Clime sells Retail Fund to unnamed party

Mike Taylor

Managing Editor/Publisher, Financial Newswire

27 February 2026

Clime Investment Management has taken another step away from its retail investment exposures, selling the Clime International Retail Managed Investment Scheme to an, as yet, unnamed buyer.

The buyer has been described as currently operating several global equity strategies which match the objectives and targets of the Clime Fund.

The company said it had ag reed to a consideration of $2 million cash payable in tranches, subject to trustee consent and retention over the next six months with Clime continuing to operate as Investment Manager.

It said the product would continue to be called the Clime International Fund until such time as the purchaser formally launches operations in Australia.

The announcement said the purchaser will remain confidential until the fund trustee and strategic partner’s consent.

Commenting on the transaction, Clime managing director, Michael Baragwanath said the divestment is consistent with the company’s strategy to streamline operations and prioritise its wholesale business.

“This transaction realises cash for the company and importantly, introduces an additional skills set and strategic partner that our wholesale clients will be able to engage with directly,” his statement said.