Access unlisted companies with outstanding growth potential

The Yarra Private Capital Discovery Fund invests in a diversified portfolio of holdings that have an intention to go public or conduct a sales process within a three-year time horizon. The Fund benefits from the governance, research , investment and capital markets expertise of Yarra’s Australian equities investment team and leverages the experience of its analysts, industry experts and board of advisors.

A broad opportunity set with a limited number of institutional grade peers

Globally and domestically there has been a substantial increase in the number of fast growing, profitable unlisted companies raising late-stage equity prior to listing on public markets. These companies are choosing to grow privately for longer and often becoming public as larger more established businesses. Investing and partnering with selected private companies as they grow and prepare for public markets can provide an attractive return profile for the Fund’s investors.

An attractive market structure

In our view, a volatile Initial Public Offer (IPO) market is creating investment opportunities in private markets where there is relatively little competition in the pricing of these opportunities.

An investment philosophy that is well suited to private market investing

Our six pillar investment philosophy approach is well suited to investing in unlisted companies:

1. Quality businesses with attractive industry dynamics: seeking only high quality private companies with a proven business model and value proposition targeting large addressable end markets
2. Compelling risk / reward: investments are selected with the intention of offering clear value creation (revenue growth, margin expansion and multiple uplift), with the view of achieving reasonable absolute and relative entry prices
3. Quality and aligned executive teams and boards: investing in companies with experienced and credible executives and governance-focused boards
4. Attractive financial profiles: businesses with strong unit economics delivering current or near term profitability
5. Commitment to sustainability: companies behaving in a sustainable way with Boards and CEO’s who are considerate of ESG factors
6. Clear parth to liquidity event: opportunity to realise value via IPO or trade sale within the Fund’s target timeframe

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Additional information

Refer here for quarterly NAV.

Fund Facts

Management fees (p.a.): 1.50% (excluding GST) of the Net Trust Value
Performance fees: 20% of returns that exceed the hurdle rate of 6% per annum (after fees). Performance fee is deferred and accrued for the first two years
Distributions: capital returns considered from year three onwards

How to Invest

Applications to invest have now closed. Prospective Qualified Investors – for example Wholesale Clients as defined in the Corporations Act 2001 (Cth) – wanting further information on the Yarra Private Capital Discovery Strategy should contact a member of the Firm’s Client Team.