Melbourne-based investment company IPO Wealth has announced the achievement of a capital raising of over $100 million.
The announcement comes just one week after the company celebrated its second anniversary, where James Mawhinney, managing director of IPO Wealth’s parent company Mayfair 101, said that the result is a testament to the group’s high-quality customer service and an asset base that provides attractive rates of return.
“Receiving $100 million of new investment in two short years shows that investors are increasingly seeking income-producing cash alternatives in the face of low interest rates and Australian stock and property market volatility,” Mr Mawhinney said.
“IPO Wealth is particularly attractive to those seeking higher rates of return and the ability to earn monthly cash payments. Our audience is wholesale and sophisticated investors looking for non-bank investments ranging from 3 months to 5 years.
“Combine these factors with IPO Wealth’s commitment to outstanding customer service and it becomes apparent why an increasing number of investors are making the switch.”
Mr Mawhinney said success of the IPO Wealth model lies in the strength of parent company Mayfair 101’s international investment strategy.
“Mayfair 101 has diversified assets in 11 countries, 10 sectors and five currencies. Its strategic approach emphasises late stage investments in companies with over five years of successful operations, as well as others heading towards trade sales or IPO’s.”
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