Asset Management Finance has made an investment in MIR Investment Management, an Australian and Asian (ex-Japan) equity fund manager based in Australia and Singapore.
Asset Management Finance has made an investment in MIR Investment Management, an Australian and Asian (ex-Japan) equity fund manager based in Australia and Singapore.
This transaction is AMF’s first outside of the US. It is the sixth investment the firm has made since the beginning of 2008, and 14th overall.
AMF has provided MIR capital in exchange for a limited-term revenue share interest.
Founded in 2003, MIR is headquartered in Sydney with offices in Singapore and Melbourne. MIR has approximately AUD4bn in assets under management in long and long-short strategies in both Australian and Asian ex-Japan equities that demonstrate strong value characteristics.
Michael Triguboff, founder and managing director, says: ‘AMF was the perfect solution for us in that their RSI is a passive investment that provided us with the freedom and flexibility to manage and grow our business in ways not available to us through traditional equity or debt financing.’
‘MIR has established itself as a premier manager in the Asia-Pacific region, with an excellent track record, a solid investment process and a blue chip institutional client roster,’ says Sean Gallary, managing director of AMF. ‘We are very excited to align ourselves with a firm of MIR’s pedigree as we expand our business into the global markets.’
