American investment banking firm Moelis & Co is set launch an initial public offering (IPO) of ordinary shares in Global Wealth Partners Fund (GWP)- its new global investment vehicle to be listed in Australia.
Moelis, in a prospectus lodged with Australian authorities, said GWP will let investors skip administrative delays and minimum investment requirements to buy into four US alternative investment funds.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
GWP is seeking to raise between A$100 million (US$93 million) and A$300 million before fees ahead of a late-September listing.
Shares in GWP are being offered at A$1.25 each, and retail investors in Australia and New Zealand will be required to make a minimum investment of A$2,500.
Managed by Moelis Australia Asset Management (MAAM), part of Moelis &Co, GWP will provide Australian investors easy access into global stocks, both on long and short basis and will allow investors to achieve global diversification.
MAAM has already received pre-launch commitments of $100 million from wealthy investors, self-managed super funds, and wealth management platforms.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAdditionally, Moelis has hired Sunrise co-presenter David Koch as chairman of the GWP board while former CEO of Colonial First State Warwick Negus as an independent non-executive director.
Andrew Martin, head of MAAM and CIO at GWP, said: "This is giving investors access to a proposition usually only available to rich U.S. families. Diversification lies at the heart of any sound investment strategy but Australian investors, particularly those with self-managed super funds and self-funded retirees, are significantly underweight global assets.
"Generally these funds are not accessible to retail investors due to the minimum investment requirement of more than US$1million," Martin added.
