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Allegro Funds establishes $600m fund
G+T has advised an Australian private equity firm on the establishment and closing of a new fund that received approximately $600 million of capital commitments from a mix of domestic and international investors.
Lauren Croft
Firm: Gilbert + Tobin (Allegro Funds).
Value: $600 million approx.
Area: Equity.
Key players: The G+T team was led by investment funds partner Nathan Cahill, with support from lawyers Michael Mellon, Nick Schaefer, Alisa Chak, Logan O’Brien, and Jackson Kang.
Deal significance: Founded in Australia in 2004, Allegro is Australasia’s largest transformation and turnaround private equity firm and provides Transformational Capital – applying capital, expertise and a distinctly hands-on approach to invest in businesses and reposition them for sustained long-term growth.
Commenting on the deal, Mr Cahill said: “It has been great to work with Allegro since their inception and see them evolve into a world sought-after manager.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
