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Private Equity
FINANCE | Asset/Financial Management
regalfm.com

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Investments

26

Portfolio Exits

6

Funds

1

About Regal Funds Management

Regal Funds Management is a long/short equity manager and aims to provide investors with superior investment returns. It is based in Sydney, Australia.On January 31st, 2022, Regal Funds Management merged with VGI Partners.

Regal Funds Management Headquarter Location

Level 47, Gateway 1 Macquarie Place

Sydney, New South Wales, 2000,

Australia

+61 281974333

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Latest Regal Funds Management News

Regal Funds rustles up family offices for new private credit arm

May 22, 2022

Share Soon-to-be-listed Regal Funds Management is readying an assault on the Australian private credit market, starting with a $200 million-odd fund slated to launch on August 1. Street Talk can reveal equities shop Regal Funds has kicked off talks with a bunch of family offices to seed the new strategy and hired Goldman Sachs special situations veteran Jacob Poke to spearhead its investment team. Phil King’s Regal Funds Management seems busy ahead of its acquisition of VGI Partners and ASX-listing. Sam Mooy Regal’s top brass has told potential investors the private credit fund would lend money to Australian SMEs, targeting operating businesses rather than real estate assets and seeking to make 10 per cent to 12 per cent a year on its investments. Regal reckons its old and new dealmakers will have the broker and corporate contacts to source dealflow, and just need the investor capital to get it up and running. Sources said the pitch was about providing steady income for investors in a period where interest rates (while rising) are still low, and investors don’t have many other defensive yield-type options. Advertisement It’s the sort of pitch you wouldn’t necessarily expect from Regal, which has made its name as Australia’s most successful hedge fund in the past 20 years by making conviction bets that have come up with double-digit returns. Its flagship long/short fund, Regal Atlantic Absolute Return Fund run by founder Phil King, is up 27.3 per cent since inception in March 2004. That means $100,000 invested at the beginning would be worth $8.1 million today, according to Regal’s documents. It comes as Regal appears to be branching out from its roots, and preparing for life as an ASX-listed company. The group has a deal to acquire global equities house VGI Partners, in what’s effectively a backdoor listing for Regal Funds. The transaction is expected to be consummated at an extraordinary general meeting this week. Regal already has long/short, small companies and global equities strategies, and recently entered agribusiness via Kilter Rural Funds. Ex-Goldman Sachs dealmaker and new Regal credit fund operative Poke was a 15 year veteran at the Wall Street giant, most recently co-heading special situations for Australia and New Zealand. He invested on behalf of the investment bank’s balance sheet and partner capital, including its hugely profitable stake in AirTrunk. He joins amid a bit of a Regal hiring spree. Street Talk recently revealed Regal had snared John Manchee from Morgan Stanley to run its Australian trading team, while ex-Credit Suisse prime broking operations leader James Persson has also joined as chief risk officer. Regal also hired former MIRA distribution executive Ingrid Neill to join its Singapore office and international distribution. Anthony Macdonald co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter . Email Anthony at a.macdonald@afr.com Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au Save

Regal Funds Management Investments

26 Investments

Regal Funds Management has made 26 investments. Their latest investment was in Canibuild as part of their Series A on March 3, 2022.

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Regal Funds Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/7/2022

Series A

Canibuild

$5.8M

Yes

1

2/11/2022

Convertible Note

ThinkMarkets

$10M

Yes

4

1/31/2022

Series A

Buildxact

$13.07M

Yes

3

1/18/2022

Convertible Note

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$99M

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10

9/30/2021

Series C

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$99M

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10

Date

3/7/2022

2/11/2022

1/31/2022

1/18/2022

9/30/2021

Round

Series A

Convertible Note

Series A

Convertible Note

Series C

Company

Canibuild

ThinkMarkets

Buildxact

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Amount

$5.8M

$10M

$13.07M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

4

3

10

10

Regal Funds Management Portfolio Exits

6 Portfolio Exits

Regal Funds Management has 6 portfolio exits. Their latest portfolio exit was Chrysos on May 06, 2022.

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

5/6/2022

IPO

2

7/6/2021

IPO

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10

1/19/2020

IPO

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10

12/11/2019

IPO

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10

5/20/2019

IPO

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10

Date

5/6/2022

7/6/2021

1/19/2020

12/11/2019

5/20/2019

Exit

IPO

IPO

IPO

IPO

IPO

Companies

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Valuation

Acquirer

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Sources

2

10

10

10

10

Regal Funds Management Acquisitions

1 Acquisition

Regal Funds Management acquired 1 company. Their latest acquisition was Attunga Capital on December 07, 2021.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

12/7/2021

$99M

Acq - Fin

1

Date

12/7/2021

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

Regal Funds Management Fund History

1 Fund History

Regal Funds Management has 1 fund, including Emerging Companies Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Emerging Companies Fund III

1

Closing Date

Fund

Emerging Companies Fund III

Fund Type

Status

Amount

Sources

1

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