An investment fund that counts U2 lead singer Bono as a director and is managed by private equity giant TPG is seeking to make its first Australian investment.
Street Talk can reveal The Rise Fund is in advanced due diligence to join a heavyweight consortium that is bidding for a multi billion dollar government contract which, if successful, could create a $1 billion-plus listed company that would trade on the Australian Securities Exchange.
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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. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au