Navigator makes strategic investment in Longreach Alternatives

Navigator makes strategic investment in Longreach Alternatives.

Navigator makes strategic investment in Longreach Alternatives

Navigator Global Investments Limited (‘Navigator’ or the ‘Company’) is pleased to announce that it has signed a definitive agreement to acquire a 32% ownership interest in Longreach Alternatives Ltd (‘Longreach’).

Navigator is acquiring the ownership interest from several non-employee Longreach shareholders. This investment will be made from Navigator’s existing financial resources and is expected to immediately contribute to earnings. There will be no near-term impact on the Company’s dividend.

Partnership opportunities.

Michael Shepherd, Navigator Chairman commented “We are excited about this opportunity to partner with a diversified and growing firm like Longreach, which we believe allows us to further broaden Navigator’s business in Australia in a meaningful way.”

Samuel Mann, CEO of Longreach commented “We launched Longreach in 2016 to develop and deliver high quality and differentiated alternative investments to our valued clients. This partnership between Navigator and Longreach will help us continue our mission of providing differentiated investment solutions to a broad market which we believe will benefit from such capabilities.”

Ross Zachary, Navigator MD of Strategic Corporate Development added “Samuel and his team have built Longreach into a leader in the alternative asset management industry in Australia. We look forward to supporting their continued growth and collaborating on strategic opportunities across the group.”

The transaction is expected to close 30 September 2021. Berkshire Global Advisors acted as exclusive corporate advisors to Navigator.

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About Longreach Alternatives
Founded in 2016, Longreach Alternatives is an Australian based investment management firm, providing whole of business funds management support and infrastructure to its stable of leading alternative investment managers. Longreach Alternatives identifies, builds and invests into growing world-class alternative investment management teams providing investors access to considered and differentiated alternative investment opportunities across market segments including alternative income, private credit, quantitative equity and real assets.

Longreach Alternatives has and continues to work both locally and globally to provide fit for purpose investment solutions to private and institutional investors alike. Longreach has AU$1.6 billion (30 June 2021) funds under advice/management.
www.longreachalternatives.com/

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About Navigator
Navigator Global Investments Limited (ASX:NGI) is a diversified asset management holding company dedicated to partnering with leading management teams who operate institutional quality businesses globally, primarily in the alternative investment management sector.

Navigator has US$20.9 billion of AUM (30 June 2021) across Lighthouse Partners and its strategic investment portfolio.

www.navigatorglobal.com.au
For further information please contact:
Amber Stoney
Chief Financial Officer & Company Secretary
07 3218 6200

Authorised by: Board of Navigator Global Investments Limited

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