Alvia names inaugural personal capital accomplice | Australian Markets
Off the back of sturdy growth in its personal markets offering, Brisbane-based investment firm Alvia Asset Companions has introduced the appointment of its first head of personal capital.
Seasoned personal markets skilled David Browne, previously of Sydney-based PE firm Subsequent Capital, will lead Alvia’s rising personal capital arm, “spearheading new private equity style opportunities”, notably within the decrease mid-market section, the firm stated.
The function will search to foster partnerships with established founder and family-led firms which display “strong resilience and attractive growth potential”, Alvia confirmed. The personal capital arm will goal investments with an EBIT vary of between $5 million and $12 million.
Browne, who assumes the title of accomplice, may even be a part of Alvia’s personal capital investment committee.
Alvia experiences that it has doubled property below management (AUM) for its Australian personal capital business over the previous 4 years.
As of June 2023, personal equity stays the second-largest personal capital asset class, with AUM at $45.5 billion from $41.5 billion in December 2022.
The firm welcomed Browne’s “strong track record of realised returns and driving value creation”, noting his 14 years’ expertise in mid-market personal equity.
Most lately he held senior roles at personal equity mid-market centered corporations Subsequent Capital, serving more than seven years as investment director, and practically 5 years at Catalyst Funding Managers as affiliate director.
Browne additionally beforehand served as investment director at diversified investment and working group Arowana Worldwide, and at Macquarie Capital Group throughout each principal and company advisory transactions.
Alvia chief government Nathan Robertson stated Browne’s experience “will add significant breadth and depth to our existing private markets capabilities as Alvia continues to grow”.
“Private capital is a key strategic priority for our business moving into 2025, and David is well-positioned to support our efforts in this area.”
He added: “David’s strong track record makes him an extremely valuable addition to our team.”
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