MAD Fund 1 (formerly MAD Hyperscalers Fund 1, L.P. (ILP2300027)) · How Returns Work
Capital structured for outcomes.
MAD Fund 1 is designed around an 80/20 capital structure that combines structured growth capital with retained equity participation, within a tax-advantaged Australian wholesale fund framework.
The proposition
A different return profile.
Most investors are forced to choose between income and growth.
Income-focused investments typically provide regular distributions but limited upside. Growth-stage venture investments typically offer equity appreciation but no current return, and depend entirely on an exit event to deliver.
MAD Fund 1 is designed to combine both, through an 80/20 capital structure built around the realities of the underlying businesses.
Fund structure
Four pillars of the MAD Fund 1 design.
01
Capital fit for purpose
MAD Fund 1 is designed around the rhythm of the underlying companies, structured to support real growth, not forced into a model that serves the fund above the business.
02
The 80/20 structure
An 80/20 capital architecture combining structured growth capital with retained equity participation, designed to generate income alongside meaningful exposure to upside, without forcing a binary trade-off.
03
Tax-advantaged design
The fund is structured for tax-efficient outcomes for eligible Australian wholesale and sophisticated investors, within applicable Australian frameworks. Eligible investors can request the structure summary in a private briefing.
04
Diversified portfolio
Exposure across a diversified portfolio of 8–12 growth-stage Australian companies operating in Restoration, Transition, and Transformation sectors, reducing single-company concentration risk.
The return profile
Income. Upside. Diversification.
01
Income distributions
The structured component is designed to generate regular income distributions over the life of the fund. Income that does not depend on a single exit event.
02
Equity upside
The retained equity component preserves direct exposure to the growth of selected portfolio companies, alongside the income profile.
03
Diversified exposure
A portfolio of 8–12 companies across multiple necessity sectors: food, energy, health, water, waste, resilience, regenerative materials, and AI-enabled real-world systems.
Singapore Growth Fund
A global pathway to the same strategy.
The MAD Singapore Growth Fund is being developed as the global capital pathway alongside the Australian MAD Fund 1.
It is being structured through Singapore to support international capital efficiency, global tax treatment for non-Australian investors, and a coherent conduit through which global capital can access the MAD philosophy and ultimately participate in the MAD Fund strategy.
One philosophy. Two complementary vehicles. Australian and global investors served through structures appropriate to each.
Important information
Target outcomes are illustrative of fund design intent and are not guaranteed. Past performance is not indicative of future results. This page is for general information only and does not constitute financial product advice, legal or tax advice, an offer, recommendation, or invitation to invest. Investment in MAD Fund 1 is only available to eligible wholesale, sophisticated, or professional investors, subject to fund documentation, eligibility confirmation, and applicable law. The MAD Singapore Growth Fund is in development and is not currently open for investment.
Eligible investors can access full structure detail, tax treatment, distribution profile, and fund documentation through a private briefing.