Fort Lauderdale, FLA. — GQG Partners (GQG) is pleased to announce the launch of GQG Private Capital Solutions (PCS), marking its first foray into private markets. In concurrence with its launch, PCS has entered into an agreement with Australia-listed Pacific Current Group Limited (ASX:PAC) to acquire minority interests in Avante Capital Partners (Avante), Proterra Investment Partners (Proterra) and Cordillera Investment Partners (Cordillera). Following completion of the transaction, Avante, Cordillera, and Proterra will represent the foundational investments for PCS, which is focused on providing a broad range of financing and strategic solutions to mid-market private capital asset management firms. The agreement, which subject to regulatory and PAC shareholder approval, is expected to close in the first half of the year.
Operating independently from GQG’s traditional global equities business yet in synergy with GQG’s global distribution network, PCS believes it can become a strategic partner of choice for middle market private capital investment managers and offer compelling investment opportunities for clients.
GQG has offered employment to Paul Greenwood, PAC’s CEO and CIO. Following completion of the transaction, Paul and GQG Managing Director Mike Daley will co-lead the PCS business and investment team. Mike and Paul previously worked together for over a decade at PAC and its predecessor, Northern Lights Capital Group.
“We are thrilled to announce the launch of PCS, and the recruitment of the leadership team for that business,” said GQG CEO Tim Carver. “The launch of this business line, and its partnership with Avante, Cordillera, and Proterra, presents a tremendous opportunity for GQG in its efforts to expand into private markets.”
Mr. Greenwood added, “I am thrilled at the opportunity to join a platform that, supported by GQG’s world-class distribution team, can offer differentiated and valuable financing and strategic solutions to top-tier asset managers.”
ABOUT GQG PARTNERS
GQG Partners, LLC is an investment boutique that manages global and emerging market equities for institutions, advisors, and individuals worldwide. Headquartered in Fort Lauderdale, Florida, with offices around the world, GQG is committed to delivering long-only equity strategies with the goal of compounding capital for its clients. With a focus on client alignment, adaptability, and diverse perspectives, GQG strives to stay attuned to clients’ needs and continuously seeks out new insights to inform decision-making. GQG Partners manages US$137.5 billion in client assets as of February 29, 2024.
ABOUT GQG PRIVATE CAPITAL SOLUTIONS
GQG Private Capital Solutions (“PCS”) is dedicated to partnering with best-in-class middle-market private capital asset managers (“GPs”). PCS will offer a broad range of financial and strategic solutions to its partner GPs, including perpetual equity investments, structured financings, and distribution services across institutional and retail markets. By providing flexible capital and distribution support to an underserved market segment, PCS believes it can catalyze its partner GPs’ growth and capture substantial value for clients.
MEDIA CONTACT
The information provided in this media release does not constitute investment advice and no investment decision should be made based on it. Neither the information contained in this media release or in any accompanying oral presentation is a recommendation to follow any strategy or allocation. In addition, neither is a recommendation, offer or solicitation to sell or buy any security or purchase shares in any fund or establish any separately managed account. It should not be assumed that any investments made by GQG or PCS in the future will be profitable or will equal the performance of any securities discussed herein.
