Corsaires High Income Value Equities, LLC
Real Estate Securities Investment
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CORSAIRES HIGH INCOME VALUE EQUITIES, LLC, a Wisconsin limited liability company, is a private investment company formed to invest and trade in securities (the “Investment(s)”). Our overall objective is to realize cash flow and/or capital appreciation in connection with our Investments. To achieve our Investment objective, we seek to continuously grow the Fund’s dividend income through actively trading a portfolio of securities with the aim of progressively reducing cost basis and thereby improving the Fund’s carrying dividend yield.
We expect to invest primarily in real estate investment trusts (REITs) and other securities of companies that are principally engaged in the real estate industry or which own significant real estate assets or real estate mutual funds; however, we will not purchase direct interests in real estate.
In pursuit of these objectives, the Fund may also invest in other industries and economic sectors through the buying and selling of common and/or preferred stocks, investment company shares, and U.S. government, corporate, and municipal debt instruments. The Fund may purchase both debt and equity securities, with a focus on issues trading below their net asset values, a discount to book value, or a discount relative to their market peers. Where feasible, the Fund intends to sell or sell short issues perceived to be trading at premiums to their net asset values or premiums relative to their market peers. We may also utilize leverage to achieve our objectives. There can be no assurance these objectives will be achieved.
"...if you separate yourself from the crowd and focus on a strong operating environment instead, you will almost certainly find assets that have become “overlooked and undervalued.” In the current market situation, that certainly describes REITs."
Corsaires High Income Value Equities, LLC (CHIVE) is 2nd Market Capital’s 23rd finite-life, pooled investment fund and the 11th to focus specifically on investment in Real Estate Investment Trusts (REITs). Seventeen of the prior funds have profitably gone full cycle and five are still operating. Five of the REIT-focused funds have liquidated, all delivering returns significantly in excess of our benchmark, the MSCI US REIT Index (RMS).
The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and efficient execution of its planned operations
The Managing Member of the Fund is 2nd Market Capital Services Corporation, a Wisconsin corporation wholly owned by Ross T. Bowler. The Managing Member will manage the day-to-day affairs of the Fund, which shall include engaging 2nd Market Capital Advisory Corporation (the “Investment Advisor”), a Wisconsin corporation also wholly owned by Mr. Bowler, to manage the assets of the Fund. The Managing Member, located in Madison, Wisconsin, will perform all general administrative tasks for the Fund, including the keeping of the financial records, and preparation of informational returns and reports to Investing Members. The Managing Member will receive a fee for its services. See “Compensation”. However, without notice to the Investing Members, our Managing Member may retain other or additional service providers to perform the administrative services that would otherwise be performed by our Managing Member. The Managing Member was formed in 1989 to provide administrative services in connection with secondary market trading and transfer activities of banks, brokerage companies and certain individual investors.
2nd Market Capital Advisory Corporation, a Wisconsin corporation (the “Investment Advisor”), was formed in 1991. It is an investment advisor licensed with the state of Wisconsin and other states in which its activities require it to be registered. The Investment Advisor maintains its principal offices at 650 N. High Point Road, Madison, Wisconsin 53717. Ross T. Bowler is the sole shareholder, chief executive officer and director of 2nd Market Capital Advisory Corporation. The Investment Advisor manages assets for various investors, including entities similar to the Fund. The Investment Advisor has acted as investment manager and/or principal for at least twenty (20) investment partnerships, some of which are structurally and objectively similar to the Fund.
We are offering for sale – to accredited investors only – up to 3,000,000 Units of Investing Membership Interest (the “Units”) at an Initial Subscription Price of $10.00 per Unit, aggregating $30,000,000. Thereafter, the Unit Subscription Price will equal the Net Asset Value (NAV) of the Unit which may be higher or lower than the initial Subscription Price.
The minimum investment by an investor is $100,000 (10,000 Units at the Initial Subscription Price), although the Fund reserves the right to accept lesser amounts from qualified persons.
Please complete the contact form and we will get back to you about any questions you have about our offering.
The Corsaires High Income Value Equities, LLC 506(c) Investor Portal provides the opportunity for you to become approved as a “prospect", and learn more about our investment opportunity. You will have:
We will upgrade your account to “Investor” level access, which provides all of the prospect level access and: