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magellancappartners.com

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Investments

1

Portfolio Exits

1

About Magellan Capital Partners

Magellan Capital Partners is a full-service national equipment leasing and financing institution headquartered in Palm Desert, California.

Magellan Capital Partners Headquarter Location

44489 Town Center Way

Palm Desert, California, 92260,

United States

877-505-3670

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Latest Magellan Capital Partners News

What is the outlook for the Magellan (ASX:MFG) share price in 2022?

Dec 16, 2021

How is the 2022 outlook seeming for Magellan? Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan's goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He's a keen tennis fan and can't wait for the next Australian Open to roll around. You can view Tristan's holdings here . Latest posts by Tristan Harrison ( see all ) Image source: Getty Images The Magellan Financial Group Ltd (ASX: MFG) share price has had a difficult 2021. In the year to date, Magellan shares have dropped 45%. But that’s the past. What does the next year look like for Magellan in 2022? Performance heading into 2022 The investment performance of some of Magellan’s biggest funds has disappointed. For example, over the last three years the Magellan Global Fund (Open Class) (ASX: MGOC) has returned an average of 13.1% per annum over the last three years, underperforming the global benchmark by an average of almost 5% per annum. Despite that, Magellan’s funds under management (FUM) continues to rise. In November 2021, the total FUM increased by $1.6 billion to $116.4 billion. However, within that, was a mixed performance of FUM. The higher margin retail FUM dropped around $80 million to $30.23 billion, whilst the lower margin institutional FUM rose around $1.7 billion to $86.2 billion. However, leadership changes may also be impacting investor thoughts about the business and the Magellan share price. The company’s CEO Dr Brett Cairns resigned for personal reasons. He has been replaced by the chief financial officer (CFO) by Ms Kirsten Morton to be the interim CEO. Investors also learned that Magellan’s chair and chief investment officer (CIO) Hamish Douglass had separated from his wife, though they don’t intend to sell any shares. Growth avenues Magellan points to other parts of its business, away from the main global shares strategy, that can produce FUM growth with “significant opportunities” and the combined FUM is around $30 billion. Those five areas are: global listed infrastructure, Airlie Funds Management, sustainable and ESG strategies, the MFG Core series of exchange-traded funds (ETFs) and FuturePay. Magellan said that infrastructure has a significant runway, the Australian funds have a substantial opportunity to build a retail franchise, the ESG strategy has total capacity of around $20 billion (with only $500 million of FUM at its AGM), there is growing demand for cheaper ETF products and the FuturePay product is tapping in the huge retirement capital and the desire for reliable income. Magellan Capital Partners is another area with the potential to create long-term growth which currently includes the sizeable investments in the businesses Barrenjoey and Guzman y Gomez. Price targets on the Magellan share price Different analysts have different thoughts on the company. UBS has a sell rating on the fund manager, with a price target of $29.50. The broker is concerned about lower revenue due to potential outflows of FUM and/or cutting the fees for clients. However, the brokers at Macquarie Group Ltd (ASX: MQG) think it’s a buy with a price target of $38. However, the fund manager looks historically cheap to Macquarie and the dividend yield – an almost 8% partially franked yield in FY22 on the broker’s numbers – is supportive for the business valuation. Wondering where you should invest $1,000 right now? When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more. * Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

Magellan Capital Partners Investments

1 Investments

Magellan Capital Partners has made 1 investments. Their latest investment was in US Stem Cell as part of their Series D on September 9, 2005.

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Magellan Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/7/2005

Series D

US Stem Cell

$19M

Yes

Date

9/7/2005

Round

Series D

Company

US Stem Cell

Amount

$19M

New?

Yes

Co-Investors

Sources

Magellan Capital Partners Portfolio Exits

1 Portfolio Exit

Magellan Capital Partners has 1 portfolio exit. Their latest portfolio exit was US Stem Cell on February 20, 2008.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/20/2008

IPO

1

Date

2/20/2008

Exit

IPO

Companies

Valuation

Acquirer

Sources

1

Magellan Capital Partners Team

1 Team Member

Magellan Capital Partners has 1 team member, including former Chief Executive Officer, Roy Case.

Name

Work History

Title

Status

Roy Case

Chief Executive Officer

Former

Name

Roy Case

Work History

Title

Chief Executive Officer

Status

Former

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