Super startup taps new investors

A superannuation fund launched by a former Olympian and investment banker has raised $2 million from investors.

Superestate has attracted new investors including Aura Group, whose venture capital fund invested $750,000 in Superestate as a part of the $2 million raise, in a transaction completed in May.

Superestate's investment options have significant allocations to residential property and a focus on tech through a partnership with GBST.

The fund operates as a sub plan of the Tidswell Master Superannuation Plan and was launched in March 2018 by Olympic medalist and former investment banker Grant Brits.

"We are a venture capital firm, so we are typically looking at a return of five to 10 times on our investment over a time horizon of about five years," Aura Group co-founder and managing director Eric Chan said.

"Grant and his team have achieved exceptional AUM and member growth over a short period of time and we're excited to work with the team to scale their distribution," Chan said.

Superestate had $4.4 million in total assets (including investments and tax assets) at June 2018.

Aura Group believes Superestate will benefit from industry tailwinds including the superannuation guarantee increasing from 9.5% to 12%, Coalition's win during the recent Federal elections and APRA's move to ease mortgage serviceability rules.

Its two investment options, called the Superestate Property 25 and Superestate Property 50 have a 25% and 50% strategic allocation respectively to Aussie residential property.

Read more: SuperestateAura GroupEric ChanGrant BritsTidswell
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