Christopher Turner

Australian wholesale investors can now access Warburg Pincus’ global private wealth platform, the Warburg Pincus Private Equity Access (WP ACE) Fund (the ‘Fund’), through a feeder fund distributed by Continental Funds Group and issued by Channel Investment Management Limited as responsible entity.

The Fund is an open-ended Australian unit trust providing exposure to a diversified portfolio of global private equity investments sourced and managed by Warburg Pincus, one of the world’s leading private equity investors. The Fund provides investors with access to a range of companies across global sectors, including financial services, healthcare, industrials and technology throughout North America, Europe and Asia Pacific.

The launch comes at a time when advisers are increasingly seeking ways to diversify portfolios beyond traditional equities and fixed income, particularly as more companies remain private for longer and a growing share of economic value creation occurs outside public markets^[1].

The Fund offers indirect access to the same deal flow, underwriting process and investment platform used across Warburg Pincus’ global private equity business. The underlying strategy launched with a seasoned seed portfolio of private equity assets, providing immediate exposure to around 190 companies across sectors, geographies and vintages from day one—helping to mitigate the J-curve and deployment risk typically associated with private equity investing.

While many private equity managers are closely associated with leveraged buyouts, Warburg Pincus has built its reputation as a global growth investor. The firm partners with management teams to help businesses scale and create long-term value through operational improvement, strategic support and deep sector expertise.

“Warburg Pincus has spent 60 years focused on a simple idea: identifying exceptional businesses, partnering with management teams and helping them grow,” said Christopher Turner, a Warburg Pincus Managing Director and CEO of the Warburg Pincus Access Fund.

“We think of ourselves as a partnership-driven, middle-market-focused global growth investor, with the scale and flexibility to back businesses through different phases of growth. Australian investors now have a gateway to the same investment platform, disciplined investment process and global opportunity set that has supported our institutional private equity business for decades.”

Angus Coote, Managing Director at Continental Funds Group, said the launch reflects a broader evolution in adviser demand and the calibre of global managers increasingly seeking Australian distribution partners.

“Advisers are increasingly looking for ways to access growth opportunities beyond listed markets, but they also want diversification and institutional-quality managers,” Mr. Coote said.

“What differentiates Warburg Pincus is not simply its scale, but the type of private equity exposure it provides. For 60 years, the firm has focused on growth investing—backing businesses benefiting from powerful structural trends and partnering with management teams to help them scale. For advisers, this provides access to a different part of the private equity market than traditional buyout strategies, alongside a globally diversified portfolio of companies, sectors and vintages.” 

Mr. Coote said the launch also reflects Continental’s broader strategy of partnering with globally recognised investment firms rather than simply bringing additional products to market.

“Our focus is on identifying high-quality global managers with established track records, deep institutional capabilities and genuinely differentiated investment expertise. Warburg Pincus is a strong example of that philosophy in action and provides Australian wholesale investors access to an opportunity set that has historically been difficult to access.”

Research ratings are currently in progress, with availability across selected adviser platforms expected shortly.

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Notes:
[1] Source: Warburg Pincus analysis. S&P Capital IQ. Note: For companies with last 12-month revenue greater than $100m by count

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James Wilson

James Wilson has joined the high grade fixed income specialist investment team as Senior Portfolio Manager, working alongside Chief Investment Officer Charlie Jamieson, based in Melbourne.

James joins from VFMC where he was most recently Senior Portfolio Manager, Fixed Interest and Absolute Returns, managing global and domestic active fixed income portfolios. Prior to that James spent seven and half years at ANZ as a senior rates trader in Sydney and London. It was at ANZ that James first worked alongside Executive Director, Angus Coote. James brings with him more than 15 years’ experience across domestic and global fixed income markets. He is also a member of the finance committee for not-for-profit charitable organisation, Bayley House.

Jamieson Coote Bonds Chief Investment Officer, Charlie Jamieson said: “We’re very proud of the outcomes we have been able to deliver for our clients to date and we are keen to enhance and grow our offering. The appointment of James is another important investment in our business and will strengthen our team approach and ensure we are best placed to continue to deliver strong returns for our investors.”

Senior Portfolio Manager, James Wilson said: “I am excited to be joining the team at Jamieson Coote Bonds at a time when the business is growing its retail and institutional footprint and portfolio breadth. Jamieson Coote Bonds has rapidly become one of the most respected brands in the domestic fixed income market and I am very much looking forward to being a part of the journey going forward.”

