Head of Research for Smaller Companies and Micro Caps, Perennial Value Management
| Role | Organisation | Sources |
|---|---|---|
| Head of Research for Smaller Companies and Micro Caps (former) | Perennial Value Management | Perennial Partners portfolio (Mon 10 Jun 2019), Perennial Partners portfolio (Wed 29 May 2019) |
| Head of Smaller Companies and Microcaps (former) | Perennial Value Management | Perennial Partners portfolio (Thu 5 Aug 2021), Startup Daily, Perennial Partners portfolio (Wed 7 Oct 2020), Perennial Partners portfolio (Wed 2 Sep 2020), Perennial Partners portfolio (Fri 25 Oct 2019), Perennial Partners portfolio (Mon 12 Aug 2019), Perennial Partners portfolio (Fri 9 Aug 2019), Perennial Partners portfolio (Mon 10 Jun 2019) |
Stories naming Andrew Smith. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Boutique manager Perennial is gathering $200m toward a debut growth-stage fund, with cornerstone backing secured; its earlier private bets include Emesent, Lumi, Koala, Animoca Brands, Xpansiv and Songtradr.
Perennial's third pre-IPO fund has secured an initial $100 million toward a $200 million target, with $50 million already deployed into Demyst, Songtradr and InDebted; its previous fund closed at $125 million.
Pocket money app Spriggy has secured a $35 million Series B, led by NAB's venture arm alongside Perennial and returning backer Grok, to fund growth including tripling headcount.
Also Startup Daily
Perennial's second pre-IPO fund has reached its full $125 million target and will soon deploy into healthcare, e-commerce and technology investments; its first trust backed Aroa Biosurgery, 4DMedical and Atomo Diagnostics, each now listed.
Perennial is preparing a second wholesale-investor fund with a $125 million goal, after its first vehicle delivered a 31.6% return; the article also names its portfolio managers.
Two Australian companies press ahead with planned year-end ASX floats despite a run of collapsed listings, with fund managers commenting on IPO valuations, private equity sell-downs and market conditions.
Perennial Value's pre-IPO fund drew $50m from wholesale investors ahead of its August close, its microcap trust hard closed at $200m, and the firm is leading a second round into Nutricare.
Perennial Value's microcaps team is backing six private companies, leading fresh expansion capital into Nutricare, while its new pre-IPO fund has gathered $50 million from wholesale investors ahead of closing.
A Perennial Value Management executive explains how the firm chooses unlisted investments while it raises a new private fund, pointing to profitable pre-IPO backing of two since-listed companies through its microcap trust.
Perennial Value launches a wholesale pre-IPO investment fund, with Morgan Stanley expected to commit $25 million once documents are finalised, while its existing microcap trust soft closes after reaching capacity.
Perennial Value plans a fund targeting pre-IPO deals and private capital raisings, with Morgan Stanley committing initial money; its microcap trust will soft-close, and earlier bets named include Atomos, Uniti Wireless and Ecofibre.