AFR – Street Talk – Sarah Thompson, Kanika Sood and Emma Rapaport
Perennial Partners has inked a partnership deal with former Maple-Brown Abbott stockpicker Joseph Ziller, taking a 50 per cent interest in his early-stage global equity funds management business and bringing it under its boutique model.
Ziller Funds Management founder and chief investment officer Joseph Ziller. Louie Douvis
Ziller Funds Management will join the Perennial stable alongside fixed income manager Daintree Capital and global small-mid cap equity manager Fairlight Asset Management.
Perennial also has a majority stake in Aussie equities impact manager Melior Investment Management and snapped up Australian Unity’s healthcare fund last year.
In return, Ziller will plug into Perennial’s strategic, operational and distribution capabilities, gaining access to its investor base of financial advisers, institutions and high-net worth individuals.
Ziller established the company in November 2022. He had spent 11 years at Maple-Brown Abbott before striking out on his own. Its $10.5 million concentrated global fund has returned 41.6 per cent over its three years, with stakes in IPO rocket Figma, Nasdaq-listed Palantir and small rockets designer Rocket Lab. Naturally, Perennial sees opportunities to grow the pie.
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