Kilara Capital

Kilara Capital

Kilara Capital was founded in 2017 by members of the Liberman and Smorgon families. Cassy Liberman oversees the Liberman side through LJCB Investment Group. Ben Krasnostein, a third-generation Smorgon family member, manages overall strategy and the Kilara Growth Fund investment committee. The firm allocates across private equity, utility-scale renewables and industrial infrastructure. It commits capital via direct co-investments and SPVs. Confirmed holdings include the Wilan Wind Farm and commercial properties at 127 Collins Street and 644 Chapel Street in Melbourne. Geographic focus remains Australia with selective exposure to global supply chains that support decarbonisation. Kilara partners with Mirova and the Clean Energy Finance Corporation on climate deals such as JET Charge. Kilara maintains three operating lines: private equity through the KSB Transition Fund, energy project development and infrastructure solutions. The team numbers more than twenty professionals with backgrounds in finance, engineering and impact measurement. In June 2022 the Kilara Growth Fund reached final close and deployed all committed capital. The KSB joint venture with Salter Brothers now oversees more than $4.5 billion across ten funds and employs over 150 staff. Kilara operates as a hybrid vehicle that combines family capital with third-party mandates. Its governance ties investment decisions directly to the founding families while maintaining separate philanthropic structures such as the Lee Liberman Foundation.