New evergreen private equity fund hits Australian | Australian Markets

Local private markets participant, Roc Partners, has unveiled its latest addition to its suite of ‘open-ended’ funds, an evergreen private equity fund in search of to offer untapped alternatives to wholesale traders.

In an ‘Australian-first’ in response to the supervisor, the Roc Summit Private Equity Fund affords high-net-worth (HNW) traders entry to the “same quality investments” usually provided and normally solely obtainable to giant and “sophisticated” institutional traders, with the comfort of an open-ended product.

Leveraging over 25 years of Roc Partners’ expertise and experience in Australian private equity, the fund gives publicity to a diversified portfolio of Australian and New Zealand private corporations, intending to construct its attain to over 100, and goals to return 12 to fifteen per cent every year.

A press release from the fund supervisor mentioned the fund will accommodate major and secondary fund investments, in addition to direct alternatives resembling co-investments.

“Roc Partners’ extensive experience and long-standing track record in Australian and New Zealand private equity markets has provided the foundation for launching Australia’s most diversified evergreen private equity fund,” Michael Lukin, Roc Partners Group Managing Partner, mentioned.

“We’re excited to deliver this chance to wholesale traders, offering them a uncommon alternative to entry a extremely curated and well-balanced portfolio of private equity investments.

“Roc Summit permits traders to entry private equity alternatives as soon as reserved for institutional giants.

“We’re seeing a notable increase in high-net worth investors seeking new ways to grow and diversify their portfolios, and accessible, investor friendly, products like Roc Summit are harnessing the wealth-building opportunities presented by private equity.”

The fund’s launch additionally comes as analysis into HNW traders in Australia continues to focus on an exponential growth on this cohort in recent times. According to Capgemini’s World Wealth Report 2024 there was a 7.4 per cent rise in 2023, whereas the Australian Investment Council’s Private Capital Yearbook for 2024 discovered institutional traders’ share of private equity had fallen from 47 per cent in 2019 to twenty per cent in 2023, whereas household workplaces now account for 36 per cent (up from seven per cent).