Gilbert + Tobin has advised Australian private equity firm Allegro Funds on the establishment and first closing of Allegro Fund IV. The Fund has doubled capital commitments from the previous fund, receiving approximately $600 million of capital commitments from a mix of domestic and international investors.
Founded in Australia in 2004, Allegro is Australasia’s largest transformation and turnaround private equity firm. Allegro provides Transformational Capital – applying capital, expertise and a distinctly hands-on approach to invest in businesses and reposition them for sustained long term growth.
The G+T team was led by Investment Funds partner Nathan Cahill, with support from lawyers Michael Mellon, Nick Schaefer, Alisa Chak, Logan O’Brien, and Jackson Kang.
Nathan said: “It has been great to work with Allegro since their inception and see them evolve into a world sought-after manager.”
Gilbert + Tobin’s market-leading Investment Funds team regularly advises on many of Australia’s largest and most innovative fund transactions, including creating Australia’s first leading ASX listed credit fund (Metrics Credit), the first residential property platform (BrickX), the first stapled ESVCLP and successfully defending ground breaking ASIC prosecutions (ASIC v BT Financial Group re advice).