Mirae Asset expands its Aussie team

Mirae Asset Global Investments has announced the appointment of James McGrath as its new director, alternative investments, who will work across the portfolio specializing in real estate, infrastructure, private debt and venture capital.

He would also lead Mirae Asset’s Australian venture capital activities and report to head of alternative investments, Luke Gersbach.

McGrath has over 10 years’ experience in investment banking, venture capital and private credit. He joined from OneVentures and he also held roles with Allier Capital and Citi.

“We are pleased to welcome James to Mirae Asset. The expansion of our alternatives team, with a focus on venture capital, expresses our commitment to supporting Australia’s start-up landscape,” Gersbach said.

Mirae Asset’s Alternative Investments portfolio includes stakes in the Victorian Desalination Plant, Eastlink and the Four Seasons Hotel in Sydney.

Globally, Mirae Asset Financial Group has $2.5 billion in funds under management (FUM), including investments in DiDi, Impossible Foods and Zomato.

Most recently in August 2022 Mirae Asset led a US$250 million round into Elon Musk’s SpaceX. Australian venture capital investments include web3 platforms Immutable X and Animoca Brands.