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A group of investors including publican Andrew Lazarus and entrepreneur Stuart King have launched a new $500 million pub fund. News has emerged that the unlisted Bondi Asset Management (BAM) has begun its portfolio acquisition with Lazarus’ Vauxhall Inn, in Granville. Currently #68 on the OLGR list of top gaming venues, The Australian reports its value at $28 million.

The first of more than $500 million worth of hotels was tipped into the amitious new Bondi Asset Management unlisted pub fund yesterday on behalf of a swag of retail investors.

BAM is looking to raise as much as $15.7m to fund its purchase of the Vauxhall Inn at Granville. BAM has identified Western Sydney as a growth corridor for its gaming and leisure assets and believes that being situated on the corner of Parramatta Road and Church Street puts the Vauxhall Inn in an ideal position to benefit from the expected population growth that will be seen in the area over coming...

BAM intends to raise funds for its second fund SLGPG Fund No. 2 (El Toro) to facilitate the purchase of the El Toro Hotel in Liverpool. The El Toro is an exciting property boasting both a hotel and motel sitting on 16,000m2. It represents an opportunity to capitalise on the significant growth that BAM expects to see in the Western Sydney growth corridor.