Mark your calendars. Michael Lukin’s buyout firm Roc Partners is gearing up to raise $500 million for a new fund to bet on tomorrow’s winners.
Street Talk can reveal Roc Partners will next month hit the road to secure limited partner commitments for its new fund. Past funds – and earlier standalone deals – have been supported by Australian institutional investors including Aware Super, Spirit Super and Cbus.
This time around, Roc is expected to split the $500 million evenly across local and overseas investors, including Middle Eastern institutional money. The raise comes after Roc’s dealmakers on MondayThe firm was established in 2014 after a management buyout of Macquarie’s private equity funds-of-funds unit, and now manages more than $8 billion. It has branched out into private equity buyouts and private credit, while carving a niche in agricultural businesses.
The 65-strong team has already tallied up more than 400 investments. With another $500 million on the way, the number should climb again. Roc’s bets in food and agriculture have included Wagyu beef business Stone Axe, glasshouse producer Flavorite,Roc would be hitting the fundraising trail at a time when rival buyout firm Pacific Equity Partners is working hard to round upSarah 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.is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.
Roc Partners Buyout Firm Fund Investors Institutional Investors
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roc Partners' Acquisition of Pace Farms Wins Asia Pacific Deal of the YearRoc Partners' acquisition of Australia's second-largest egg supplier Pace Farms has been awarded the prestigious Asia Pacific deal of the year title at the Agri Investor awards. The acquisition was made in August 2023 for $350 million from Roc's Premium Food Fund, alongside co-investors. This recognition highlights Roc's contributions to the agricultural sector and its deal-making skills.
Read more »
A day-trip to Venice may cost up to $500 if new tax not paidVisitors arriving at the main train and bus stations will be met by stewards who will remind tourists of a new entrance fee for the city’s historic centre.
Read more »
Traveller Letters: Unfair fee pushed cost of my Australian passport over $500“I know Australian passports are expensive but it seems if you renew overseas you are now hit with an additional fee of $155.”
Read more »
Traveller Letters: Unfair fee pushed cost of my Australian passport over $500“I know Australian passports are expensive but it seems if you renew overseas you are now hit with an additional fee of $155.”
Read more »
Traveller Letters: Unfair fee pushed cost of my Australian passport over $500“I know Australian passports are expensive but it seems if you renew overseas you are now hit with an additional fee of $155.”
Read more »
'Budget for $500': The travel expense many Australians don't expectMany travellers will book a flight to destinations such as Bali thinking it's just like visiting another part of Australia. They don't set aside time or money for one important step.
Read more »