B. MOSES ASSET MANAGEMENT

Progressing Partnerships & Investment Solutions

We Listen, We Act, We Deliver

BMAM offers diversified asset management and wealth management services centred around fostering progressive partnerships and delivering exceptional investment performance. Our commitment to building strong and collaborative relationships with our clients and co-investors allows us to provide tailored solutions that align with their financial goals and investment objectives.

Discover the joy of earning investment returns while making a meaningful impact with your investments

Seed Capital

Seed Capital relates to the earliest stage of financing. It may be at the idea stage to fund a product's first version or initial product development and commercialisation. Raisings tend to be smaller and carry a high risk to investors.

Early Venture

Early Venture Capital (roughly Series A) is an investment in a high-growth recently established business (a startup) that is used to accelerate growth. It is often the company's first institutional (professional investor) investment. This stage is usually when a company has a product on the market and is demonstrating some level of traction with customers.

Growth Venture

Growth Venture capital (roughly Series B-D) is an investment in a high-growth startup already generating significant revenue and customer traction. Usually, companies have raised one or more prior capital rounds with other professional investors. Capital raised is used to accelerate growth further and potentially enter new markets.

Late Stage & IPO

Late Stage/IPO rounds are capital raisings for advanced companies that are close to either an IPO (Initial Public Offering) or an acquisition. The company usually generates substantial revenues and may be at or close to profitability. Growth is slower than in earlier rounds but still typically significant.

Listed Equities

Our research and portfolio management services include buying and selling publicly listed equities or shares through public exchanges (e.g., ASX, NASDAQ, LSE).

Acquisitions

BMAM acquisitions or buyout investment strategies seek to acquire 100% (or, in some cases, a smaller number that is still a controlling majority) of the shares of a company.

Venture Debt

Venture Debt investments provide debt to early-stage companies, usually in technology or biotechnology. This debt has a maturity date upon which the borrower must repay it. It often carries both a fixed rate of interest and warrants (options converting into a portion of equity). BMAM considers venture debts at a wholesale and institutional level. However, we do not accept convertible notes.

Private Debt

BMAM provides secured private debt solutions to the Australian SME market. Private Debt investment provides a loan (or bond) for a certain period at a given rate of interest. The money must be repaid at the end of the period, unlike equity, which usually has no maturity date. In terms of claims, debt investments are paid before equity investors. In some cases, a company will have multiple classes of debt. Senior debt refers to debt that ranks ahead of other classes of debt. Mezzanine or second lien ranks in between debt and equity.

Structured Capital

Structured Capital investments provide capital that has characteristics between senior debt and equity. Examples include debt plus warrants (similar to equity options), mezzanine debt (higher return, higher risk debt that is repaid after senior debt but before equity), and convertible notes (that are automatically converted to equity and are considered to be equity). Like senior debt, these structured instruments have a fixed maturity date and some portion of fixed interest. They must be repaid in priority to equity holders in a sale or liquidation. BMAM participates in structured capital investments but does not accept convertible notes.

Special or Distress

Special or Distress investments targets companies that require an operational turnaround due to them having capital structure issues (e.g., too much debt) or other situations that ordinary investors would find challenging. Special situations investments generally can offer sufficient collateral and are usually very flexible. BMAM will look for set returns through both debt and equity structures.

Hedge Strategies

Hedge Strategies refer to an umbrella of non-traditional investments, including short-selling (betting a company share price will decline) and various forms of arbitrage. Our investment managers operate diversified derivative strategies for wholesale and institutional investors in this space.

Managed Investments

Managed Investments Schemes (MIS) are structured investments where a group of investors collectively invest in the passive income and or growth strategy of a fund. Investors generally hold units, shares, or notes in an MIS product. MIS is a special purpose fund and may require co-investing with other external capital partners on specific deals to limit exposure or maximise investment outcomes. MIS are often bespoke structures that attract management and performance fees. BMAM wholesale MIS products pay regular distribution to our investors.

ETF

Exchange-traded funds (ETFs) are a low-cost way to earn a return similar to an index or a commodity. They can also help to diversify investments and reduce the cost and risk of an overall portfolio. Similar to listed equities, we buy and sell units in ETFs through an exchange like the Australian Securities Exchange (ASX). In Australia, most ETFs are passive investments that don't try to outperform the market.

Managed Funds

A managed fund is an investment that requires pooling your money together with other investors. A fund manager then buys and sells assets such as cash, shares, bonds, and listed property trusts on your behalf. You don't own the underlying investments; you own 'units' in the fund. The value of the units or shares will rise and fall with the value of the underlying assets. BMAM considers managed funds for our client's asset allocation where appropriate.

LICs

Listed investment companies (LICs) are investments listed on an exchange, such as the ASX. LICs generally operate like a managed fund with a nominated fund manager who makes the investment decisions for the vehicle. LICs are 'closed-ended.' This means they don't issue new shares or cancel existing shares as investors join or leave. Instead, they issue a fixed number of shares in an initial public offering (IPO). Investors then buy and sell those shares on the exchange. This allows a fund manager to focus on investing without worrying about cash flow. As LICs are companies, they may pay franked dividends.

P2P Lending

Peer-to-peer (P2P) or marketplace lending allows an individual needing a personal or business loan to borrow money directly from an investor instead of going through a lender such as a bank, building society, or credit union. The borrower takes out a loan — and repays it over time with interest. A P2P lender operates an online platform. The platform operator acts as an intermediary between investor and borrower. It makes money by charging fees to both. BMAM currently does not offer P2P lending via a platform.