# Mirrabooka Investments

Mirrabooka Investments is an Asset Manager based in Melbourne, Australia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Melbourne, Australia
- **Region:** Oceania
- **Address:** Melbourne, Australia
- **Founded:** 1999
- **Assets under management:** $746.9M
- **Website:** www.mirra.com.au
- **LinkedIn:** https://www.linkedin.com/company/mirrabooka-investments
- **Wikidata:** Q109627050

## Regulatory record

- **Reports private funds:** No

## About

Mirrabooka Investments invests in small and medium-sized companies in Australia and New Zealand. The company manages diversified portfolios for medium to long-term investment gains and dividend returns. Founded in 1999, Mirrabooka Investments is based in Melbourne, Australia.

## People

- Mark Freeman — Managing Director
- Greg Richards — Chairman of the Board

## Questions

### Who runs investment decisions at Mirrabooka Investments?

Mark Freeman serves as Managing Director and leads the investment team across the AFIC group of listed investment companies, including Mirrabooka. He is supported by an internal research team at Australian Investment Company Services (AICS), the manager for Mirrabooka, AFIC, Djerriwarrh, and AMCIL. The Board, chaired by Greg Richards, provides oversight rather than day-to-day portfolio decisions.

### How is Mirrabooka different from its sister LICs like AFIC or AMCIL?

Mirrabooka targets smaller companies outside the large-cap S&P/ASX 50 index, whereas AFIC focuses on large-cap Australian equities with some international exposure. Djerriwarrh uses an options-writing strategy to enhance income, and AMCIL concentrates on smaller-to-mid-cap industrials. Each LIC serves a distinct mandate despite sharing the same manager, AICS.

### Does Mirrabooka invest in private companies or venture capital?

No. Mirrabooka invests exclusively in publicly listed Australian and New Zealand equities, with a focus on small and mid-cap companies. The firm does not make venture capital, private equity, or unlisted direct investments.

### What fee structure does Mirrabooka use?

Mirrabooka pays a management fee to AICS, which is capped as a percentage of market capitalization rather than assets under management. This flat fee structure, written into the company's constitution, prevents expense growth from eroding shareholder returns as the portfolio appreciates — a feature uncommon among Australian LICs.

### How are franking credits handled for Mirrabooka shareholders?

Mirrabooka passes through franking credits received from its Australian equity holdings to shareholders via fully franked dividends. This is a key attraction for Australian-resident investors, as franking credits provide tax offsets that can enhance after-tax returns relative to unfranked foreign investments.

## Related profiles

- [Miro Ventures](https://altss.com/profile/miro-ventures)
- [Mirror Partners](https://altss.com/profile/mirror-partners)

---

Updated: 2026-07-08T22:43:21.729Z

Canonical page: https://altss.com/profile/mirrabooka-investments

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology