Aura Group is pleased to announce its Funds Under Management (FUM) surpassed $500 million in September 2020.
This represents a c80% compound annual growth rate since 30 June 2017. While Aura Group has typically serviced the HNWI segment, the last 18 months have seen particularly strong flows from family offices and institutional clients, particularly from Asia. Asian domiciled investors comprise approximately 40% of FUM with Australian and New Zealand domiciled investors comprising approximately 60%. As of 31 August 2020, combined with Funds under Advice (FUA), Aura Group’s Funds Under Management and Advice sit at $759 million on an equity accounted basis and around $1.23b on a gross basis.
Despite COVID-19 disruptions and associated lockdowns, Aura Group saw strong inflows into its private credit funds and private equity funds in the June 2020 quarter. Fund performance continues to be stable and strong despite the volatile market conditions. A highlight during this time was the Aura High Yield SME Fund being named by PREQIN as the 3rd best credit fund in the Asia Pacific for 1H20.
Aura Group has also launched the Aura Tactical Opportunities Fund; a multi-strategy fund designed to take advantage of market cycles with the flexibility to invest across the capital stack and is also on track for the first close of its Australian and SEA focussed VC funds, Aura Venture Fund II and TNB Aura Fund II next quarter.
Managing Director, Calvin Ng commented, “We are pleased to see the continuing evolution and growth of Aura Group. The low-interest rate environment and market volatility is making alternative investments a more attractive part of every portfolio. We have also been quite lucky to exit several key investments this year including 1300 Australia, Vibe Hotel Darling Harbour, CallN and TradeGecko which enabled us to return significant capital and profits to investors. We want to ensure we continue to meet the evolving needs and preferences of our clients and provide unique investment solutions with strong risk-adjusted returns.”
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