Corrs helps IP Group forge novel co-investment structure in Australia

The structure opens the door for supers, and potentially millions of their members, to gain access to new investment opportunities

Corrs helps IP Group forge novel co-investment structure in Australia

Corrs Chambers Westgarth has helped a UK-headquartered IP investor structure a novel co-investment vehicle with a major Australian superannuation fund.

The independent firm acted for IP Group Plc on the formation of its joint investment vehicle with Hostplus. Called the IP Group Hostplus Innovation Fund, it is IP Group’s first Australian institutional mandate focused on the life-sciences and technology sectors.

The fund has made its first investment, which is worth $27.5m, in Oxford Nanopore Technologies, which makes MinION, the world’s only portable and real-time DNA/RNA sequencer.

Most Read

“The innovative co-investment structure is an efficient way for superannuation funds (and potentially millions of underlying members) to gain access to growth opportunities in the healthcare, technology, cleantech and biotech sectors,” said Corrs partner Fadi Khoury.

“It is exciting to see sophisticated investor capital partnering with astute global management talent to fund life changing technology,” he said.

Khoury, who was brought in by Corrs in late 2017 from Norton Rose Fulbright, led the firm’s team on the deal. He was supported by financial services partner Michael Chaaya and lawyer Magan Goh.


Recent articles & video

Ashurst, Sullivan & Cromwell guide Alcoa Corp acquisition of Alumina Limited

KWM snags Clayton Utz partner for ERS practice

Federal Court denies Medibank's request to restrain Australian Information Commissioner

Search for the best specialised law firms

Addisons corporate star commences with Keypoint Law

CIE Legal partner on lawyers needing to chill out

Most Read Articles

DLA Piper guides $9bn cross-border acquisition

Ashurst lures Corrs gender equality head

Gadens adds five partners in Melbourne, Sydney

Women’s Legal Services Australia executive officer on why gender inequality is still a challenge