McGrath will work across Mirae Asset’s Alternatives Investments portfolio which specialises in real estate, infrastructure, private debt and venture capital. This includes stakes in the Victorian Desalination Plant, Eastlink and the Four Seasons Hotel in Sydney.

McGrath will report to Head of Alternative Investments, Luke Gersbach.

McGrath will lead Mirae Asset’s Australian venture capital activities, with Mirae Asset currently closing its first Australian focused fund.

McGrath brings over 10 years’ experience in investment banking, venture capital and private credit to the role. He joins Mirae Asset from OneVentures, where he completed a range of venture capital and venture debt investments over the past 6-years. This includes being one of the first investors in Employment Hero, which won the AIC’s 2022 VC Deal of the Year. Other notable investments include Zoomo, Eucalyptus, InDebted, Shippit and Phocas.  McGrath has also previously held roles with Allier Capital and Citi.

Luke Gersbach, Head of Alternative Investments says he is delighted to welcome McGrath to Mirae Asset Global Investments.

“We are pleased to welcome James to Mirae Asset. The expansion of our alternatives team, with a focus on venture capital, expresses our commitment to supporting Australia’s start-up landscape,” Mr Gersbach said.

Globally, Mirae Asset Financial Group is a major player in venture capital with $2.5b in FUM, including investments in DiDi, Impossible Foods and Zomato.

Most recently in August 2022 they led a US$250M round into Elon Musk’s SpaceX. Australian venture capital investments include web3 platforms Immutable X and Animoca Brands.

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