We are focused on highly differentiated private market strategies to optimise risk-adjusted returns for clients through the cycle. We’ve developed a broad private markets platform to enable Australian investors tax/cost-efficient and simplified access to investments otherwise only accessible to large institutional investors.
Our philosophy is to invest in assets where value can be identified, created or enhanced – either by buying assets at less than their intrinsic value or investing in businesses with superior earnings potential. Key to this approach is investing in companies and opportunities whose principals are aligned with the business and integral to their growth, rather than in large capitalised companies with high executive turnover and sub-optimal board structures.
Our suite of strategies allows investors to take advantage of global opportunities in a way that suits their needs, whether it’s via closed-end funds, open-end funds and Separately Managed Accounts (SMAs). We also run customised feeder funds for large investors seeking an access solution for private investments sourced themselves. investing alongside our clients, we are totally aligned with their objectives. Our commitment to being fully transparent and accountable ensures our clients remain informed about all aspects of their investment.
We believe the fundamental drivers of outperformance of private markets (vs. public markets) is a function of the following:
• Market inefficiency can be exploited – private markets are highly fragmented relative to public markets leading to opportunities for outsized returns for the best investment managers
• Depth of due diligence – access to company-specific information is far more comprehensive in the private markets providing a significant informational advantage for firms with the resources and access to utilise it
• Active value creation at the asset level – returns are created by accelerating earnings growth through an injection of capital and resources by the private equity sponsor
• A patient approach – private assets and companies can work toward 5 year business plans without being impacted by market sentiment and rigorous disclosure requirements associated with public markets
