Treasury Group takes stake in private equity breakaway


Boutique fund manager Treasury Group has taken a 15 per cent equity stake in the former Macquarie Group private equity funds management business now known as ROC Equity Partners.
ROC was formed in mid-March of this year when the three fund managers of the former Macquarie Investment Management Private Markets purchased the business for an undisclosed figure. At the time of sale the business had $5 billion in assets under management.
Treasury Group will also provide a five-year working capital facility which can be drawn down by ROC at its discretion, with Treasury Group committing a total of $4.5 million from its internally available working capital to ROC.
Treasury Group chief executive and managing director Andrew McGill, who is expected to join the ROC board, said ROC management had been known to Treasury Group for many years.
Treasury Group stated it would also provide services to ROC in the areas of risk, compliance, accounting and operation support.
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.