<article>Sydney-based <a style="color: #000080;" href="http://www.champequity.com.au/" target="_blank" rel="noopener noreferrer">CHAMP Private Equity</a> has closed its fourth fund at $547 million (A$735 million), said a <a style="color: #000080;" href="http://www.avcj.com/avcj/news/3005061/australias-champ-pe-closes-fund-iv-at-usd547m" target="_blank" rel="noopener noreferrer">report</a> in AVCJ.</article>

Sydney-based <a style="color: #000080;" href="http://www.champequity.com.au/" target="_blank" rel="noopener noreferrer">CHAMP Private Equity</a> has closed its fourth fund at $547 million (A$735 million), said a <a style="color: #000080;" href="http://www.avcj.com/avcj/news/3005061/australias-champ-pe-closes-fund-iv-at-usd547m" target="_blank" rel="noopener noreferrer">report</a> in AVCJ.
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&#8217;s website, CHAMP IV made its first investment in February 2016 when it acquired<a style="color: #000080;" href="https://pepperstone.com/" target="_blank" rel="noopener noreferrer"> Pepperstone</a>, a Melbourne based online investment platform. The firm further invested in car dealer <a style="color: #000080;" href="http://duttongarage.com/" target="_blank" rel="noopener noreferrer">Dutton Garage</a>, software business <a style="color: #000080;" href="https://www.containerchain.com.au/" target="_blank" rel="noopener noreferrer">ContainerChain</a>, and transport provider<a style="color: #000080;" href="https://www.straitshipping.co.nz/" target="_blank" rel="noopener noreferrer"> StraitShipping</a> 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.
Also Read:<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/australia-champ-private-equity-purchases-nzs-strait-shipping-freight-lines-60012/" target="_blank" rel="noopener noreferrer"> Australia: CHAMP Private Equity purchases NZ’s Cook Strait ferries</a>
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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.

Australia's Champ Private Equity closes fourth fund at $547m

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Australia's Champ Private Equity closes fourth fund at $547m

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