Oreana Protected Income Fund

OAM Protected Income Fund is an exempted company incorporated with limited liability in the Cayman Islands under the Companies Act. Participating Shares may be issued in different Classes.  The Directors may differentiate between Classes on various bases, including but not limited to the Operational Currency, the Term, the Target Return, the Frequency of Dividend Payments and the Closing in respect of each Class. 

Classes of Participating Shares are being offered for subscription at a fixed Subscription Price of US$1,000 per share in respect of Classes with an Operational Currency of USD and AU$1,000 per share in respect of Classes with an Operational Currency of AUD. 

Investment Objective

The Company aims to provide a regular income stream to Shareholders in each Class by investing in a portfolio of property related Fixed Income Securities issued by the Issuer in Australia.  The investment principal and income streams are protected from losses through purchasing Fixed Income Securities with a Guarantee(s), as further detailed below and in the relevant Term Sheet. 

Target Returns and the Frequency of Dividend Payments applicable to each Class are set out in the Term Sheet relating to the relevant Class.  There is no guarantee that the Target Return will be achieved or that Shareholders will receive any of the Target Return.   

An investment in the Company is intended for medium to long term investors who can accept the risks associated with investing in illiquid securities. There can be no assurance that the Company will achieve its investment objective. The possibility of partial or total loss of capital will exist, and prospective investors should not subscribe unless they can readily bear the consequences of such loss.  Please see the section headed "Risk Factors" below for further details.   

Investment strategy  

The Company intends to achieve the investment objective by purchasing Fixed Income Securities, earning the interest coupon attached to such Fixed Income Securities and receiving back its principal capital following maturity of the relevant Fixed Income Securities. 

The Fixed Income Securities  

The Company will purchase property related Fixed Income Securities that are issued by the Issuer to finance the development and investment into property-related projects including, but not limited to, residential, commercial and retail real estate in Australia.  Proceeds from issuance of the Fixed Income Securities may also be applied to making passive investments in completed assets or for construction and development purposes including during the acquisition, pre-development and construction phases.   

The Investment Manager will negotiate with the Issuer in respect of terms attached to the Fixed Income Securities to deliver on the Company’s objectives and manage credit risks, particularly with respect to the terms of offer attached to each Class.  The Investment Manager will be responsible for matching the terms of the relevant Fixed Income Security(ies) within the terms attaching to certain Classes on offer, for example, with respect to maturity and re-payment rates.  To do so, the Investment Manager will carry out due diligence on the terms attached to the relevant Fixed Income Security prior to purchase by the Company, which will include, but is not limited to, looking at the conditions attached to the Fixed Income Security, including proposed application of the proceeds by the Issuer and diversification, the counterparty risk associated with the Fixed Income Securities and the Issuer’s capacity to deliver on property related projects, the complexity of the projects, the experience of the project delivery team and the creditworthiness of the counterparty.  

Once the Investment Manager is comfortable that the terms of the relevant Fixed Income Securities are appropriate in respect of a certain Class, with particular focus on the terms attaching to that Class, the Company will acquire the relevant Fixed Income Securities from the Issuer.  During the life of the Fixed Income Security purchased by the Company in respect of the relevant Class until maturity, the Investment Manager will continuously monitor the creditworthiness of the Issuer and act as appropriate to manage these risks.

The Company will hold a mix of Fixed Interest Securities with differing interest re-payment rates, terms and denominations, with each Fixed Interest Security purchased by the Company being allocated to a Class.  In respect of Classes with an Operational Currency of USD, the Company will acquire Fixed Income Securities denominated in USD.  In respect of Classes with an Operational Currency of AUD, the Company will acquire Fixed Income Securities denominated in AUD.  This means that the Fixed Income Securities are fully hedged against potential currency losses as lending is executed in the Operational Currency of the relevant Class.  The Company is not required to manage currency risks. It is possible that the Company will acquire Fixed Income Securities issued by different Issuers.  The current intention is that each Issuer will be an Affiliate of the Investment Manager.   

Oreana has more than 20 years of experience and over $3.5 billion in completed development projects across Australia and Asia. Combining deep property, investment, and wealth management expertise, Oreana delivers institutional-grade opportunities through a fully integrated platform — from origination and structuring to delivery and ongoing management.

With a proven track record of designing, funding, and operating resilient real-asset strategies, Oreana’s investment team has consistently demonstrated the ability to generate stable income and long-term capital growth across cycles. Our vertically integrated model — spanning development, construction, and operations — ensures complete control of the value chain, driving both performance and accountability.

Today, Oreana manages a growing suite of funds across property and credit, underpinned by disciplined research, transparent governance, and a strong alignment with investors. This commitment to quality, consistency, and partnership has positioned Oreana as a trusted investment manager for wholesale, institutional, and private-wealth investors.

Oreana Group is a diversified investment and wealth management firm with a 20+ year track record across Australia and Asia. The group oversees $13 billion in funds under management and advice and has delivered over $2 billion in completed projects, investing across debt and equity throughout the capital structure — from venture and structured credit to private equity and real assets.

Built on a foundation of integration, expertise, and disciplined execution, Oreana operates across the full investment lifecycle — from capital management and structuring to asset origination, development, and operation. This end-to-end model enables Oreana to identify and manage opportunities that deliver stable income, long-term growth, and defensible value creation.

With deep sector experience, entrepreneurial agility, and a proven history of partnership, Oreana continues to expand its investment platform — offering investors exclusive access to off-market opportunities underpinned by rigorous governance, operational excellence, and a commitment to sustainable outcomes.

Luke Moore leads Oreana’s investment initiatives, leveraging over 20 years of experience in Funds Management and Financial Services. Luke drives Oreana’s investment capability with a focus on starting and investing in growth opportunities across diverse sectors, with a focus on financial services, real estate, and early education. Previously, Luke held senior roles at prominent institutional and boutique investment firms in Australia and Asia.

Ben Canagasabey has over 25 years of experience in Global Asset Management and Custody Administration, holding senior roles at top-tier firms. He specialises in product development, operational efficiency, and financial reporting to enhance transparency and compliance. Ben holds a Bachelor of Business, an MBA from Melbourne Business School, and is a CPA member.

All individuals, Self Managed Super Funds (SMSFs), companies and trusts that meet the criteria of a Wholesale Investor as defined under the Corporations Act 2001 (Cth).

You may be a Wholesale Investor if you meet any of the following criteria;

1. You apply to invest more than $500,000 in the Fund;
2. You hold net assets worth more than $2.5 million; 
3. Your gross household annual income is at least $250,000 (this can include income from a business if you’re a business owner); or
4. You are a professional investor.