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Salter Brothers Series H (AFOF) Fund
Salter Brothers Series H is an Australian venture fund-of-funds, pooling commitments to multiple VC managers from a Melbourne-based alternatives platform.
Salter Brothers Series H (AFOF) Fund
The Salter Brothers Series H (AFOF) Fund is an Australian-domiciled vehicle that functions as an access fund-of-funds, committing capital to a curated portfolio of venture capital managers. It sits within the broader Salter Brothers group, a Melbourne-based alternatives manager with strategies spanning equities, credit, property, and private markets. The Series H designation signals a sequential fund in a product line that has been offered to Australian wholesale and institutional investors over multiple vintages. As an Australian-focused fund-of-funds, the vehicle writes commitments into VC funds rather than making direct company investments. Underlying exposure typically spans seed to growth-stage venture, with underlying managers selected across sectors including enterprise software, fintech, and deep tech — consistent with the Australian VC landscape's concentration in these areas. Geographic coverage is predominantly domestic, with potential limited exposure to New Zealand and select Southeast Asian managers. The structure is designed to diversify vintage risk and manager-selection risk across a single commitment. The Salter Brothers group operates from its Melbourne headquarters, with its private markets arm managing fund-of-fund series alongside direct co-investment and real asset strategies. Public records confirm the firm's regulated status under the Australian Securities and Investments Commission (ASIC), holding an Australian Financial Services Licence. Specific team size for the Series H fund is not publicly itemized; the broader group's investment team number is not disclosed in accessible regulatory filings. What distinguishes the Series H AFOF structure is its sequenced pooling design within a multi-asset manager — not a standalone VC platform, but a product line embedded in a diversified alternatives firm. This architecture gives underlying VC managers a recurring, committed LP across vintages, while Series H investors gain multi-manager venture exposure through a single subscription rather than committing to individual fund managers at varying minimums.
General information
Firm type
Generic
Year founded
—
AUM
Undisclosed
Location
Region
Oceania
Country
Australia
City
Melbourne
Corporate office
Melbourne, VIC, Australia
Sector focus
Frequently asked questions
How does the Series H fund structure work?
Series H operates as an Australian fund-of-funds, committing capital to a portfolio of underlying venture capital managers rather than investing directly in startups. Investors gain diversified VC exposure through a single subscription, with manager selection, vintage allocation, and ongoing monitoring handled by Salter Brothers' investment team. This sequential series model has been used across multiple prior vintages under the Salter Brothers brand.
Does Series H invest directly in companies or only through fund commitments?
The fund's primary mandate is fund commitments to underlying VC managers. It does not pursue direct startup investments or co-investments as a core activity. Investors receive exposure to portfolios that underlying managers construct, with the fund-of-funds layer focused on manager selection, diversification, and portfolio construction.
What types of underlying VC managers does Series H target?
Target managers typically span seed to growth-stage venture across the Australian ecosystem, with potential allocations to New Zealand and Southeast Asia. Sector focus mirrors the Australian VC landscape — enterprise software, fintech, deep tech, and related technology verticals. Specific manager names and allocations within Series H are not publicly itemized.
How is Series H related to the broader Salter Brothers group?
The fund is a product line within Salter Brothers, a Melbourne-based alternatives manager operating under an ASIC-issued Australian Financial Services Licence. The group manages strategies across equities, credit, property, and private markets, with Series H representing one specific vintage and strategy within the private markets division.
Who makes the manager selection decisions for Series H?
Manager selection is executed by Salter Brothers' private markets investment team in Melbourne, though individual decision-makers are not publicly named in relation to this specific fund series. The group's broader leadership is disclosed in ASIC regulatory filings, and investment decisions operate within the firm's licensed governance structure.
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