On 3 June 2022, Regal Partners was created from the merger of VGI Partners and Regal Funds Management. VGI Partners Limited (ASX:VGI) has been renamed Regal Partners Limited (ASX:RPL).
Shareholders of VGI Partners Limited on 3 June 2022 (after market close) became shareholders of Regal Partners Limited on that day.
VGI Partners and Regal Funds Management continue to operate as investment management businesses within the Regal Partners group.
Regal Partners Limited is an ASX-listed, specialist alternatives investment manager with approximately A$5.6bn in assets under management.*
Formed on 3 June 2022 following the merger of VGI Partners Limited and Regal Funds Management, the Group manages a diverse range of investment strategies covering hedge funds, private markets and real assets on behalf of institutions, family offices, charitable groups and private investors.
The Group houses four dedicated alternatives investment management businesses – Regal Funds Management, VGI Partners, Kilter Rural and Attunga Capital – together employing over 100 employees and more than 40 investment professionals, located in offices across Sydney, Melbourne, Singapore, New York and Tokyo.
Combining deep industry experience, extensive networks and multi-award winning performance track records, Regal Partners seeks to be a leading provider of alternative investment product solutions globally.
VGI Partners is now part of Regal Partners Limited, a diversified platform of hedge fund, private market and real asset investment strategies.
VGI Partners Limited acquired 100% of the issued share capital of Regal Funds Management Pty Limited in return for the issuance of new VGI Partners shares to existing Regal Funds Management shareholders. VGI Partners shareholders prior to the merger now own 33.3% of the merged entity, which has been renamed Regal Partners Limited.
Dividend of 39.7 cents per share to VGI shareholders
A fully franked dividend of approximately 39.7 cents per share will be paid to VGI shareholders who owned shares as of the record date of 2 June 2022. The payment is expected to be made on 9 June 2022.
While there is no change to management of the VGI Partners Master Fund, VGI Partners Offshore Fund, VGI Partners Offshore Feeder Fund, VGI Partners Global Investments Limited (ASX:VG1), the VGI Partners investment team now has the opportunity to draw on Regal Funds Management’s fundamental coverage of Pan-Asian companies and sector-specialist expertise.
VGI Partners Asian Investments Limited (ASX:VG8) entered into an investment advisory agreement whereby Regal Funds Management Pty Limited (Regal Funds Management) will assist the Manager with the investment of the Company’s portfolio. The investment team at Regal Funds Management for this arrangement will be led by its Chief Investment Officer, Philip King.2
1 Pro forma assets under management of the Group as at March 31 2022 (assumes 100% ownership of all subsidiaries of RPL). Assets under management includes fee earning funds and non-fee earning funds but excludes external non-fee earning funds.
2 Following completion of the merger of Regal Partners Limited (formerly VGI Partners Limited) and Regal Funds Management, Regal Funds Management became a wholly owned subsidiary of Regal Partners Limited. Regal Partners Limited is also the Manager’s parent company
If you held shares in VGI Partners Limited on 3 June 2022, you became a Regal Partners Limited shareholder on that day. If you own shares and would like to change your address, transfer your stock, have lost your statement or require other assistance in relation to your shareholding, please contact your broker or our share registry, Boardroom.
For further information, view the announcement, the webcast held for shareholders on March 30 2022 and the presentation slides.