Skybound Capital acquires Australia’s Fair Go Finance

Skybound operates globally across a range of strategies including PE, private debt and hedge funds. It manages two PE vehicles, including the Asia-focused Willow Tree Fund. In addition to Hong Kong, it maintains offices in Australia, the UK, South Africa, Bermuda, and Mauritius.

The firm has positioned its latest investment as part of a strategy to grow its exposure to Australia as well as a way to expand its technological abilities. Fair Go Finance is active in data-driven marketing and uses anonymous identifiers, session variables, and cookies to collect personal information about clients.

“The partnership brings new opportunities for us locally, with investments in debt and equity, and the implementation of a new business strategy leveraging the understanding of the Australian consumer credit market,” Jeremy Thorpe, CEO of Skybound Capital Australia, said in a statement.

Fair Go Finance focuses on clients with poor credit histories. Loans are offered in a range of A$500-10,000. The company plans to expand into new markets, diversify the product offering, and build out its technology capabilities.

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• Topics
• Australasia
• Buyouts
• Financials
• Australia
• Financial Services