Actively managed equities generating income and growth
Differentiators
A legacy of strong performance from a sensible, disciplined, value-oriented investing approach that prioritises cash generation.
Targeting businesses that can be long-term compounders of capital.
Our permanent capital allows for long term investments and counter cyclical views.
Delivers liquidity, scaling up or down opportunistically to support the best investment opportunities for the broader Group.
Valuation
Valuation of this asset class is mark-to-market.
Governance
May hold governance rights and actively engage with asset class companies to support long-term value creation.
Professionally managed global fixed income
Differentiators
New asset class established in FY26 to actively manage Group liquidity, capital flexibility and risk.
Professionally managed, globally diversified allocation with an average AA credit rating.
Predominantly invested in global low duration and short-term instruments (69%), complemented by Australian low duration instruments and cash (31%).
Currency exposure hedged into AUD to protect capital value.
Significant liquidity enables progressive deployment into new opportunities as they emerge.
Valuation
Valuation of this asset class is mark-to-market.
Governance
Actively managed to align with Group liquidity needs, capital flexibility and risk settings.
Funded through disciplined capital recycling, including proceeds from the equities sell-down and the industrial property divestment.
Long-term investments in unlisted companies with growth opportunities
Differentiators
Soul Patts invests with a long-term view, using permanent capital to grow businesses to scale and compound returns over time.
Open mandate enables us to be flexible about ownership and exit horizon.
We aim to provide growth capital to support business growth and actively shape strategy to unlock value.
Ability to co-invest alongside like-minded people.
Valuation
Annually valued and subject to independent reviews reported directly to our Board.
Global partnerships
Mid-market fund sizes (US $500m to $3b), where deal flow is often bilateral and leverage lower.
Deep relationships provide access to co-investment opportunities.
Geographic concentration in North America, followed by the UK and Europe.
Governance
Represented on subsidiary boards with oversight and influence across strategy, finance and execution.
Supported by subject matter experts and advisory panel.
Investments targeting income and strong risk-adjusted returns across domestic and global credit markets
Differentiators
Fundamental, bottom-up approach to understanding the borrower.
Innovative and flexible solutions which translate to attractive risk-adjusted returns.
Ability to invest up and down the capital stack, with no constraints on the type of deal structure.
Focus on proprietary deals where our structured solutions are attractive.
Valuation
Predominantly held at cost, less expected credit loss, which is independently reviewed and reported directly to our Board.
Global partnerships
Each manager has a distinct strategy and track record through more than one credit cycle.
Risk spread across strategy and manager with fund commitments called generally one to three years.
Geographic concentration in North America, followed by the UK and Europe.
Governance
Well-resourced specialist team focused on downside protection and value preservation through due diligence, structuring of terms, and active portfolio management.
Extensive skill mix across investment banking, credit, insolvency and law ensures robust risk management and governance.
Investments in high growth companies with structural tailwinds and valuation upside
Differentiators
Patient and unrestricted in our approach. We can invest differently to the market.
Flexible capital enables access to greater growth opportunities.
Investment via equity or equity-like structures (e.g. preference share, convertible notes and pre-IPO).
Ability to invest internationally alongside partners.
Valuation
This asset class is predominantly listed, with a mark-to-market valuation approach.
Governance
Holds meaningful positions, enabling active engagement through regular dialogue and strategic input.
Tangible assets including real estate, agriculture and data centres
Differentiators
Ability to source unique, uncorrelated, income-generating assets and long-term development opportunities through deep relationships.
Long-standing 50.1% manufacturing trust joint venture with Goodman Group.
Flexible capital can invest in partnerships, joint ventures and direct ownership to maximise returns through investment lifecycles.
Positioned to benefit from demographic and structural shifts such as ageing (retirement living), food security (agriculture) and artificial intelligence (data centres).
Provides a hedge against inflation for the broader Group.
Valuation
Annually valued and subject to independent review reported directly to our Board.
Governance
Combines active oversight through joint ventures with active stewardship of retirement living, agricultural and data centres.