Private Equity

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Perennial Partners

Perennial Partners is a specialist investment management firm that owns equity in its funds and aligns interests with key staff and clients. The firm has made...

Perennial Partners logo

Perennial Partners

Perennial Partners is a specialist investment management firm that owns equity in its funds and aligns interests with key staff and clients. The firm has made 43 investments, including a Corporate Minority investment in Balmoral Investors on November 10, 2025. Perennial Partners has 2 portfolio exits, with the most recent being Ento on September 28, 2022.

General information

Firm type

Private Equity

Year founded

2004

AUM

Undisclosed

Location

Region

Oceania

Country

Australia

City

Sydney

Corporate office

Level 27, 88 Phillip Street, Sydney NSW 2000, Australia

Additional offices

Melbourne, Australia · Brisbane, Australia

Principals

Cesar Farfan

Head of Distribution

Abdul Elhage

Director, Institutional Sales

Marjon Crandall

Head of Researcher and Consultant Relationships

Scott Curtis

Director – Private Wealth and Family Office

Karl Linder

Regional Manager – Southern States

David Whitby

Senior Investment Specialist

Vlad Laevsky

Investment Specialist (QLD)

Sam Harris

Investment Specialist (NSW)

Sector focus

Enterprise SoftwareHealthcare ServicesFinancial ServicesReal EstateEnergy Transition & Renewables

Frequently asked questions

How is Perennial Partners structured — is it a single firm or a collection of boutiques?

Perennial operates as a holding company for specialist investment teams, each run as an executive-owned boutique. Teams like Perennial Value, Daintree Capital, and Fairlight Asset Management manage their own portfolios with autonomy, while Perennial provides shared distribution, compliance, and back-office infrastructure. This multi-affiliate model is designed to keep portfolio managers directly exposed to the performance of their strategies through co-investment and equity ownership.

Who runs investment decisions at Perennial Partners?

Investment decisions sit with the portfolio managers leading each specialist team. Perennial does not promote a single CIO overseeing all strategies. The public website names Abdul Elhage as Director of Institutional Sales and Scott Curtis as Director of Private Wealth and Family Office, but ultimate investment authority rests with the individual boutique heads who run their own books.

Does Perennial Partners operate any private-market strategies, or is it exclusively public equities?

Perennial Private Investments manages a Private to Public Opportunities Fund that invests in expansion, growth, and pre-IPO companies, often bridging private rounds and eventual ASX listings. Alongside this, the firm runs public-equity strategies across Australian small-cap, value, and large-cap mandates, plus absolute-return fixed income through Daintree Capital and ESG-focused equities through Perennial Better Future.

What investment stages does Perennial's Private to Public Opportunities Fund target?

The fund targets expansion and late-stage growth companies approaching a public listing, in addition to pre-IPO rounds. Perennial specifically flags the strategy as accessible only to wholesale and institutional investors under the Corporations Act 2001. Sector emphasis skews toward enterprise software, healthcare, and industrial technology, consistent with the firm's broader Australian small-cap research.

How does Perennial Partners source proprietary deal flow?

Perennial draws on its multi-boutique research platform — one of the largest dedicated small- and micro-cap teams in Australian equities — to build origination pipelines for the Private to Public Opportunities Fund. A thematic research note in April 2026 on supply-chain sovereignty (per Perennial Partners, April 2026) signals that industrial and technology company sourcing leans on the firm's domestic small-cap coverage, potentially generating private-investment leads from public-market research relationships.

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