Adexum launches $40m raising

Adexum launches $40m raising

Australian Financial Review – 12 June 2014

A few months on from winding up Investec Wentworth Private Equity, former managing director John Murphy and long-time business partner Greg Robertson are back in business.

Their new venture, Adexum Capital, is seeking $40 million in pre-intial public offering capital with a view to listing on the ASX as a $200 million-plus fund by the end of the year.

“Private equity has outperformed listed equities as an asset class over the past 10 years, but after the global financial crisis investors are cautious about getting stuck in long-term investments that can become illiquid for a time”, Adexum Capital managing director Mr Murphy said.”

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