Co-manager, Perennial Value Management
Stories naming Ryan Sohn. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Perennial's new Private Ventures fund, its third private markets vehicle, will back Australian growth companies nearing listing; the manager flags a $200m target it considers conservative.
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.
Sydney debt-collection fintech InDebted raised a $25 million Series B led by Perennial Value Management, with follow-on backing from Carthona Capital, Reinventure, MassMutual Ventures Southeast Asia and Jason Lenga, funding global expansion.
Melbourne workforce management firm Ento raised a $5 million Series B led by Perennial Value Management with AirTree Ventures participating, to grow its team and expand; AirTree had earlier backed a $1.2 million raise in 2015.
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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.
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.
AI startup MyWave, founded by a NAB board member, has raised $3 million ahead of a planned listing, with Perennial Value Management leading and Patersons Securities running the raise.
Also Australian FinTech
Perennial analyst Ryan Sohn explains why his firm backed Revasum ahead of its December ASX listing, citing semiconductor demand from electric vehicles, 5G and the internet of things, and the company's silicon carbide positioning.