Private equity shop Aura Group targets $100m for multi-asset fund
Middle-market investment firm Aura Group is targeting up to $100 million for a multi-asset fund that will allocate investor money across a range of areas from private equity funds to publicly traded stocks.
Aura wants to tap high-net-worth investors, family offices and institutional investors over the next two years for this latest fund raise, which will be invested across 10 to 30 underlying funds and passive investment strategies including exchange-traded funds, an investor presentation seen by The Australian Financial Review showed.
Calvin Ng, co-founder at the Aura Group, has appointed Ainsley Lee to lead the firm’s new multi-asset fund.
The multi-asset fund targets public equities and infrastructure investments, among other areas, and is structured as a complementary offering to Aura’s other investment vehicles, such as its $US200 million ($300 million) private equity investment fund, co-founder Calvin Ng said.
Alongside Australian and international public stocks, the multi-asset effort will also target investments in bank deposits, property, fixed and floating-rate securities such as government bonds, corporate credit and less liquid, riskier segments including high-yield bonds, leveraged loans and emerging market debt.
Aura will not allocate more than 15 per cent of the total fund to any single underlying fund or ETF, and no more than 30 per cent will be allocated to any one investment manager of an underlying fund or ETF. Up to 50 per cent of the global currency the multi-asset fund is exposed to can be hedged back to Australian dollars, the presentation showed.
The fund raise comes as investors weigh strategies that allow them spread their cash across a range of asset classes, to diversify their holdings and
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