We have managed funds across a range of strategies, including private equity, private credit, listed equities and venture capital, delivering outperformance on all thus far. When we started, we had limited partners who were family offices and sophisticated institutions, primarily out of Switzerland, Asia and, to a lesser extent, Australia. We did take on retail investor money in Australia for several years but are now returning to focus on family offices and selected institutions with the same values and investment horizon as we do.
Our asset management business operates with an unorthodox ethos – our mission at Arowana isn’t simply to raise more capital and increase funds under management nor is it to stick to one particular investment strategy. Rather we are heavily focussed on investment outperformance, especially as the largest investor cohort in any fund vehicle we launch will typically be our principals and team. Our strategy is to have the same investment agility of first generation family offices. We will typically only establish funds in sectors where the demand for capital exceeds the supply of capital, meaning a greater probability of investment outperformance. We will have no hesitation in closing a fund or strategy if this fundamental demand-and-supply dynamic changes.