month and liquidity is offered on a quarterly basis with 45 days’ notice.
Well Priced Cashflows
Companies with consistent, long term revenue streams that provide investors with more predictable cashflows. Think infrastructure and infrastructure like businesses in transport, airports, ports and embedded networks.
Discounted Assets
Businesses that are trading at a material discount to our view of value. Often underwritten by significant asset backing providing investors with solid capital protection.
Active Engagement
We are active investors. The companies the Dividend Plus Fund invests in value our long-term compounding mindset and the deep expertise we bring to the table. The Fund can work with Boards and executive teams to unlock value.
Dividend Plus Fund targets a total return of, on average, 10-12% p.a. net of fees inclusive of semi-annual distributions of at least 3% p.a. over any 5 year period.
A concentrated portfolio of around 8-12 investments into infrastructure, reasonably priced cashflows and discounted asset backed businesses.
- Well priced cashflows
- Discounted assets
- Active engagement
Meet the Dividend Plus
Fund team.
Our Listed Equities team for the Dividend Plus Fund is led by Jim Craig with leading Australian investors contributing through the River Capital Investment Committee. Over 20% of the funds invested are those of River Principals, Investment Committee and the broader River team.
Jim previously led Macquarie's advisory business and the Macquarie Capital Funds Group. In 2003, he became CEO of Macquarie’s European business and Head of Macquarie Capital in Europe. In 2009, he moved to Melbourne as Chairman of Macquarie Capital Advisers Australia. Jim is a Guardian Director of Future Fund, and has served as a director and chairman for various public and private companies, including Australian Super.
Akshay is the Portfolio Manager of the River Capital’s Listed Equities team. With 15 years at Karara Capital, he managed funds for institutional and retail clients. Akshay holds a Bachelor’s in Business Banking & Finance and Postgraduate studies in Applied Finance, with a strong passion for investing.
Hung works in the River Capital Listed Equities team and has over 25 years’ experience across funds management, trading, and actuarial consulting. He has worked across both the credit and equity markets over his career.
Rupert works in the River Capital Listed Equities team as an Investment Analyst covering REITs/building materials/retail/infrastructure companies. He previously worked at Judo Bank while finishing his Postgraduate Degree in Finance at Monash University.
Invest alongside us
We would be delighted to welcome you as a River Capital co-investor. River Capital invites wholesale investors, seeking to invest $250,000 into the Dividend Plus Fund.
Fund investors are given preferential access to our Strategic Investment opportunities.
Request Information Memorandum
Please complete the form below and we will share the Dividend Plus Fund IM with you.
FAQs
We would be delighted to discuss the Dividend Plus Fund and answer any questions you may have, so please feel free to contact us.
The Dividend Plus Fund is a concentrated portfolio of around 8-12 listed companies. The portfolio includes companies with well priced cashflows, discounted assets, and where active engagement can unlock value.
The Dividend Plus Fund is targeting, on average, 10-12% per annum net of fees inclusive of at least 3% per annum in distributions, over any 5 year period.
The Dividend Plus Fund is open to Wholesale Investors. Our minimum initial investment is $250,000.
The Dividend Plus Fund unit price is calculated on a monthly basis which can be viewed via the Investor Portal.
The Fund expects to pay a semi-annual distributions of at least 3% p.a. in January and July.
Investments are accepted for the start of each month.
The Dividend Plus Fund offers redemptions quarterly. 45 days' notice is required.
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