Private Equity

Updated:

Yarra Capital Management

Yarra Capital Management, chaired by Dion Hershan, runs ~A$20B in active Australian equity, fixed income, and multi-asset strategies from Melbourne.

Yarra Capital Management

Yarra Capital Management

Yarra Capital Management operates as an independent Australian fund manager, co-owned by its senior investment professionals alongside minority stakeholders TA Associates and Amova AM. The firm runs active strategies across Australian equities, fixed income, and multi-asset portfolios from its Melbourne headquarters, with an additional office in Sydney. The investment team constructs style-neutral, research-driven portfolios spanning micro caps to large caps, with a parallel fixed-income capability that has delivered above-index income for two decades through its Enhanced Income Fund. Yarra also partners with Goldman Sachs Asset Management, Amova AM, and ARK Invest to offer specialist global equity strategies to Australian investors. The research process is intensive — teams conduct over 2,500 meetings annually with corporate management, supply-chain participants, and industry experts to build what the firm calls a 360-degree understanding of holdings. The group employs more than 70 professionals, including roughly 30 investment specialists with an average 19 years of industry tenure. The firm’s 2025 Sustainability Report was published on its website, and commentary on Australia’s energy transition and AI-driven small-cap research has featured in recent thought leadership. Yarra services over 5,000 clients, and its corporate board includes directors from TA Associates and Amova AM, alongside a senior adviser based in Japan. Yarra’s partnership structure separates it from institutionally owned Australian asset managers: the investment team holds equity in the firm, aligning portfolio decisions with long-term client outcomes. A dual-board architecture — a Corporate Board and a Responsible Entity Board — adds a governance layer not universal among boutiques of this size.

General information

Firm type

Private Equity

Year founded

AUM

A$20B (per firm website, 2025)

Location

Region

Oceania

Country

Australia

City

Melbourne

Corporate office

Level 19, 101 Collins Street, Melbourne VIC 3000, Australia

Additional offices

Sydney, Australia

Principals

Dion Hershan

Chairman and Head of Australian Equities

Nick Pringle

Managing Director

Grant Hassall

Co-Head of Australian Fixed Income

Simon Mather

Head of Australian Equities Research

Sector focus

Australian EquitiesFixed IncomeMulti-AssetGlobal Equities

Frequently asked questions

Who runs investment decisions at Yarra Capital Management?

Australian equities are led by Chairman and Head of Australian Equities Dion Hershan and Head of Research Simon Mather. Fixed-income and multi-asset strategies are overseen by Co-Head of Australian Fixed Income Grant Hassall. The investment team of roughly 30 professionals operates with an average 19 years of industry experience and owns equity in the firm.

Does Yarra Capital Management invest in private markets?

The firm's website references 'private market opportunities' within its Australian equities description, but its disclosed capabilities center on listed equities, fixed income, and multi-asset portfolios. No dedicated private-market fund vehicle is detailed in current materials.

How is Yarra Capital Management owned and governed?

Senior investment professionals are part-owners of the business, with minority stakes held by TA Associates and Amova AM. Governance sits across two boards — a Corporate Board and a Responsible Entity Board — with directors drawn from leadership, TA Associates, Amova AM, and external industry experts.

Which global managers does Yarra partner with for international equity exposure?

Yarra partners with Goldman Sachs Asset Management, Amova AM, and ARK Invest to offer Australian investors access to global equity strategies. These relationships provide high-conviction growth and innovation-oriented portfolios alongside Yarra’s domestic capabilities.

What is the scale and tenure of the investment team?

The firm employs more than 70 professionals, including roughly 30 investment specialists. Team members average 19 years of industry experience. The firm states it conducts over 2,500 meetings annually with corporates, supply chains, and industry experts to inform portfolio construction.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on family offices?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo