Street Talk

PM Capital first bid for Platinum funds eight months ago: sources

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 27, 2025 – 6.11pm

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PM Capital Global Opportunities Fund confirmed Street Talk’s report on Thursday that it had made non-binding indicative proposals to acquire two Platinum Asset Management controlled funds.

This column can now reveal this isn’t the first time PM Capital (PGF) has lobbed a proposal.

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.