Trilogy Funds Management Limited

What Trilogy Funds Management Limited does

Trilogy Funds Management Limited is an Australian privately held funds management company headquartered in Brisbane with offices in Sydney and Melbourne, operating since 1998-1999 in property-backed income investments. The company manages a suite of unlisted pooled investment vehicles for retail, wholesale, and financial-adviser distribution channels, anchored by the flagship Trilogy Monthly Income Trust (launched 2007) which deploys investor capital into loans secured by registered first mortgages over Australian property with a maximum 70% loan-to-value ratio. The platform has financed over $3.41bn of projects, holds 5,600+ properties under management, and serves 5,300+ active investors across QLD, NSW, VIC, WA, and NT.

The core product set combines private real estate credit (Monthly Income Trust, Enhanced Income Fund, Pacific First Mortgage Fund) with direct property ownership across industrial (Trilogy Industrial Property Trust, launched 2017) and convenience/large-format retail (Trilogy Essential Retail Fund, launched October 2025), supplemented by wholesale-only products (MDC Trilogy Wholesale Yield Fund I, Trilogy Wholesale Income Fund, Pymble Rezoning Opportunity) and legacy fully-subscribed single-asset office trusts. Technical differentiation rests on a first-mortgage-only lending policy, a proprietary lending committee with property and construction specialists, fixed $1.00 unit pricing for select funds, monthly distribution mechanics with 30-day liquidity for qualifying investments, and an investor portal supporting self-serve applications and document access.

The business model is asset-under-management driven: Trilogy earns management and administration fees on pooled vehicles, supplemented by loan interest spread on the mortgage book and property rental income passed through the property trusts, with variable monthly or quarterly distributions to investors. Distribution is omnichannel, combining direct-to-consumer via website/portal and freecall consultation, financial-adviser referral networks, and content marketing through the Trilogy Talks podcast and blog, with community sponsorships (Hawthorn Football Club, Sydney University Football Club) supporting brand awareness. Independent validation includes five consecutive SQM Direct Property Fund Manager of the Year awards (2022-2026), Australian Wealth Management Award recognition in 2024 and 2025, and 'Very Strong' ratings from Foresight Analytics for the Monthly Income Trust and Enhanced Income Fund in 2026.

Name

Trilogy Funds Management Limited

Legal name

Trilogy Funds Management Limited

Website

https://trilogyfunds.com.au

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Trilogy Funds Management is an Australian privately held funds manager operating since 1998, offering property-backed unlisted investment vehicles including the flagship Monthly Income Trust (first-mortgage lending) and direct industrial and retail property trusts to 5,300+ retail, wholesale, and adviser-distributed investors across Australia.

Ownership category

akta.pro rank

Product category

Investment Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Real Estate Investment Trusts (6798), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Real Estate Funds — Core-Plus (FSANAEAG)

Keywords

• Property fund management
• Real estate credit funds
• Mortgage trust management
• Income fund management
• Australian wealth management

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: Fees charged to managed funds for investment management, administration, and asset management services. These are deducted from fund returns before distribution to investors.
2. Loan Interest Income: Interest income generated from mortgage loans extended to property developers and investors, secured by registered first mortgages. This is the primary income driver for the Trilogy Monthly Income Trust.
3. Property Rental Income: Rental income from direct property ownership through Trilogy Industrial Property Trust and Trilogy Essential Retail Fund, distributed to investors as monthly income.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Trilogy Funds Management Limited is an Australian funds management company that operates a suite of property-backed managed investment products, including first-mortgage loan funds that finance Australian property developers and unlisted direct property trusts holding industrial and retail real estate. The firm generates monthly or quarterly income distributions for retail and wholesale investors through trusts such as the Trilogy Monthly Income Trust, Trilogy Enhanced Income Fund, Trilogy Industrial Property Trust, and Trilogy Essential Retail Fund. Underlying lending follows a first-mortgage-only policy with maximum 70% LVR, and the firm applies a fixed $1.00 unit price to its income trusts to provide capital stability.

Product overview

Trilogy Funds Management Limited is an Australian funds management company offering a portfolio of property-backed managed investment products. The core product suite includes four main trust/fund offerings: Trilogy Monthly Income Trust (private real estate credit fund investing in first-mortgage loans), Trilogy Industrial Property Trust (direct property ownership of industrial assets), Trilogy Enhanced Income Fund (diversified income fund combining cash/fixed interest with Trilogy Monthly Income Trust exposure), and Trilogy Essential Retail Fund (convenience and large format retail property). These are complemented by wholesale-only products including MDC Trilogy Wholesale Yield Fund I and Trilogy Wholesale Income Fund, plus fully subscribed legacy trusts. The company operates as a platform delivering income-focused investment solutions for retail, wholesale, and institutional investors across Australia.

