River Capital appoints EQT as RE

Binaya Dahal

Journalist

26 February 2026

Equity Trustees has been appointed the Responsible Entity for boutique, River Capital’s newly-launched high conviction equity fund seeking to deliver total annual return of the Reserve Bank of Australia (RBA) cash rate plus 5%, net of fees and including annual distributions.

The trustee group has become the Responsible Entity for the fund, which is available directly to institutional and wholesale investors and via platforms for retail investors, providing access to a focused portfolio of 15–20 high-quality listed companies.

Executive General Manager of Corporate and Superannuation Trustee Services at Equity Trustees, Andrew Godfrey said the firm was pleased to partner with River Capital to introduce this strategy to investors across Australia.

“The partnership reflects the growing appetite for high-conviction investment strategies, underpinned by the strength and experience of a trusted Responsible Entity,” Godfrey said.

“Our role is to provide a rigorous operational and regulatory framework, enabling River Capital to focus on what it does best – identifying and actively managing compelling investment opportunities.”

The Fund’s key features include a concentrated portfolio of listed equities, underpinned by active engagement with company management and boards where appropriate.

River Capital has stated that this focused approach enables the team to gain deeper insight into each holding, make timely portfolio adjustments, and fully realise investment theses over time.

Furthermore, it claims to position the Fund to take advantage of marketing inefficiencies or mispricing while managing short-term market volatility.

Portfolio Manager at River Capital, Akshay Chopra said the firm views risk as potential for permanent capital loss.

“Our investment approach is to target opportunities, where intrinsic value materially exceeds market price and creates an asymmetric return profile,” Chopra said.

“River Capital High Conviction Fund portfolio invests in our highest-conviction ideas – companies with mispriced value and cashflows, high quality growth businesses, and businesses trading below asset backing.”