21 November 2016 By Jessica Amir
Advisory and investment management firm, Greenwich Capital Partners is expanding by opening an office in Melbourne and eyeing a potential initial public offering (IPO) in 2018.
Greenwich Capital Partners, which provided alternative investments, said it accrued $160 million in funds under management (FUM) since March 2016.
The firm's managing director, Jonathan Warrand said: "Greenwich has identified and executed a number of investment opportunities with significant embedded value. We now want to take advantage of that success to broaden our investment strategy to offer our investors attractive investment products".
Greenwich also announced it was set to launch its first early stage venture capital fund, that would provide attractive tax advantages to investors.
The firm also acted as an adviser on capital raising and looked to take direct equity stakes in companies that were emerging and disruptive, Greenwich said. In particular they focused on financial companies, real estate services, education, health and logistics.
Greenwich also sought direct equity investments that returned 20 per cent or more.
"Geographical instability including the US election outcome, is driving further funds to the alternative investment segment of the market," Warrand said.
Greenwich's engagement in the alternative space offered great upside, he said.
"We have a disciplined approach to investing, and our investors are reaping the rewards".