For Accredited Investors Only as defined in the Monetary Authority of Singapore Securities and Futures Act (Cap. 289) and its subsidiary legislation. For Professional Investors Only as defined in the Securities and Futures Ordinance (Cap 571, Laws of Hong Kong) and its subsidiary legislation.
KEY POINTS:
- Strategic Partnership with a ASX listed company, Auctus with similar business model
- Auctus to acquire an initial 9.9% stake in Odyssey Group
- Auctus has the option to increase their stake to 100% over the next 2 years subject to regulators’ required approvals
Odyssey Group Limited (‘Odyssey’) is pleased to announce the strategic partnership with Auctus Investment Group Limited (‘Auctus’). Auctus has agreed to an initial investment of US$500K (made out in cash) for a 9.9% stake in Odyssey Group with the option to increase their ownership in the next 2 years subject to regulators’ required approvals. The initial investment will be used for working capital as Odyssey continues to expand its distributions across Asia.
Odyssey Group Limited (‘Odyssey’) was founded in 2016 and is one of Asia’s leading private market asset managers. Odyssey aims to seek out undervalued investment opportunities across multiple asset classes including private real estate, alternative credit and private equity, to co-invest with its clients.
Auctus Investment Group Limited (‘Auctus’) is an ASX listed (AVC:AU) global investment manager with in-excess of A$320M Assets Under Management (AUM), focusing on opportunities across private equity, infrastructure and private real estate. Auctus provides access to these private market investments for wholesale, Family Office and sophisticated investors.
Odyssey Co-Founder and CEO, Alex Walker said “Odyssey has been seeking the right strategic investor for the past 12months and I believe we have found this in Auctus. Both companies share an entrepreneurial mindset and a keen focus on delivering value to our clients. The Odyssey team and I look forward to working with the Auctus team to further tap into the High Net Worth individuals and Family Offices across Asia Pacific region, as well co-investing into attractive investment opportunities that Asia has to offer. It is worth noting, according to UBS, APAC held the highest proportion of ultra-high net worth individuals at 38% with a total net wealth of US$3.3 trillion as compared to 762 (35%) across the Americas and 596 (27%) in Europe, the Middle East and Africa (EMEA). Furthermore, Bain’s Asia Pacific Private Equity Report stated the lack of accessibility of quality private investments in Asia has contributed to unspent capital hitting record highs in 2019”.
Odyssey and Auctus are excited about the partnership due to their similar business models in sourcing undervalued private market investment opportunities and the rising trend of HNW individuals and institutions increasing their asset allocation into private markets in the Asia Pacific region.
The partnership will provide Odyssey with expansionary capital to focus on increasing distribution capabilities and product roll-out across the region. Auctus will gain Odyssey’s AUM of over US$175 million, network, team, and product distribution channels.
Auctus Managing Director, Campbell McComb said “We have high conviction about the outlook of Asian investors’ appetite for private market investments due to limited supply and increasing allocations. We look forward to working with Alex, Dan and the Odyssey team.”
Odyssey Co-Founder and President, Dan Vovil further added “according to PwC’s 2025 Asia-Pacific Report, Asian investors are looking to increase their allocation to private market investments, with growth expected to increase from the market size from US$2.7 trillion in 2017 to US$6.9 trillion in 2025, a CAGR of 11.7%. With this high level of growing demand for private market investment opportunities in Asia and our combined footprint with Auctus, this will provide a superior platform for providing Asian investors access to unique private market products”.
For press enquiries, please contact:
James Wheeler
Managing Director – Head of Distribution
press@odyssey-grp.com
www.odyssey-grp.com
www.auctusinvest.com