US PE firm launches Australian fund

Harbert Management has plans to launch a $150m fund to invest in small businesses.

US-based alternative private equity player that counts the $92 billion Future Fund among its investors, Harbert Management Corporation, is launching a new Australian fund with plans to raise up to $150 million.

The company wants to buy stakes in small businesses.

Among its investments have been the locally based Emeis Holdings cosmetic company, which operates under the brand Aesop.


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