VIDEO: Archer Capital's Greg Minton
Australian fund managers need to go offshore to raise capital – but only if they are targeting large funds, says Greg Minton, managing director at Archer Capital. “In fund IV we got about A$740 million from the domestic market and about the same again for Fund IV, so the domestic LPs are there,” he says. “But if you want to raise a A$1.5 billion fund you need half of it to come from international investors”
Archer Capital closed its fifth fund at the end of last year on A$1.5 billion, having spent less than four months in the market. Its previous vehicle, raised in 2007, attracted A$1.36 billion in commitments....
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