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

Visual from Champ Private Equity website

Sydney-based CHAMP Private Equity has closed its fourth fund at $547 million (A$735 million), said a report 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’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.

Also Read: Australia: CHAMP Private Equity purchases NZ’s Cook Strait ferries

Australia’s Odyssey PE raises $211m for debut fund

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.