GQG Partners Inc. Announcement

GQG Partners Inc. (ASX: $GQG) has announced the launch of GQG Private Capital Solutions (PCS) and the acquisition of minority interests in Avante Capital Partners, Proterra Investment Partners, and Cordillera Investment Partners from Pacific Current Group Limited (ASX: $PAC). The Acquisition involves an aggregate cash consideration of US$71,250,000 and marks GQG's entry into private markets, aiming to provide financing and strategic solutions to mid-market private capital asset management firms.

Executive Commentary

We are thrilled to announce the launch of PCS and the recruitment of the leadership team for that business. The launch of this business line, and its partnership with Avante, Cordillera, and Proterra, present a tremendous opportunity for GQG in its efforts to expand into private markets.

Summary

GQG Partners Inc. (ASX: $GQG) has ventured into private markets with the launch of GQG Private Capital Solutions (PCS) and the acquisition of minority interests in Avante Capital Partners, Proterra Investment Partners, and Cordillera Investment Partners from Pacific Current Group Limited (ASX: $PAC). The Acquisition, with an aggregate cash consideration of US$71,250,000, is expected to be financed by a debt facility of the Buyer and is anticipated to close in the first half of calendar 2024, subject to certain conditions precedent. GQG aims to become a strategic partner for middle market private capital investment managers and offer compelling investment opportunities for clients through PCS. The company's CEO, Tim Carver, expressed excitement about the launch of PCS and its partnership with the acquired boutiques, highlighting the significant opportunity it presents for GQG's expansion into private markets.