US PE firm Launches Australian Fund
US-based alternative private equity player that counts the $92 billion Future Fund among its investors, Harbert Management Corporation, is launching a new Australian fund with plans to raise up to $150 million.
The company wants to buy stakes in small businesses.
Among its investments have been the locally based Emeis Holdings cosmetic company, which operates under the brand Aesop.
Harbert sold a 65 per cent interest in that business a year ago to Brazilian giant Natura Cosmeticos for $US71.6m.
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