Paradice Partners with Charter Hall Group

Published December 22, 2021

Highlights

Paradice Investment Management Pty Ltd (“Paradice”), a boutique equities fund manager with $A18.2bn in funds under management, announces strategic partnership with Charter Hall Group (“Charter Hall).
This partnership will result in Charter Hall making a 50% strategic investment in Paradice with Paradice staff continuing to hold the remaining 50% ownership in the business.
Paradice will retain its business identity, brand, and operate autonomously.

Paradice was founded in 1999 by well-known portfolio manager, David Paradice, and has become one of Australia’s leading boutique asset managers. Paradice has grown its business over the years by attracting new investment talent and adding investment capability across both Australian and global equities with offices in Sydney, Melbourne, San Francisco, and Denver. They manage approximately $A18.2bn across institutional and retail investors and have become a trusted partner to clients.

This strategic partnership with Charter Hall will give Paradice the ability to collaborate across a larger group with a strong retail and institutional client base. It also provides Paradice with a depth of financial resources to continue to bring on new investment capabilities and teams and to continue to invest in the business.

Paradice, Managing Director, David Paradice, commented: “A culture and focus on alignment have always been a hallmark at Paradice, and this partnership ensures alignment remains between our staff and our clients investment performance. Importantly, we will retain our independence and our branding as Paradice and continue to operate autonomously.”

Charter Hall Managing Director and Group CEO, David Harrison, said: “This partnership represents a rare opportunity to invest in a large scale, high-quality listed equities fund manager with $A18.2 billion of FUM and a 20-year track record, building upon and significantly expanding our existing listed real estate equities business. It diversifies Charter Hall’s FUM and earnings streams, introduces new client relationships to both businesses across the markets we operate in.”

David Paradice, added: “We see a natural cultural and strategic fit as both businesses are fiduciaries of other people’s capital, tasked with delivering out-performance for our investors, and this is central to the way both businesses have grown over time and are run. We share the same views on the importance of partnership with our clients to deliver mutually beneficial outcomes. Our team are excited to the partnership with Charter Hall and embarking on the next chapter of growth together.”

Disclaimer:

This material (or any contribution to it) is not intended to constitute advertising or advice (including legal, tax or investment advice or security recommendation) of any kind. It is of a general nature only and was current only at the time of initial publication. The information and opinions contained herein are not necessarily all-inclusive and, as such, no representation or warranty, express or implied, is made as to the accuracy, completeness or reasonableness of any assumption contained herein and no responsibility arising for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Paradice, its officers, employees or agents. It may contain certain forward looking statements, opinions and projections that are based on the assumptions and judgments of Paradice with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of Paradice. Because of the significant uncertainties inherent in these assumptions, opinions and judgments, you should not place undue reliance on these forward looking statements. You should consider your own needs and objectives and consult with a licensed financial adviser. For the avoidance of doubt, any such forward looking statements, opinions, assumptions and/or judgments made by Paradice may not prove to be accurate or correct. References to securities may or may not represent the holdings of the Paradice Funds. The content of this publication is current as at the date of its publication and is subject to change at any time. It does not reflect any events or changes in circumstances occurring after the date of publication.

Paradice Partners with Charter Hall Group

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