overview

KCS provides secured mortgage loans to borrowers with equity, and is backed by the ownership of select commercial real estate properties.

Our proven track record spans multiple market cycles. Since it’s inception in 2001 KCM has managed KCS and it predecessor with no loss of capital and payment of consistent quarterly dividends.

We aim to deliver a quarterly income of circa 7 - 8% p.a. plus an additional 3 - 5% p.a. uplift over the initial 8-year life.

approach

KCS investment strategy allows us to invest across the capital structure in New Zealand CRE debt and equity based on our asset-based and value-add investment approach respectively.

We invest in mortgages over property (usually within first mortgage criteria), investment property that we actively manage, and other property opportunities whereby we can buy and sell and make a profit . This is what makes KC Securities different to a finance company, listed property company or owning your own property.

We make asset-based lending decisions that focus on the financial strength and underlying value of the collateral that secures the loan rather than on the credit history of the applicant. The length of these loans is generally between six months and two years for amounts ranging from $250K and $15M.

KCM, maintains a disciplined and efficient investment management approach with a rigorous investment process based on thorough due diligence and experienced judgment.

portfolio allocation

Direct investment

focus

Geographic Focus

:New Zealand

Sector Focus

:Comercial Real Estate

Asset Class

:Equity-backed Debt

Asset Allocation

regional allocation

Process

Source

KC Securities exploits its strategic position within the New Zealand real estate market
Principals have been in the business of lending since 1982
Transaction Sourcing – extensive network of relationships to identify proprietary opportunities • General Partner investment recommendation
Advisory Board Approval

Invest

Targeted investments NZ$250K – NZ$15M, Placement 7+ years, 8 year lifetime
Due Diligence: in-house research and 3rd party specialists
Valuation methodology: financial strength and underlying value of proposed collateral

manage

Continually monitor and, where appropriate, KCS is involved in the decision-making processes of its borrowers
Asset Management: in-house management of direct assets and administration of loans

value-add

The GP has hands-on experience in value-add as well as has the ability to take possession of distressed assets and reposition them as required

exit

Realise investments and deliver a superior risk-adjusted absolute return to our investors over an 8-year period

approach

A proven track for investors

Since 2001 the average annual return on a pre-tax basis of actual distributions is 7.7% p.a. paid quarterly. Pre 4/2018 these were paid as dividends to KCS (2001) shareholders who have since migrated to KCS LP as Limited partners and are receiving cash quarterly distributions of 7.5% p.a.

Distributions are made quarterly with the knowledge of the advisory Board as recommended by the GP.

KCS is confident it will continue to deliver solid returns to investors. The GP knows what has worked in the past, and has no intention of changing that going forward.

PRE-TAX QUARTERLY RETURN

Cameron Dargaville

Cameron holds a Bachelor of Commerce degree from the University of Auckland and is a member of the Chartered Accountants of Australia and New Zealand.
He has over 30 years experience in running commercial enterprises and has an extensive knowledge of financial management.
Founding director and shareholder of KC Securities Ltd.
Cameron is a director and shareholder of KC Management Ltd.

Kerry Knight

Kerry was a partner in the Auckland law firm of Knight Coldicutt for over 20 years.
Kerry’s interests have focused on business and property law and he has been involved from a legal and financing perspective on some of New Zealand’s largest property transactions.
Founding director and shareholder of KC Securities Ltd.
Kerry is a director and shareholder of KC Management Ltd.

Elliot Knight

Elliot holds a Bachelor of Property degree from the University of Auckland.
Elliot has been successfully repositioning distressed assets, predominantly security provided by the borrower. Over the past 8 years Elliot has completed over NZ$1m of commercial leasing per annum with a re-developed value of over NZ$100m. As well as over NZ$100m+ of residential development.
Elliot is a director and shareholder of KC Management Ltd.
Cameron is a director and shareholder of KC Management Ltd.

Shane Crawford

Shane holds a Bachelor of Commerce degree in Finance and Management from the University of Auckland and obtained his license with the SFC HK for dealing and advising on securities.
Shane previously worked in a number of investment management and advisory capacities with both public and private asset managers and boutique alternatives advisors.
Shane is a director and shareholder of KC Management Ltd.

leadership

General Partner | KC MANAGEMENT LTD

CAMERON DARGAVILLE

DIRECTOR, GENERAL PARTNER

FINANCIAL CONTROLLE R

KERRY KNIGHT

DIRECTOR, GENERAL PARTNER

STRATEGIC ADVISOR

ELLIOT KNIGHT

DIRECTOR, GENERAL PARTNER

OPERATIONS

SHANE CRAWFORD

DIRECTOR, GENERAL PARTNER

FUNDS MANAGEMENT

Keith Rushbrook

Keith was a 27 year partner of the international accountancy firm KPMG. His roles whilst at KPMG included Chairman of KPMG Auckland, Chairman of the KPMG National Audit Committee, Partner in charge of KPMG’s Auckland consulting practise, business development manager for KPMG and KPMG Legal.
Keith has until recently been working with the Accounting Standards Review Board New Zealand in relation to the implementation of international accounting standards.
He currently works with a number of entrepreneurs and their related business activities.
Keith is currently Chairman and independent director of KC Securities Ltd.

