Pacific Current Group

Pacific Current takes permanent equity stakes in boutique investment managers, using its own balance-sheet capital rather than committing from a third-party fund. The firm structures bespoke economic arrangements — typically a share of management fees and carried interest — and aims to hold these positions indefinitely. This creates an alignment structure where Pacific Current benefits from the long-term growth of each affiliate rather than from short-term transaction fees.

Pacific Current targets specialist investment boutiques across private equity, real assets, private credit, and alternative strategies. The firm's current portfolio includes managers such as Pennybacker Capital Management (real estate private equity), Victory Park Capital Advisors (private credit), and Astarte Capital Partners (real assets). The group is diversified across investment strategy, geography, and revenue model.

Neither. Pacific Current is a multi-boutique asset management holding company that takes equity ownership stakes in the management companies themselves, not in their underlying funds. It earns revenue through its share of the affiliated managers' fee income and performance fees, which provides a different return stream than investing as a limited partner in funds.

Pacific Current is a publicly traded company listed on the Australian Securities Exchange under the ticker PAC, giving it access to permanent equity capital. The firm has not disclosed a specific pool of dedicated investment dollars; it deploys its corporate balance sheet to acquire and seed partnerships with boutique managers, making its capital base effectively permanent and not subject to investor redemptions.

Pacific Current maintains corporate offices in Tacoma, Washington, Sydney, Australia, and Denver, Colorado. Its eight boutique affiliates extend the group's operational reach to the United Kingdom, with Astarte Capital Partners and Northern Lights Alternative Advisors based in London, and to Tampa, Florida, home to Independent Financial Partners Group. This gives the firm exposure to manager ecosystems in North America, Europe, and Australia.