Our Mission
To catalyse the development of the much needed, large-scale new housing supply across the Bay of Plenty for members of the community most in need of improved housing options, whilst delivering a commercial rate of return to investors.
Impact Objectives
The Fund’s primary impact objectives are to:
Sam Richards,
Managing Director of Brightlight
“The Fund will supply both capital and delivery expertise to existing community housing organisations. It will be the catalyst for projects that otherwise wouldn’t get off the ground because of a lack of equity. Additionally, it will deliver these outcomes while demonstrating best practices and institutional-level investment processes and targeting commensurate returns in an under-invested asset class.”
Financial Objectives
The Fund’s financial returns are achieved through a combination of:
Structure of the Fund
The Fund's design presents several key advantages:
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It facilitates various investment opportunities, allowing debt and equity investments. This approach diversifies risk and caters to different investor preferences.
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It allows for continuous equity capital raising, providing flexibility and the potential for scale.
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Investors are offered liquidity options, including the ability to sell shares to other investors or back to the Fund, subject to its financial health.
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The Fund is poised to swiftly mobilise an initial $100 million from investors within the Bay of Plenty. This demonstrates both strong local commitment and financial clout.
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The structure is optimised to minimise tax burdens for investors, enhancing its attractiveness and financial efficiency.
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The Fund enables investments towards particular locations and projects. This targeted approach ensures investments are strategically aligned with regional priorities and developmental needs.
