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.
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. 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.
Regal already has long/short, small companies and global equities strategies, and recently entered agribusiness via Kilter Rural Funds.
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