Street Talk

Staude Capital goes it alone for LIC capital raising

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 17, 2025 – 2.02pm

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Emma Davidson and Miles Staude, whose 11-year-old firm Staude Capital manages the ASX-listed Global Value Fund, have taken it upon themselves to raise fresh capital.

Street Talk understands the husband-and-wife duo, aka lead manager, launched a wholesale placement on Tuesday morning to raise between $10 million and $15 million. Placement shares will be issued at $1.34, a 0.4 per cent discount to the last closing price.

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.