Blackchess Capital offers three distinct investment vehicles — each designed for a different market, risk profile, and investment horizon. Together they cover the full spectrum from early-stage venture through liquid equity to quantitative alpha.
All funds are managed by experienced teams with deep sector expertise, governed by independent Investment Committees, and structured to prioritise the return of capital to investors.
Our Venture Capital Fund is a VCLP-registered fund that invests in Australia's most promising early-stage companies. We take meaningful equity positions in businesses spanning disruptive technology, hospitality and entertainment, alternative energy, and other VCLP-compliant sectors.
Our strategy is high-volume and industrialised — building a large, diversified portfolio of investee companies spanning the pre-seed through early expansion stages. We do not take a passive approach. We secure board observer rights, full information access, and strategic veto powers, staying close to every investment from first cheque to exit.
Exits are engineered through M&A activity — particularly strategic acquisitions by larger companies — and IPO listings, including fast-tracked listings on regulated exchanges. Distributions are made to investors as soon as assets are realised.
| Fund Structure | Venture Capital Limited Partnership (VCLP) |
| Fund Manager | Blackchess Capital Pty Ltd |
| Target Net Return | >20% per annum (net of fees) |
| Investment per Company | $50,000 – $2,000,000 |
| Typical Commitment | $250,000 – $1,000,000 |
| Target Equity Stake | 10% – 40% per investee |
| Investment Horizon | 5 – 10 years |
| Target Exit Horizon | 4 – 5 years |
| Eligible Instruments | Shares, convertible notes, units, options |
| Max Investee Asset Size | $250 million |
| Distributions | Following asset realisations — priority for investors |
This fund is open to eligible investors under the Venture Capital Act 2002 (Cth). All investments are structured to comply with VCLP requirements under Section 9-1(1)(e) of the Act and Sections 118-425 and 118-427 of the ITAA 1997. Speak with our team for eligibility requirements.
Minimum viable product developed. Early product launch or commercialisation stage. Validated business model with first revenues secured.
Proven technology, early commercialisation. Capital required to scale a known business model. Revenue generating with lower risk than seed stage.
Commercialised and selling products. Not yet profitable due to cash flow or growth-related costs. Scaling capital required.
Newly profitable company requiring further capital to sustain growth. May include equity and/or mezzanine debt structures.
Companies seeking to exit via M&A or IPO. Leveraging the firm's extensive networks and transaction advisory capabilities.
The Blackchess Investment Trust is a liquid investment vehicle focused on Australian and international equity markets. Unlike the Venture Capital Fund, this trust offers a more accessible entry point with a shorter lockup period and regular distributions — designed for investors seeking market exposure with active management.
The Trust employs two primary strategies: subscription in IPO and placement opportunities, targeting companies with robust fundamentals, strong growth potential, and identifiable event catalysts; and cash management through short-term deposits and government bond ETFs to generate yield while capital is deployed.
Our investment process for the Trust combines in-depth financial and credit analysis, market cycle assessment, roadshow feedback, and comparative valuation — ensuring each IPO or placement commitment is made on a fully informed basis. The Trust adopts a geographical and sectoral diversification strategy to manage risk across its portfolio.
| Fund Structure | Managed Investment Trust |
| Trustee | Blackchess Capital Pty Ltd (ABN 40 664 455 501) |
| Minimum Investment | $200,000 with $50,000 increments thereafter |
| Lockup Period | 24 months from date of unit issue |
| Unit Pricing | Quarterly |
| Distributions | Semi-annual — paid to nominated bank account |
| Management Fee | 0.5% per annum of Gross Asset Value (GAV) |
| Performance Fee | 25% of returns exceeding the Performance Benchmark |
| Performance Benchmark | 8% per annum |
| Withdrawal | Available following the Lockup Period, per Trust Deed |
Participation in IPO and placement opportunities is subject to scale-back provisions — the Trust may receive fewer shares than applied for, or none at all. Past performance is not indicative of future results. This is not financial advice. Please consult an independent advisor before investing.
Targeting companies with robust fundamentals, significant financial growth potential, and strong event catalysts. The Trust secures investments before their public trading debut to generate superior primary market returns and obtain placement discounts.
Capital not deployed in IPO or placement opportunities is managed through high-liquidity instruments including bank deposits and short-term government bond ETFs — earning current market interest rates while maintaining flexibility to act on new opportunities quickly.
Sectoral and geographic spread to mitigate risk from specific industries or regional economic fluctuations.
Multi-faceted analysis including financial, valuation, growth strategy, and market cycle assessments using both quantitative metrics and qualitative evaluation.
Integrated risk management system to continuously monitor and report on portfolio risk. Regular performance reviews ensure alignment with fund objectives.
Our Quantitative Fund Series is an AI and big-data driven private fund operation based in Shanghai, with over 3 billion RMB under management across 40+ products. Operating since 2015, we have built three distinct quantitative strategy lines — each with its own risk profile, volatility target, and return characteristics.
The investment and research team brings together quantitative specialists with backgrounds from Tsinghua, Peking University, Fudan, Purdue, and Carnegie Mellon universities, and prior professional experience at Microsoft, Google, Bloomberg, Bank of America, and leading Chinese securities firms.
All strategies undergo rigorous out-of-sample testing, volatility targeting, maximum drawdown tolerance setting, and correlation testing before live deployment. Ongoing strategy validation, factor effectiveness monitoring, and model adjustment processes ensure each strategy remains effective across evolving market conditions.
| Founded | 2015 |
| Location | Shanghai Hedge Fund Park |
| Registration | P1019979 (AMAC Registered) |
| Total AUM | Over 3 billion RMB |
| Number of Products | 40+ |
| Core Strategy Lines | Quantitative CTA, Stock Alpha, Stock T+0 |
| Execution | Fully algorithmic — no manual trading risk |
| Infrastructure | Multi-broker, multi-site servers, dual power |
| Custodian | Third-party independent custodian reporting |
| Qualified Investor Threshold | RMB 1,000,000 minimum per product |
Access to the Quantitative Fund Series is restricted to qualified investors as defined under China's private fund regulations — including institutional investors and individuals meeting net asset or income thresholds. Please contact our Shanghai team for eligibility and onboarding details.
Representative product of the high-frequency low-volatility stock strategy. Designed for investors seeking strong risk-adjusted returns with minimal drawdown. Fully algorithmic execution with real-time risk monitoring.
Representative product of the high-frequency mid-volatility stock strategy. Higher return potential with moderate volatility tolerance. Best overall track record across the fund series since inception.
Mid-volatility stock strategy with a shorter operating history. Strong recent performance with annualised returns of 45.65% and a maximum drawdown of only 7.23%.
Self-built position high-volatility strategy for investors with higher risk appetite. Greater return potential with correspondingly higher drawdown tolerance. Fully algorithmic with multi-broker execution.
Data from custodian-reported NAV. Periods: May 2023 – March 2026 (Series No. 7, 8, 9); Oct 2024 – March 2026 (Series No. 5). Past performance does not guarantee future results. For qualified investors only.