Mirae expands venture capital presence

Alternatives venture capital

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

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 7 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 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....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 5 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 8 hours ago