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Showing 161 - 170 of 1317 results for "Stage 1"

QIC splashes $32m on PEP acquisition

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
Queensland Investment Corporation (QIC) lent $32 million to back Pacific Equity Partners' (PEP) acquisition of ATOM Group, an industrial and safety goods distributor. QIC Private Debt made the transaction via PEP's Fund VII. PEP flagged late ...

AustralianSuper bears brunt of complaints: AFCA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
AustralianSuper copped the highest number of complaints in the last six months of 2023 totalling 936, which was nearly three times more than other major super funds like Cbus, Australian Retirement Trust (ART), and Aware Super. New data from the Australian ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
While the 0.1% increase in quarterly GDP was in line with experts' expectations, it still paints a dire picture for Australia's economic path. Annual GDP growth has fallen to just 1.1%, the slowest rate of annual growth in GDP in more than three ...

QIC adds to streak of venture capital investments

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
Queensland Investment Corporation (QIC) has agreed to become a cornerstone investor in early and growth-stage fund Sprint Ventures, while also investing in biotech venture capital firm Brandon Capital. Yesterday, Financial Standard reported that QIC's ...

QIC backs startup investor

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
Queensland Investment Corporation's (QIC) Venture Capital Development Fund has made an investment in technology investor Tidal Ventures. The undisclosed investment sum will support Tidal Ventures, which focuses on vertical AI, to invest in high-growth ...

GSFM and Tribeca part ways after 16 years

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
GSFM and Tribeca Investment Partners have parted ways, effective June 1, after being in partnership since 2008. GSFM chief executive Damien McIntyre emailed staff and clients on May 31 to deliver the news, which he said was a mutual decision. "From ...

abrdn global chief executive steps down

KARREN VERGARA  |  MONDAY, 27 MAY 2024
The global chief executive of abrdn will step down at the end of June after four years in the top job. Stephen Bird and the board of abrdn "have together agreed that it is the right time for Stephen to hand over the reins to the team" effective June ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
After recently backflipping on changing its high-net-worth investor (HNWI) tests, the UK serves as a cautionary tale for Australia as it mulls overhauling its own wholesale investor thresholds. The UK government introduced new HNWI and sophisticated ...

Link Group rebrands as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
Link Group will now be known as MUFG Pension and Market Services, following the implementation of the scheme of arrangement with Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of Mitsubishi UFJ Financial Group. The business comprises two ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
Treasurer Jim Chalmers handed down the Federal Budget last night, delivering its second consecutive surplus as well as a raft of measures to ease the cost-of-living crisis. Despite many of the measures presented in the Budget having been announced prior ...