- Business
- Pinnacle Investment Management Group Limited (ASX:PNI) is an Australia-based multi-affiliate investment management firm that holds equity interests in a network of boutique asset managers, termed Affiliates, and provides them with seed capital, working capital, global institutional and retail distribution services, business support, middle office infrastructure, and responsible entity services; its Affiliates offer a broad suite of investment products across asset classes including managed funds, actively managed exchange-traded funds (Active ETFs), listed investment companies and trusts (LICs/LITs), collective investment trusts (CITs), undertakings for the collective investment in transferable securities (UCITS), Delaware and Cayman funds, structured capital solutions, private markets strategies, and multi-asset portfolio solutions; notable Affiliates include Hyperion Asset Management, Spheria Australian Microcap Fund, MCP Real Estate Debt Fund, Metrics Credit Partners, Five V Capital, Palisade Investment Partners, Riparian, Langdon Equity Partners, VSS Holdings LLC, Pacific Asset Management LLP, and Advantage Partners. The company, founded in 1997 and headquartered at Level 25, Australia Square Tower, 264 George Street, Sydney, NSW 2000, Australia, operates primarily in Australia with expanding international presence in the United Kingdom, United States, Canada, New Zealand, and Japan, managing approximately AUD 128.1 billion in funds under management across 16 Affiliates as at 30 September 2024, or AUD 145.9 billion pro-forma for recent investments, and AUD 197 billion as at September 2025. Recent developments include a November 2024 equity raising of AUD 400 million via institutional placement and share purchase plan to fund strategic acquisitions of a 22.5% stake in US-based VSS Holdings LLC for structured capital investments and a 25% stake in UK-based Pacific Asset Management LLP for technology-enabled multi-asset solutions and distribution, alongside an October 2025 agreement to acquire up to 13% in Japan-based Advantage Partners for private markets exposure, reflecting accelerated international diversification into private capital and global asset classes.