FinCap announce first-wave of private markets managers behind portfolio range

Ben Davis

Private markets investment firm, FinCap, has announced five investment managers behind their now available Helm portfolio range, providing institutional grade private markets access to wholesale investors and their advisers.

The managers announced to date span a range of distinct private markets asset classes, including private equity, late-stage venture, global infrastructure, flexible private credit, Australian and New Zealand private equity and royalties.

The portfolios, Helm Income and Helm Growth, are the inaugural line-up of portfolios offered on the firm’s newly launched private markets managed accounts platform; the FinCap Platform.

The managers are:

• StepStone Group, a global investments manager with access to the innovation economy through their venture and growth strategy. They offer early access to leading private technology companies.
• Brookfield Infrastructure Income, one of the world’s largest infrastructure owner-operators. Brookfield Infrastructure Income has exposure to data centres, the energy transition, transport, and utilities, generating largely contracted and inflation-linked income.
• T. Rowe Price Oak Hill Advisors Flex Credit, a flexible private credit mandate that moves across the credit spectrum to capture the best risk-adjusted income opportunities, managed by a global credit specialist.
• Roc Summit Private Equity, an Australian PE manager. They provide rare wholesale access to a diversified, secondaries-led book of Australian and New Zealand private equity, the kind of exposure typically locked inside institutional closed-end funds.
• Partners Group Royalties deliver uncorrelated income from music, pharmaceutical, energy and media royalties. Partner Group Royalties offer a return stream that moves independently of equities or traditional credit.

Managers were assessed against a portfolio construction discipline and an evergreen due-diligence framework covering liquidity, valuation integrity, fee alignment and capital dependency.

Every candidate met an independent operational due-diligence review and a structural-risk screen before approval from FinCap’s Investment Committee.

“The field was genuinely competitive, with many funds evaluated for each slot. Inclusion is selective and ongoing, rather than a one-off list. Managers must continue to meet the same standards to retain their place on the platform,” says Ben Davis, head of portfolio and investment solutions at FinCap.

Davis notes that the manager selections, including the five announced, are designed to complement one another across geography, strategy and return driver: global venture capital and AI exposure through StepStone; contracted, inflation-linked infrastructure income from Brookfield; go-anywhere credit income via Oak Hill Advisors; domestic mid-market private equity through Roc Summit; and uncorrelated royalty income from Partners Group.

“The result is diversification by what drives the return, not just by label,” says Davis.

The Helm portfolios are the FinCap Platform’s flagship range of model portfolios and are the ready-built expression of the platform’s manager research: Helm Income is a highly diversified income solution spanning infrastructure, real estate, asset-based lending, royalties, flexible credit and direct lending, constructed to distribute yield. Helm Growth is a private-equity-led portfolio, constructed for capital growth with a secondary income stream.

An integrated portfolio-construction approach is used for the two offerings. Each manager is a selected holding sized to a defined role (a growth engine, an income engine, a diversifier).

Under the bonnet, both are diversified multi-manager portfolios of approximately fifteen private-markets funds, structured across three tiers: a daily-liquid sleeve (listed and daily-priced funds, representing roughly 20–30% of the portfolio) for flexibility and redemption capacity; a core of evergreen private-markets funds dealing monthly and quarterly; and, over time, selected closed-end vehicles for specific exposures.

“The platform does the manager selection, due diligence and ongoing monitoring, and Helm packages the best of that research into two portfolios an adviser can use directly, rather than asking each adviser to assemble private-markets exposure fund by fund. The result is institutional-style private-markets construction, delivered in an advised, wholesale managed account with periodic liquidity and no capital calls,” says Davis.

The Investment Committee ratifies each portfolio and oversees every holding on an ongoing basis, including continuous liquidity classification, governance assessment and formal periodic review, supported by independent research and operational due diligence.

Both Helm portfolios are available as managed accounts through an adviser on the FinCap Platform from A$100,000. The adviser registers and allocates the wholesale client to either Helm Income or Helm Growth. As a managed account, the client holds the underlying funds beneficially, with consolidated reporting and a single point of access.

The Helm cohort represents the inaugural line-up, not the full complement. Additional managers will join over time as they clear the same process.

The broader signal, however, is the kind of platform FinCap is building: a curated set of portfolios beginning with the Helm range and extending to adviser-led and consultant-led portfolios, alongside a curated pipeline of wholesale private-markets opportunities.

“The common thread is purpose: every manager and every deal earns its place by adding something specific to a client portfolio. This is not a shelf where managers pay to list product. It is a deliberately curated, governed set of high-value-add opportunities, built for advised wholesale clients, and the range will broaden on that basis rather than as an open menu,” says Davis.

“The platform reflects broader structural change in the Australian market. Demand from advisers and wholesale clients for diversified, governed access to private markets has outrun traditional routes that require large minimums, capital calls and multi-year lock-ups,” says Davis.

“FinCap’s evergreen fund structures and the managed-account platform now makes institutional-grade private markets practical for advised wholesale clients, with periodic liquidity and professional construction and oversight,” he says.

Scott Bradley, Vice President of Australia and New Zealand at StepStone Group, says they are “pleased to have been one of the first managers selected by FinCap as part of its new Private Markets Managed Account Solutions platform.”

With exposure to global venture capital and growth equity, StepStone’s diversified portfolio is built on early access to the companies defining the innovation economy. Historical examples include SpaceX and Databricks, alongside leading foundational AI companies.

“As demand for private markets continues to build among Australian investors, advisers are increasingly seeking scalable ways to access high-quality private market opportunities. Reliable access, institutional-grade distribution, and thoughtful implementation will be critical to supporting the long-term growth of private markets within wealth portfolios,” says Bradley.

“FinCap’s platform represents an important step forward in helping advisers access private market strategies in a more structured way. We look forward to supporting FinCap and its adviser network as more investors seek the diversification and long-term return potential private markets can offer.”