Management Team

Governance Structure

The Fund is governed on two levels.

The first is the Board of Directors, which presently consists of three directors (see below). The Board provides executive oversight and concentrates on vision, strategy, compliance and portfolio / financial performance. The Board usually meets monthly online or in person in Melbourne.

In addition to the Board there are various operational teams or sub-committees – portfolio oversight, property acquisition / due diligence, and property management. Information on each sub-committee is provided below.

Board Of Directors

Plantation Capital Limited is the Fund’s Responsible Entity, and is responsible for the overall management of the Fund and is subject to various duties under the Corporations Act, including duties to act honestly, exercise care and diligence and act in the best interests of investors.

The board of the Responsible Entity comprises three directors. The Directors of the Responsible Entity are:


1 Stephen (Steve) McKnight


Chartered Accountant, Diploma Financial Services

Steve, a qualified chartered accountant and experienced investor, is recognised as one of Australia’s foremost authorities on property investment as a means of creating personal wealth.

Since buying his first investment property in May 1999, Steve has completed hundreds of property transactions.

Presently, his real estate portfolio includes a significant portion of USA properties on a co-ownership basis, including single family homes, multi-family homes, and commercial real estate (including four mobile home parks).

Steve is the co-founder and current Chief Executive Officer of, a website that is committed to educating investors on how to successfully use real estate to create wealth. His first book, From 0 to 130 Properties in 3.5 Years, has sold over 200,000 copies.

Steve has been featured as an expert investor in the print media, on television and on radio. He has contributed keynote addresses on real estate investing in Australia, New Zealand, Asia, Canada and the USA.



Paul Harper

Master of Entrepreneurship and Innovation, Bachelor of Business (Accounting), Chartered Accountant

Paul has been providing financial advisory services to corporations, institutions and high net worth individuals for the past 22 years.

Until November 2011, he worked as the Managing Director of Jeena Limited, a Melbourne-based firm of Chartered Accountants that provided family office services and specialised investment opportunities to select, high-net wealth clients and families.

Paul has a Masters in Entrepreneurship and Innovation and a Bachelor of Business (Accounting). He is a past member of the Institute of Chartered Accountants.


Ewan MacDonald

Bachelor of Arts, Diploma of Law, Diploma of Practical Legal Training

Ewan is a highly experienced financial services and managed funds adviser and consultant.
His experience includes the establishment and operation of listed and unlisted managed funds, preparation of offer and other fund documents, Australian financial services licensing and compliance implementation and management.
He has previously acted as a director of various AFSL holders, including a responsible entity of registered managed investment schemes offered to retail investors. He has also been the chair and/or external member of a significant number of compliance committees for registered schemes. Ewan was previously the external chair of PCL’s compliance committee and now acts as the internal member of that committee.

General Advice Warning: This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (dated 4 July 2018) issued by Plantation Capital Limited ACN 133 678 029 AFSL 339481 in deciding whether to acquire an interest in the Passive Income (USA Commercial Property) Fund. Pty Ltd is an authorised representative of Plantation Capital Limited ABN 98 096 059 353, AFSL 339481. Past performance is not a guarantee of future performance.