Private Equity

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Nightingale Partners

Nightingale Partners is one of Australia's leading and most unique private equity firms. Implementing a patient approach to investing, taking the time to...

Nightingale Partners logo

Nightingale Partners

Nightingale Partners is one of Australia's leading and most unique private equity firms. Implementing a patient approach to investing, taking the time to select and back the right people long term.

General information

Firm type

Private Equity

Year founded

1985

AUM

Undisclosed

Location

Region

Oceania

Country

Australia

City

Sydney

Corporate office

Level 3, 22 Market Street, Sydney NSW 2000, Australia

Additional offices

Hong Kong

Principals

Lindsay Phillips

Chairman & Managing Director

Alexander Zaininger

Non-Executive Director

Daniel Barrins

Consultant - Hong Kong

Matthew Phillips

Investment Manager

Francisco Dias Costa

Investment Manager

David Falk

Investment Manager

Sector focus

Enterprise SoftwareFinTechHealthcare ServicesIndustrial TechMedia & EntertainmentMobility & Transportation

Frequently asked questions

Who runs investment decisions at Nightingale Partners?

Chairman and Managing Director Lindsay Phillips leads investment decisions, with input from the Nightingale Investment Committee — which includes consultant Daniel Barrins. Phillips has over 30 years in private equity and previously ran Lazard Australia Private Equity. The firm’s lean senior team and concentrated portfolio mean that Phillips and his partners are closely involved in every holding.

How does Nightingale Partners source proprietary deal flow?

Sourcing relies on the networks of Lindsay Phillips and non-executive director Alexander Zaininger — both have decades of corporate and advisory relationships across Australia, the UK, and Europe. The firm also draws on the operating backgrounds of its investment managers, including Matthew Phillips’s CEO and fintech scaling experience and Daniel Barrins’s legal and consulting contacts across Asia-Pacific. Nightingale emphasizes a patient, relationship-driven approach rather than auction processes.

Is Nightingale Partners structured as a traditional private equity fund?

No — Nightingale Partners does not market closed-end fund vintages and does not appear to operate under standard LP redemption timelines. Its permanent-capital posture and indefinite-hold mandate, where the majority of portfolio company boards are chaired by firm partners, makes it structurally closer to a patient-family-office investment arm than a traditional institutional fund manager.

What investment stages does Nightingale Partners typically target?

The firm targets expansion and late-stage private companies, though it also has early-stage exposures — Control Bionics, for example, has been a partner since 2005, predating its later commercialization phase. Instruments span equity, convertible notes, and debt, allowing the firm to structure initial positions flexibly and support growth-stage capital needs without fund-life constraints.

Which sectors does Nightingale Partners explicitly avoid?

Nightingale Partners does not publicly list excluded sectors. The portfolio reveals a bias toward industrial technology, branded consumer goods, assistive healthcare, and digital learning. There is no evidence of exposure to extractive industries, real estate development, or financial services infrastructure, suggesting a deliberate focus on operator-led businesses with tangible products or recurring service models.

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