Greg White

Greg worked at HSBC Bank for 27 years in the U.K. and Hong Kong in various senior capacities.
In the last 17 years he was Managing Director for Credit Trading, Asia Pacific based in Hong Kong. He specialised in portfolio management, intermediation, flow and structured trades in Credit.
He currently works with a number of APAC investors.

Advisory Board | KC SECURITIES LP

KEITH RUSHBROOK

ADVISORY BOARD MEMEBER

GREG WHITE

ADVISORY BOARD MEMEBER

DISCLAIMERS

Financial Markets Conduct Act Disclaimer

No regulatory authority has approved or disapproved any offering, or endorsed the merits of any offering, made in this website, or the accuracy or adequacy of this website. This website is not, and is not legally required to be a product disclosure statement (PDS) under New Zealand law. It is not a regulated offer under the Financial Markets Conduct Act 2013 (Act). In particular, no-one has independently verified or completed a due diligence exercise of the information contained in this website. The viewer acknowledges that within New Zealand any offer made in this website is available only to persons who are “wholesale investors” (defined in the Act) and they have read that definition and qualify as a wholesale investor.

General Disclaimer

This is a wholesale investor only investment opportunity and as such has a high degree of attendant risk. To the maximum extent permitted by law, the promoter, KC Management Limited, its directors, employees, and advisors, do not warrant the accuracy or completeness of the information presented, and shall not be liable for any direct, indirect or consequential losses that arise as a result of any person deciding to invest in the KC Securities Limited Partnership in reliance on the information contained in this website or otherwise provided by the promoter, its directors, employees, or advisors. You should conduct your own investigation and analysis regarding any information, statements or representations contained in the material included on this website and seek appropriate professional advice.

WEBSITE TERMS OF USE

“It is important that you read this page. The use of www.kcsecurities.co.nz (this “Website”) is subject to the following terms and conditions (these “Terms”). After you have read and understood these Terms, you may click out to confirm that you (i) have read and understood and agree to these Terms which create a binding legal agreement between us; (ii) agree to abide by these Terms on every occasion that you access this Website; (iii) are an Wholesale Investor under the Financial Markets Conduct Act 2013 (NZ), or a Professional Investor under the Securities and Futures Ordinance of Hong Kong, or an investor falling within an equivalent investor exemption in any other jurisdiction, and (iv) are accessing this Website in compliance with the laws and regulations of the jurisdiction or country in which you are residing. If you do not agree to these Terms, please refrain from using this Website.

I AGREE AND CONFIRM THAT I AM AN WHOLESALE INVESTOR UNDER THE FINANCIAL MARKETS CONDUCT ACT 2013 (NZ); or I AM A PROFESSIONAL INVESTOR UNDER THE SECURITIES AND FUTURES ORDINANCE OF HONG KONG; OR I AM AN INVESTOR FALLING WITHIN AN EQUIVALENT INVESTOR EXEMPTION IN ANY OTHER JURISDICTION and I AM ACCESSING THIS WEBSITE IN COMPLIANCE WITH THE LAWS AND REGULATIONS OF THE JURISDICTION OR COUNTRY IN WHICH I AM RESIDING.

In these Terms, references to “you” and “your” are references to any person using or accessing (or attempting to use or access) this Website. Unless otherwise defined herein, capitalised terms refer to the definition of such terms in the respective rules and regulations of the relevant jurisdiction. This Website (and the information within it (“Information”)) is directed only at, and contains information about securities which are only available to, those persons who are Wholesale Investors (as defined in the Financial Markets Conduct Act 2013 (NZ)) or Professional Investors (as defined in the Securities and Futures Ordinance of Hong Kong(“SFO”)) and to whom this Information may lawfully be directed in any relevant jurisdiction. If you are in any doubt as to your status you should consult a financial adviser or contact us. In addition to the above, this Website, and the Information, is not directed at, or addressed to, any person resident in any country or jurisdiction where that country or jurisdiction may prohibit, restrict or impose any requirement in relation to an offer to that person. Accordingly, all persons who access this Website are required to inform themselves of, and to comply with, any such restrictions. KC Securities Limited Partnership, KC Management Limited and their associated companies disclaim all responsibility if you access or download any Information from this Website in breach of any law or regulation in the country of which you are a citizen or in which you are residing or domiciled. Information on this Website: The information on this Website is issued by KC Management Limited as general partner of KC Securities Limited Partnership, a Limited Partnership having its domicile in New Zealand. The Information includes information about its investment fund (the “Fund”) which may be managed or promoted by KC Securities Limited Partnership and/or its associated companies. The Information is not directed at any person in any jurisdiction who does not fall within the definition of “wholesale investor” (if that definition so applied in the jurisdiction of that person’s domicile) or where it is otherwise illegal or unlawful to access and use such Information. The Fund described herein has not been authorized by the SFO for distribution in Hong Kong. This Website and the Information are provided for information purposes only and do not constitute a promotion, invitation, offer or solicitation to engage in any investment activity (including to buy or sell any investment including any interest in the Fund) or a promotion, offering or placement as the Fund’s Limited Partner.

Contact Us: Please feel free to reach us via the email form contained within this Website or at cameron@kcsecurities.co.nz

IMPORTANT INFORMATION

This brief description of The Fund does not constitute an invitation or solicitation to invest in the Limited Partnership. An investment in The Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a private placement investment and not as a trading vehicle. Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. Therefore, before investing you should consider carefully the Fund’s investment objectives, risks, charges and expenses. For more complete information about the Fund, please contact your financial professional.