GSFM woos investors with two new private markets funds

GSFM has unveiled two private markets funds spanning private equity, venture capital, private credit, infrastructure and real estate, which it says will give Australian investors the opportunity to diversify properly across the entire private markets universe.
The $11.4 billion manager said on Monday that the underlying funds would be under the management of CI Global Asset Management (CI GAM), one of Canada’s largest asset managers, which invest through a multi-manager and open-architecture funds-of-funds structure.
GSFM chief executive Damien McIntyre said the launch responds to a growing interest from Australian investors in private markets, where many continue to face challenges accessing leading managers and building diversified portfolios across the sector.
“The underlying funds’ size provides a significant competitive advantage. This immediately gets the GSFM funds to scale, providing access to a range of superior opportunities and attractive pricing that is not available to smaller funds,” McIntyre said.
“With as little as a $50,000 investment in a CI Private Markets Fund, Australian investors can access a curated selection of leading private markets funds across all five major private market sectors, with active portfolio management and disciplined rebalancing.”
The launch comes as global private market managers increasingly seek to expand beyond large pension funds and sovereign wealth investors, amid growing demand from institutional, wholesale and family office investors for exposure to diversified assets.
Industry estimates suggest private markets could grow to about $US30 trillion by 2029, fuelling demand for investment structures that can reduce traditional barriers to entry such as high minimum investments and lengthy lock-up periods.
CI GAM chief investment officer Marc-André Lewis said the funds would give Australian investors exposure not only beyond public markets, but across a diversified portfolio of private market assets.
“Everyone believes in diversification but it’s difficult to get access to the best managers in the world, let alone understand how to combine them efficiently,” Lewis said.
“These funds now give Australian investors the opportunity to diversify properly across the entire private markets universe – not just pick a few well-known brands and hope they all fit together.”
He said both strategies were backed by established track records and provided exposure to a mix of leading and emerging private market managers globally.









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