Street Talk

High-profile Perth fund manager freezes redemptions

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 12, 2024 – 7.07pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Perth-based fund manager Merchant Funds has become the latest in a long list of funds to freeze redemptions as its pre-IPO investments stay private for longer and liquidity dries up in its listed investments.

Andrew Chapman established Merchant Group in 2011. AFR

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.