Mirae expands venture capital presence

11 October 2022
| By Laura Dew |
image
image
expand image

Mirae Asset Global Investments has appointed James McGrath as director, alternative investments.

He would report to head of alternatives investments, Luke Gersbach, and lead the firm’s Australian venture capital activities.

Mirae Asset was already a major player in venture capital with $2.5 billion in funds under management.

He would work across the firm’s alternative investments portfolio which specialised in real estate, infrastructure, private debt and venture capital.

McGrath joined from OneVentures where he worked for six years on a range of venture capital and venture debt investments.

Gersbach said: “We are pleased to welcome James to Mirae Asset. The expansion of our alternatives team, with a focus on venture capital, expresses our commitment to supporting Australia’s start-up landscape”.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

18 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 3 days ago