Mantis Funds and Isola Capital have entered into a new partnership to launch the Isola Fullerton Global Private Alpha Fund in the Australian market.
According to the firms, the fund will provide local investors with access to a diversified portfolio of leading global private equity, venture capital, and private credit strategies.
Damien Hatfield, partner and head of distribution at Mantis, said that while there is “strong and growing interest” from private clients and their advisers towards alternative investments, accessing the best private alternative fund managers globally has been a challenge.
“Prohibitive minimum investment sizes, key vintage and strategy scarcity and even administrative challenges around managing multiple capital call processes have meant that all but the largest institutions in Australia are locked out of the space,” he said.
“We are privileged to be working with Isola Capital and Fullerton Fund Management to bring their market leading fund-of-funds capability to our clients.”
Mantis explained that it would work with Isola to build a feeder fund for Australian investors. The fund will be sub-advised by Fullerton Fund Management.
Isola chief executive officer Anthony Chan said that the firm was delighted to be partnering with Mantis in order to bring its capability to the Australian market.
“Against a volatile macroeconomic backdrop, the return premium to patient investors has never been higher. Private markets can balance portfolio volatility while delivering alpha and balancing potential risk in a less correlated way than traditional asset classes,” he suggested.
According to Mr Chan, Isola believes that it is critical for investors to construct a diversified portfolio across strategies and vintages of best-in-class fund managers when building private market exposure.
“Even for large institutions, accessing the top tier of investment managers can be challenging. Both Isola and our sub-advisor Fullerton Fund Management have well-established track records of disciplined institutional fund selection and rigorous due diligence,” he said.
“Through Fullerton’s strong network, the fund is able to access allocations with top decile asset managers across the selected strategies globally.”
