Company News

Jasper spins out technology into new SAAS company

We’re excited to announce some changes at Jasper.

Jasper was launched at the end of 2019 and has exceeded all expectations since inception, scaling revenue, rapidly growing assets under management, and becoming one of Australasia’s fastest-growing fund managers. We are proud of our track record and partnerships with some of the world’s largest investors.

Our goal with Jasper from the beginning was to build a next-generation commercial real estate firm combining institutional quality strategies with cutting-edge software. However, when searching for software solutions, we found an industry awash with generic, fragmented solutions that were expensive, slow, and poorly designed.

So three years ago, we set out to build our own technology. We hired a talented product, design and engineering team, put our heads down, and started building. Feedback from our investors was overwhelmingly positive, and we had enquiries flowing in from other fund managers who wanted to utilise our software.

Recently that interest became too large to ignore. Fund managers of every size and type are desperate for easy-to-use, powerful, extensible and secure software to help them run their businesses.

So we have decided to spin out Jasper's technology into a new independent company called Caruso. Caruso will offer modern cloud software to third-party fund managers across asset classes and geographies.

You can read more about Caruso here.

What does this mean for Jasper?

For our investors and partners, nothing will change. Jasper will continue as a property funds management business. The same property team will continue managing Jasper’s assets and funds, surfacing new strategies and growing the business into new asset classes and territories. We will continue to use the same industry-leading software (Caruso) to power our business; the only difference is we will now license the technology as a customer instead of owning it.

Spinning out the technology from the Jasper business will enable us to continue focusing on what we do best; originating deal flow, formulating strategies, and providing on-the-ground asset management for our investors.

As we spin out the technology from Jasper, it makes sense, with his background and experience, for my Co-CEO Mark Hurley to lead the Caruso business alongside Jasper’s CTO, Oliver Shaw. I will continue to lead Jasper now as sole CEO.

We are super excited about what we have planned for Jasper in 2023 and beyond; we are well-positioned with an incredibly talented and passionate team alongside superb capital partners. The team remains focused on navigating the current period of global uncertainty through an active fund management strategy and continuing to scale our business across New Zealand and Australia through strategic opportunities that periods of volatility will inevitably bring.

Mark Campbell - Jasper

Mark Campbell

CEO & Executive Director

Posted on 24 Feb 2023

Invest with us

Our expertise in acquiring and managing real estate assets, combined with our proprietary technology, helps us generate strong risk-adjusted returns for a diverse range of investors.

 Institutional Investors - Jasper Property

A strategic partner for institutional capital

Jasper is an experienced operating partner for family office and institutional investors wanting access to high-conviction real estate strategies across Australia and New Zealand. We co-invest alongside our partners in each joint venture.

We are proud of our track record and relationships with some of the biggest names in real estate, including Blackstone.

Private Investors - Jasper Property

We make commercial real estate investment accessible to private investors in a simple and transparent way.

We provide private investors with curated opportunities, low minimums, transparent reporting and improved liquidity. All available through our secure online portal.

We manage the entire investment process for you from start to finish; you sit back and enjoy direct commercial property ownership and the passive income it can provide.

Read Important Disclosures

Important Disclosures

Liquidity Not Guaranteed: Jasper offers secondary market functionality on its platform from time to time, however, there is no guarantee that you will be able to exit your investments on the secondary market or at what price an exit (if any) will be achieved.

Performance Not Guaranteed: Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this website will be profitable, or equal any corresponding indicated historical performance level(s).

Risk of Loss: Investing in commercial real estate involves a high degree of risk and may result in partial or total loss of your investment. We encourage our investors to invest carefully. We also encourage investors to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish.

No Personal Advice: Jasper does not provide personal advice or recommendations. The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. It is important for you to consider these matters and to seek appropriate legal, tax, and other professional advice before making a decision.

Wholesale Offers: Jasper currently only offers financial products to wholesale (or other qualifying) investors. Jasper does not currently hold a Managed Investment Scheme (MIS) license and our products are not suitable for retail investors.

FSPR No. 692011. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date.