AIC growth private equity awards: Allegro Funds, Brandon Capital clean out

April 28, 2022

Australian Investment Council belatedly held its 2021 awards for growth private equity firms on Thursday evening in Sydney, and Allegro Funds’ team must’ve come back from the party grinning ear to ear.

Chester Moynihan, Adrian Loader and Fay Bou’s firm was named the firm of the year.

It also won in the mid-cap investment ($100 million to $250 million) category for its investment in retailer Best & Less.

The awards are officially called ‘Investing for Growth Awards’ and we are told there was a shindig of 200 odd guests at the Four Seasons, after the pandemic got in the way of last year’s plans. Tesla chair Robyn Denholm, who’s also an operating partner at Blackbird Ventures, was the guest presenter.

But moving on to other awards – there were six more.

Brandon Capital’s DNA sequencing business Longas Technologies won it two awards: the venture capital investment award, and the Michael Hirshorn award, which is named after Cochlear’s co-founder.

The best small-cap investment (under $100 million) went to Quadrant Private Equity for Adore Beauty. The upper-mid cap investment category ($250 million to 500 million) was taken out by Next Capital for Lynch Group.

AIC added a new award category: corporate venture capital award. It went to Reinventure Group, for its work at Coinbase to benefit CVC and its investors.

And OneVentures was recognised with an award for leadership in diversity and inclusion as a nod to its investment team (70 per cent women) and consideration of diversity during due diligence on companies.

Australian Financial Review
Anthony Macdonald, Sarah Thompson and Kanika Sood
29 April, 2022

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