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The Growth Fund

The Growth Fund is a mid-market private equity firm investing in Australian and New Zealand businesses. It has made 13 investments, including Ashford...

Overview

The Growth Fund is a mid-market private equity firm investing in Australian and New Zealand businesses. It has made 13 investments, including Ashford Orthodontics in July 2022. The firm has 2 portfolio exits, with Woomio exiting in December 2024.

General information

Firm type

Private Equity

Year founded

2011

Location

Region

Oceania

Country

Australia

City

Sydney

Corporate office

Sydney, Australia

Sector focus

Enterprise SoftwareHealthcare ServicesIndustrial TechFinTech

Frequently asked questions

What investment structures does The Growth Fund use?

The firm operates across buyouts, management buy-outs, management buy-ins, expansion and late-stage growth capital, public-to-private transactions, and succession-driven deals. This range allows it to enter companies through multiple doorways—acquiring from a retiring founder, backing an incoming management team, or taking a listed company private—rather than being constrained to a single transaction type. Investors should view this as a flexible mandate optimized for ownership transitions, not a narrow buyout fund.

Which sectors does The Growth Fund target?

The firm invests across enterprise software, healthcare services, industrial technology, and fintech, according to its disclosed strategy. These four verticals reflect a mix of recurring-revenue businesses (software, fintech) and operationally intensive sectors (healthcare services, industrial tech). The absence of resource or property exposure distinguishes it from many Australian private capital peers that lean heavily on mining, energy, and real estate.

Who runs investment decisions at The Growth Fund?

The firm has not publicly identified its investment committee, partners, or principals. For a vehicle that structures succession-liquidity transactions—where personal trust between the buyer and the exiting founder often determines whether a deal closes—the absence of named leadership in public records is notable. Due diligence should establish who controls investment decisions and what operational experience that team brings to post-acquisition governance.

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