IJ Capital

What IJ Capital does

IJ Capital is an Australian private financial services company founded in 2017 and headquartered in Brisbane, with a regional office established in Sydney in 2024. The company operates through three integrated entities: IJ Financial Services Limited (AFSL 443031), Investup Securities Pty Ltd (AFSL 557683), and IJ Funds Management Pty Ltd, collectively delivering wholesale investment funds, asset management, and non-bank property lending to high-net-worth individuals, family offices, sophisticated investors, and property developers across the Asia Pacific region. Its product suite comprises four wholesale funds (IJ Lending Fund No.1, IJ Diversified Income Fund targeting 8.0% p.a., IJ Premium Income Fund targeting 7.0% p.a., and Property Trust Fund No.2 targeting 6.0-7.0% p.a.) and a suite of non-bank lending products spanning residential, commercial and industrial, construction (up to 80% of construction cost), and vacant land loans with minimum sizes from AUD 200,000 to AUD 1,000,000 and approvals reported within as little as 48 hours.

The business model combines fund management fee revenue (from over AUD 500 million in assets under management across the four funds) with net interest income from a private lending book that has cumulatively originated over AUD 600 million in commercial property loans since inception. Distribution is sales-led and relationship-based, relying on direct engagement with HNW investors and family offices through a Business Development team focused on the Asia Pacific region, supported by content marketing through the IJ Capital website and educational articles. Revenue mechanics include management fees and potential performance fees disclosed in each fund's Product Disclosure Statement or Information Memorandum, plus variable interest rates on loan products secured by first or second mortgages over Australian metropolitan and growth-area properties. As of 2026, the firm oversees more than AUD 700 million in Gross Realisation Value of projects under management and reports no recorded investor capital loss since establishment, with a team of over 25 in-house professionals covering investment products, property acquisition, loan and portfolio management, investor relations, treasury, marketing, finance, operations, and human resources under the leadership of CEO and founder Scott Lai.

Name

IJ Capital

Legal name

IJ Financial Services Limited

Website

https://ijcapital.com.au

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

IJ Capital is an Australian private financial services firm founded in 2017 that operates wholesale investment funds and non-bank property lending products, serving high-net-worth individuals, family offices, and property developers across the Asia Pacific region from Brisbane and Sydney.

Ownership category

akta.pro rank

Product category

Wholesale Asset Management and Non-Bank Lending

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Mortgage Bankers & Loan Correspondents (6162), Asset-Backed Securities (6189), Investors, Nec (6799)

akta.pro primary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

akta.pro secondary industries

Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Wholesale investment funds
• Non-bank lending
• Mortgage fund management
• Property trust management
• Commercial property loans

Headquarters

HQ city

South Brisbane

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management and performance fees from managed investment funds: IJ Capital, through its responsible entities IJ Financial Services Limited and Investup Securities Pty Ltd, generates revenue by charging management fees and potentially performance fees on its managed wholesale investment funds including mortgage funds, property trusts, and diversified income funds. Fees are outlined in each fund's Product Disclosure Statement (PDS) or Information Memorandum (IM).
2. Interest income from private lending operations: As a non-bank lender, IJ Capital originates commercial property loans and earns interest income on the loans it provides to property developers, builders, and investors. Loans are structured with conservative LVRs and secured by first or second mortgages over Australian properties.
3. Responsible Entity services for registered managed investment schemes: IJ Financial Services Limited (AFSL 443031) operates as responsible entity for registered managed investment schemes, authorised to provide general financial product advice, deal in financial products, operate registered managed investment schemes, and provide custodial or depository services. Revenue is derived from fees charged to the funds it operates.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

IJ Capital is a non-bank financial services provider that offers wholesale managed investment funds (mortgage funds and property trusts) and private commercial property lending solutions. The company manages more than $500 million in investor assets across four wholesale funds and has originated over $600 million in commercial property loans since 2017, serving high-net-worth individuals, family offices, and property developers in Australia and the Asia Pacific region.

Product overview

IJ Capital operates as a specialized financial services provider offering a diversified portfolio of investment and lending products. The core offering consists of four wholesale investment funds: IJ Lending Fund No.1 (contributory fund for direct loan exposure), IJ Diversified Income Fund (pooled mortgage fund targeting 8.0% p.a.), IJ Premium Income Fund (pooled mortgage trust targeting 7.0% p.a.), and Property Trust Fund No.2 (property trust for retail asset investment). Complementing the investment products is a suite of non-bank lending solutions including residential property loans, commercial and industrial property loans, construction loans, and vacant land loans. These products collectively serve wholesale investors, high-net-worth individuals, and family offices across the Asia Pacific region seeking exposure to Australian real estate and property development projects.