Co-founders Charlie Jamieson and Angus Coote launched Jamieson Coote Bonds in 2013 to enable investors to access disaggregated exposure to high grade fixed income and now manages A$5 billion on behalf of superannuation funds, wholesale and retail investors (as at 31 October 2021). The most recent strategy − a global absolute return high grade fixed income strategy – is performing well despite the wider negative headline performance numbers of bonds and has amassed A$500m in funds under management in a short time, since its inception in December 2019. In addition to its Melbourne investment team, Deputy Chief Investment Officer Kate Samranvedhya, and Assistant Portfolio Manager Ben Wang reside in its Singapore office. Jamieson Coote Bonds is backed by non-investment services partner Channel Capital.

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Charles Jamieson

The CC JCB Global Bond Fund (Fund) managed by specialist high grade bond manager Jamieson Coote Bonds (JCB), has been added to Macquarie Investment Manager/Consolidator, Macquarie Super Manager/Consolidator and HUB24 (IDPS and Super) menus, broadening the access to JCB’s global sovereign bond strategy.

Co-Founder and Chief Operating Officer Angus Coote said “We have seen the demand from advisers for this strategy increase due to the risk-off environment created through the ongoing trade tensions and geopolitical flares, the prospect of low to negative interest rates remaining, and a weak Australian dollar (AUD). These themes in combination are providing negatively correlated returns for portfolios in our Unhedged Global Bond strategy that has delivered a return after fees and costs of 14.92% p.a., and 7.45% p.a. (as at 31 August 2019) for our Hedged Global Bond strategy, since inception on 26 February 2019.”

“The Fund is designed to give investors global diversification within their fixed income allocation and can complement domestic risk asset exposures by helping to improve risk-adjusted returns, particularly at this time of uncertainty, where liquidity and transparency are key.” Mr Coote said.

The Fund provides a highly defensive allocation across the G7 Governments and offers both currency hedged (Class A) and unhedged (Class B) classes, giving investors the flexibility to switch between $AUD hedged (to $USD), and $AUD unhedged, at no additional cost.

The Fund is also available on the following supporting platforms; Asgard, Ausmaq, Australian Money Market, BT Wrap and BT Panorama, Mason Stevens, Netwealth (IDPS), Praemium and Powerwrap.

The Fund is managed by Chief Investment Officer, Charlie Jamieson and Deputy CIO Kate Samranvedhya, based in Singapore. Jamieson Coote Bonds currently has A$4 billion of assets under management for both institutional and retail investors.

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Kate Samranvedhya

Jamieson Coote Bonds (JCB), specialist high grade bond manager, has hired ex Hong Kong Monetary Authority portfolio manager, Duangjai (Kate) Samranvedhya as its new Deputy Chief Investment Officer.

Kate will provide input into the management of the domestic high grade bond strategy as well as manage JCB’s global strategy.

JCB Executive Director and Chief Investment Officer, Charlie Jamieson said: “We are delighted to have Kate on board at a time where investors are demanding highly skilled managers who can generate defensive returns, both in domestic and global markets. Kate’s significant experience and skill in managing high grade bonds will only add greater depth to our team and process. We have reached a size now where we can expand our presence, and with Kate on board, have opened an office in Singapore where we intend to build on our local team in Asia.”

Since 2000, Kate has been a career portfolio manager and investment specialist with two large Central Banks in Asia. She specialises in foreign reserve and high grade bond portfolio management across all major global regions.

Commenting on the appointment, Deputy Chief Investment Officer Kate Samranvedhya said “I’m tremendously excited to join JCB. I’ve known Charlie Jamieson and Angus Coote (the founders) for a long time and I share their vision of offering high-quality, highly liquid duration investment strategies to the Australian market. My expertise in managing very large sovereign portfolios across global markets will compliment and add value to the JCB team. We aim to be best in class when people look for a rates and duration fund manager.”

Kate began her career at the Bank of Thailand, the central bank, in investment risk management, and pioneered a balance sheet risk management approach linked to how a central bank conducts its monetary policy and the impact to its balance sheet. From 2007, Kate transitioned into portfolio management, focusing on high grade bonds and managed fixed income portfolios through the GFC. In 2010, she moved to Hong Kong to join the Hong Kong Monetary Authority as a portfolio manager, specialising in rates and cross-country bond allocation.

JCB intends to build on its local team in Asia and its global investment capabilities. JCB currently manages A$1.3 billion of assets for both institutional and retail investors.

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