Clearway awarded distribution mandate for $210bn manager

Clearway Capital Solutions has been appointed by a US-based investment manager - with a total of US$149 billion ($212bn) in assets under management - to distribute its capabilities for Australian and New Zealand investors.

Virtus Investment Partners has selected the business to broaden access to selected strategies in its multi-boutique investment platform across equities, fixed income, multi-asset and alternative strategies.

Clearway will be responsible for introducing and distributing those strategies to qualified local investors and consultants, supporting market education, coordinating due diligence engagement and assisting with ongoing investor coverage, it said.

Clearway said Virtus' model is built around autonomous investment teams, each with a unique investment style, supported by the broader resources of a listed global asset management business and allows investors to access a range of investment approaches supported by a single broader corporate platform.

The appointment comes as local investors continue to seek differentiated sources of return, specialist active management and access to investment teams with deep capability in focused areas of the market, Clearway said.

Commenting, Clearway Capital Solutions director Micheal Negline believes the offering introduces a differentiated opportunity for investors.

"Virtus is a strong fit for Clearway's business because it brings together the breadth of a large asset management platform with the focus and investment autonomy of specialist boutique managers," Negline said.

"We think Australian and New Zealand investors will be interested in the depth of capability across the Virtus platform, particularly where individual investment teams can offer differentiated perspectives across the public and private asset class spectrum."

Clearway Capital Solutions has been partnering with a plethora of global fund managers since its inception in 2009, including Osmosis Investment Management in the UK and Matthews International Capital Management in June 2024.