CHAMP IV, which is focused on Australia and New Zealand, was floated in 2015 with the target to raise about A$1 billion. The fund reached the first close of A$500 million early last year, with majority investment from offshore investors.
Another report in The Alternative Assets Network said that CHAMP has made four investments totalling about A$250 million from the fourth fund since the first close.
According to the company’s website, CHAMP IV made its first investment in February 2016 when it acquired Pepperstone, a Melbourne based online investment platform. The firm further invested in car dealer Dutton Garage, software business ContainerChain, and transport provider StraitShipping from its fourth fund.
CHAMP was also the first Australian-based private equity fund manager to establish a presence in Asia, opening a Singapore office in early 2008. The Singapore office supports CHAMP portfolio companies by capitalising on Southeast Asian growth opportunities through add-on acquisitions, product sourcing, business development and distribution networks.
The buyout firm prioritises private company investment opportunities and seeks to make equity-based control investments in the range A$50-A$250 million.
Since inception, CHAMP has invested across a broad range of sectors, including media, transport, industrial services, education, retail, agribusiness, health and financial services.