A group of high profile Australian entrepreneurs including iiNet founder Michael Malone have joined new investment syndicate TEN13, which will invest in early stage deals alongside Steve Baxter's family fund Transition Level Investments (TLI).
The co-investment vehicle is being led by Stew Glynn, who first joined TLI in 2016. In a few months, it has amassed about 80 investors with plans to grow this to a few hundred within 18 months.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
