Arbitrium Capital Partners expands as pipeline tops $500 Million
The opportunistic credit, distressed debt and special situations fund has appointed Ray Horsburgh, AM, as Chair and added respected global hedge fund veteran Marc Fisher to its Investment Committee.
7 April, 2021 (Sydney): Distressed debt and special situations specialists Arbitrium Capital Partners has appointed Ray Horsburgh, AM as Chair of the firm’s Board, and brought Marc Fisher on as an independent member of the Investment Committee.
Co-founder Daniel Liptak said the firm was thrilled to have Mr Horsburgh join the team. “Ray is a deeply experienced and skillful Chair who has headed boards and executive roles at companies including Toll Holdings, Smorgon Steel and CSR. We are thrilled that he believes in what we are doing and has agreed to provide stewardship to the firm as we grow.”
Launched in November last year, Arbitrium Capital Partners invests in companies with pre-COVID revenues of $50-750 million. Co-founder Mukhtader Mohammed said the deal pipeline had reached $500 million, with some of the deals now in advanced due diligence.
“The fund has been exceptionally well received by the Australian business community, and we have some good opportunities before us,” he said. “In expanding our Investment Committee with the addition of Marc Fisher, we have ensured credibility around the table to thoroughly review, stress test and independently approve investments.”
Mr Fisher’s career in capital markets has included MD roles at Citigroup in London and other senior institutional roles in the UK, Hong Kong, Switzerland and Australia. He founded and Chairs an Australian listed investment company, and holds several directorships in enterprising young companies in Melbourne, Sydney and Hong Kong. Mr Fisher most recently spent five years building market-leading risk management fintech, LumRisk. He said he was pleased to join Arbitrium as the confluence of recent events had led to unparalleled investment opportunities in this country.
“While the economic recovery has been better than many expected, there remain many businesses that have excellent underlying models but that have been unable to make it through the challenges of the past 12 months,” he said. “It’s a pleasure to be able to help these companies recover, and contribute meaningfully to the economy as Australia leaves the pandemic-induced recession.”
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