Differentiator

Problem solved

Functional benefit

Brands

• Trilogy Monthly Income Trust: A private real estate credit fund designed to deliver monthly income to investors while maintaining a fixed $1.00 unit price. Invests in loans secured by registered first mortgages over Australian property.
• Trilogy Enhanced Income Fund
• Trilogy Industrial Property Trust
• Trilogy Essential Retail Fund

Products and services

• Trilogy Monthly Income Trust A pooled private real estate credit fund that invests in loans secured by registered first mortgages over Australian property across residential, commercial, industrial, and retail sectors, providing monthly income distributions to investors at a fixed $1.00 unit price. Minimum investment $10,000 with a 19-year track record and over $1bn currently invested.
• Trilogy Industrial Property Trust An unlisted direct property fund holding a diversified portfolio of Australian industrial properties leased to high-quality tenants, offering monthly income distributions and capital growth potential. Minimum investment $20,000, with 8.87% p.a. total return since inception.
• Trilogy Enhanced Income Fund A diversified income fund investing in cash, fixed interest investments, and investment-grade securities such as bank deposits, bills of exchange, promissory notes, bonds, and income securities, with enhanced returns via exposure to the Trilogy Monthly Income Trust. Fixed $1.00 unit price, minimum investment $5,000, with 30-day access to funds.
• Trilogy Essential Retail Fund A retail property fund investing in convenience retail and large format retail assets including neighbourhood shopping centres, focused on essential retail tenants providing regular income with potential for long-term growth through asset enhancement and rental growth. Minimum investment $20,000.
• MDC Trilogy Wholesale Yield Fund I

Quantifiable outcome

• 7.80% p.a. net distribution rate for Trilogy Monthly Income Trust (July 2026)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Hawthorn Football ClubminorOthers · 14 August 2026Proud sponsor of Hawthorn Football Club, one of Australia's professional Australian Rules Football teams, building community presence and brand awareness through sports sponsorship.
• Sydney University Football ClubminorOthers · 14 August 2026Proud sponsor of Sydney University Football Club, supporting community rugby in Sydney while building brand recognition among club members and supporters.
• PeggysminorOthers · 14 August 2026Trilogy Funds is pleased to support Peggys, a community initiative or organization, demonstrating commitment to community involvement beyond financial services.
• Sumner Trilogy Investment Management Pty LtdminorStrategic or Co-development Partner · 2 March 2026Sumner Trilogy Investment Management Pty Ltd acts as Investment Manager for the Pymble Rezoning Opportunity, operating as a Corporate Authorised Representative of Trilogy Funds Management Limited. This represents a co-investment management arrangement.
• Foresight AnalyticscoreOthers · 14 January 2025Foresight Analytics provides independent investment ratings for Trilogy Monthly Income Trust and Trilogy Enhanced Income Fund, awarding 'Very Strong' ratings in their research reports.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• La Trobe Financial: La Trobe Financial is one of Australia's largest non-bank mortgage fund managers, operating pooled mortgage investment vehicles targeting retail investors with monthly income distributions. It is the closest direct comparable to Trilogy's Monthly Income Trust in product structure, distribution model and target investor base.
• Firstmac: Firstmac is an Australian non-bank lender and fund manager offering mortgage-backed investment products to retail and wholesale investors. It competes directly with Trilogy in first-mortgage-secured pooled funds targeting income-oriented Australian investors.
• Qualitas: Qualitas is an Australian real estate-focused alternative asset manager with listed and unlisted funds across real estate private credit and equity strategies. It is comparable to Trilogy in its Australian property-backed credit focus but operates at a larger institutional scale.
• Resimac Group: Resimac is an Australian non-bank residential mortgage lender and securitisation programme operator. It overlaps with Trilogy's first-mortgage lending focus and competes for similar Australian property-backed funding pools.

Broad incumbents

• Centuria Capital Group: Centuria is an ASX-listed Australian real estate fund manager offering unlisted property funds and REITs across industrial, healthcare and real estate credit. It is a broader incumbent that overlaps with Trilogy's industrial property trust and direct property strategies.
• Cromwell Property Group: Cromwell is an ASX-listed Australian real estate investment manager operating direct property funds across office, industrial and retail. It competes with Trilogy in the unlisted Australian industrial and retail property trust segment.
• Charter Hall Group: Charter Hall is one of Australia's largest ASX-listed property fund managers with industrial, office, retail and social infrastructure vehicles. It is comparable as a broad incumbent direct property fund manager in Australia but operates at materially greater scale.

Regional players

• Yellow Brick Road Brands: Yellow Brick Road is an Australian wealth management and lending group offering investment, lending and mortgage products via adviser networks. It is comparable to Trilogy in serving Australian retail investors seeking income-oriented property and lending solutions.

Emerging players

• Aussie Broadband (non-bank peers via aggregators): Aussie (Aussie Select) operates an Australian mortgage broker network that distributes property and investment products to retail borrowers and investors. It is comparable to Trilogy's adviser-led distribution of property-backed investment products to Australian retail customers.

Others

• Folkestone (now part of FKP/Stockland adjacent funds): Folkestone is an Australian real estate investment manager focused on listed and unlisted property funds. It is comparable as a complementary Australian unlisted property fund manager serving retail and wholesale investors, though currently operating at smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/trilogy-funds
• Xx.com/trilogy_funds
• Facebookfacebook.com/trilogyfunds

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 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 Trilogy Funds Management Limited