# Scarcity Partners

Scarcity Partners is a Private Equity based in Sydney, Australia.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** Sydney, Australia
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** scarcitypartners.com
- **LinkedIn:** https://www.linkedin.com/company/scarcity-partners

## Regulatory record

- **Reports private funds:** No

## About

Scarcity Partners is a private equity firm based in Sydney, Australia. It focuses on growth investments and manages $42.72 million in assets. The firm has 8 staff, including 6 investment professionals.

## Sectors

- Private Equity

## People

- Jason Sibthorpe — Founding Partner
- Adrian Whittingham — Founding Partner

## Questions

### Who runs investment decisions at Scarcity Partners?

Founding partners Jason Sibthorpe and Adrian Whittingham jointly lead the firm and its investment committee. Sibthorpe previously served as Managing Director at Aviva Investors, while Whittingham held senior distribution and strategy roles at Schroders. Their combined institutional networks anchor deal origination and manager due diligence.

### How does Scarcity Partners source deals differently from a fund-of-funds?

Scarcity does not invest as a limited partner in funds. It originates GP-stake transactions directly with boutique asset management founders, often via proprietary institutional relationships. Because the firm provides permanent equity capital to the management company itself, it competes more with private equity minority-investing strategies than with traditional fund allocators.

### Does Scarcity Partners invest in the underlying portfolio companies of its GPs?

No. Scarcity's capital is deployed only into the GP entity, giving it a claim on management fees and carried interest across the entire fund complex. This structure avoids direct portfolio-company risk and the capital-call unpredictability of fund commitments, while capturing enterprise-value appreciation of the asset manager itself.

### How is Scarcity Partners' debut fund structured?

The inaugural fund is a closed-end vehicle targeting a portfolio of 8 to 12 GP-stake investments. As of 2024, the firm was actively marketing the fund to institutional investors and family offices and had completed at least one anchor investment, though specific fund size and deployment figures have not been publicly disclosed.

### What is Scarcity Partners' geographic focus?

The firm concentrates on Australia and New Zealand as its core market, with a secondary mandate for select Asia-Pacific managers. This regional specialization reflects the founders' institutional relationships and the relatively low penetration of GP-stake M&A in the region compared to the US and Europe.

## Related profiles

- [Scarborough Capital Management](https://altss.com/profile/scarborough-capital-management)
- [Scare the Bear Capital](https://altss.com/profile/scare-the-bear-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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