Mirae expands venture capital presence
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”.
AUTHOR
Laura Dew
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