Differentiator

Problem solved

Functional benefit

Products and services

• IJ Lending Fund No.1 An unlisted managed investment scheme providing direct exposure to specific loans secured by mortgages over real property assets. Investors can build their own portfolio of Approved Investment Proposals (AIPs) by investing in multiple Sub-Schemes, with a minimum initial investment of $500,000 and variable distribution rates per AIP.
• IJ Diversified Income Fund An unlisted managed investment scheme providing wholesale investors exposure to a pooled mortgage trust, spreading risk across numerous loans secured by first or second mortgages on Australian properties. Minimum investment of $100,000 with a targeted income distribution of 8.0% p.a.
• IJ Premium Income Fund An unlisted managed investment scheme designed for wholesale investors seeking passive exposure to a diversified pool of Australian mortgage loans, with LVR not exceeding 75%. Minimum investment of $500,000 initial / $50,000 additional, targeting 7.0% p.a. income distribution.
• Property Trust Fund No.2 A fixed-term property trust investing in established retail shopping centres in Caboolture and Morayfield. Minimum investment of $500,000 with a 5-year initial term, unit price of $1.00, and a targeted distribution of 6.0-7.0% p.a.
• Residential Property Loans Asset-backed lending for residential properties with LVR less than 75%, loan amounts from $200,000 to $10,000,000, and loan periods up to 12 months. Used for settlement, refinance, or working capital purposes by property developers, builders, and investors.
• Commercial and Industrial Property Loans Lending solutions for commercial and industrial properties with minimum loan amounts of $500,000, supporting property acquisition, development, and refinancing activities for property developers and businesses.
• Construction Loans Construction financing up to 80% of construction cost or 65% of 'as if complete' value, with a maximum of $15,000,000 and progressive drawdown per the approved builder's contract. Used for settlement or refinance of construction projects.
• Vacant Land Loans Loans for vacant land with LVR less than 70%, minimum $1,000,000, 12-month term with the option to extend for an additional 12 months upon meeting loan extension requirements. Used by property developers and investors.

Quantifiable outcome

• No recorded capital loss for investors since establishment in 2017
• +5 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Po Seng GroupcoreStrategic or Co-development PartnerIJ Capital intends to undertake a joint venture with Po Seng Group, the owner of the adjoining site at 80-88 Jephson St, to integrate properties into a $1bn retail, office and residential development over a total 1.3ha of land at the Aviary Toowong site. IJ Capital paid $53m for the 9,000sq m Aviary Toowong site on the corner of Sherwood Rd and High St, Toowong, and will work with Po Seng Group to develop the combined land parcel.
• IJ Funds Management Pty LtdcoreOthersIJ Funds Management Pty Ltd (ACN 632 345 905, Authorised Representative No: 001276584) acts as the investment manager for IJ Capital's managed investment schemes including the IJ Lending Fund No.1 and Property Trust Fund No.2. IJ Capital charges management fees and may earn performance fees from the funds managed by IJ Funds Management Pty Ltd.
• IJ Financial Services LimitedcoreOthersIJ Financial Services Limited (ABN 31 162 530 449, AFSL 443031) is the responsible entity providing financial services under IJ Capital's brand, authorised to provide general financial product advice, deal in certain financial products, operate registered managed investment schemes, and provide certain custodial or depository services to retail and wholesale clients.
• Investup Securities Pty LtdcoreOthersInvestup Securities Pty Ltd (ABN 79 670 384 924, AFSL 557683) is an authorised representative operating under the IJ Capital brand, providing financial services to wholesale investors. It serves as the trustee for certain IJ Capital funds including the IJ Premium Income Fund.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• La Trobe Financial: Large Australian non-bank lender and wealth manager operating pooled mortgage funds and credit funds for wholesale and retail investors. Comparable in combining mortgage fund management with direct lending origination and a strong distribution network to HNW investors.
• Pepper Money: Leading Australian non-bank lender offering residential and commercial property loans, with funds management capabilities. Comparable as a non-bank originator serving borrowers underserved by major banks, with a similar fund/wholesale investor funding model.
• Resimac: Australian non-bank residential mortgage lender and wholesale fund issuer, securitising pools of loans via trusts. Comparable as a non-bank lender that funds originations through managed mortgage funds and securitisation structures for wholesale investors.
• Firstmac: Australian non-bank lender and RMBS issuer, with managed fund vehicles funding residential mortgage assets. Comparable in originating residential and investment property loans and distributing them via wholesale funding vehicles.
• Metrics Credit Partners: Australian private credit manager running wholesale and institutional credit funds, including real estate and development lending exposures. Comparable as a wholesale-only fund manager focused on private debt and credit assets in Australia.
• Qualitas: Australian non-bank real estate lender and fund manager, listed on the ASX, with a similar mix of senior debt and managed investment vehicles targeting wholesale investors. Highly comparable as a non-bank lender in Australian commercial and development real estate.
• MA Financial Group: ASX-listed Australian alternative asset manager with a real estate and credit lending arm, operating funds for institutional and wholesale investors. Direct peer in the wholesale alternative investment and non-bank lending space.
• Balmain Corporation: Privately held Australian non-bank lender and fund manager, focused on property-backed lending to SMEs and developers, distributing via wholesale funds. Closely comparable business model to IJ Capital's lending-plus-funds platform.

Emerging players

• Sentinel Property Group: Australian property fund manager running unlisted property trusts for wholesale investors, with a focus on commercial real estate. Comparable as a wholesale-only property fund operator, although Sentinel is more real-estate equity-focused and less lending-focused than IJ Capital.
• Wingate (now part of Oxford Capital Group): Australian non-bank property lender and fund manager, now part of the Oxford Capital group, focused on senior and development lending with managed investment schemes. Comparable in the non-bank development lending and managed fund segment, with a smaller national footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ij-capital

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IJ Capital