GQG successfully funds private capital play
Global investment manager, GQG Partners has added private market capabilities to armoury with a $145 million close for its initial private capital fund, GQG Private Capital Solutions.
Announcing the close to the Australian Securities Exchange (ASX) GQG said it believed the addition of private markets capabilities represents an important step in diversifying the firm’s sources of revenue and bringing additional talent into the business.
The ASX announcement noted that in May the fund had acquired in boutiques Avante Capital Partners, Proterra Investment Partners and Cordillera Investment Partners as seed investments from Pacific Current Group.
It said that as a result of the closing, the fund would extinguish the debt around the stakes.
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