Our funds
/ Retail / WholesaleThe Regal Partners Private Fund aims to generate attractive risk adjusted absolute returns by investing in a range of Regal’s high performing alternative investment strategies. It is intended that the investment strategies will be highly diversified, with capital allocated across long / short equities, private credit, resources royalties, unlisted and pre-IPO investments, and other uncorrelated asset classes.
The Fund is grounded in the belief that a diversified portfolio, investing across a range of alternative asset classes and investment strategies, is key to achieving superior risk adjusted returns over the long term. Accessing a diversified range of alternative strategies via one investment vehicle is difficult, requiring scale, access, investment expertise and an institutional grade platform.
The Fund is open to applications and redemptions monthly and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.
The strategy can be accessed via an Australian unit trust or a USD Cayman vehicle.3,5
ASX-listed Regal Investment Fund provides investors with an exposure to a selection of alternative investment strategies managed across Regal, with an objective to produce attractive risk-adjusted absolute returns over a period of more than five years with limited correlation to equity markets.
RF1 is invested across nine alternative investment strategies, covering long/short equities, private markets, water, resources royalties and private credit.
Equity Trustees Limited (ACN 004 031 298, AFSL 240975) is the responsible entity and Regal Partners Funds Management Pty Limited (ACN 610 797 138) is the investment manager of the Fund.
Regal Asian Investments Limited (ASX:RG8, formerly ASX:VG8) provides investors with access to an actively-managed, concentrated portfolio, comprising long investments and short positions in Asian listed securities. It may also take positions in other companies with significant exposure to the Asian market. RG8 will typically invest in 15-30 long investments. The portfolio is actively managed by Regal Funds Management (a Regal Partners Limited business). Utilising a fundamental, bottom-up investment approach, the portfolio leverages Regal’s extensive experience, network and specialist investment team. RG8 listed on the ASX on 13 November 2019.
RG8 (ASX:RG8) is an ASX-listed investment company managed by Regal Partners Funds Management Pty Limited.
Regal Partners Global Investments Limited (ASX:RG1, formerly ASX:VG1) provides investors with access to a concentrated portfolio, comprising long investments and short positions in global listed securities. RG1 will typically invest in 20-40 long investments. Utilising a fundamental, bottom-up investment approach, the portfolio leverages the extensive experience, network and specialist investment team of Regal Partners Limited, the Investment Manager. RG1 listed on the ASX on 28 September 2017.
RG1 (ASX:RG1) is an ASX-listed investment company managed by Regal Partners Funds Management Pty Limited.
The Regal Atlantic Absolute Return Fund aims to achieve high levels of absolute returns by pursuing an aggressive investment approach with an elevated level of risk. The Fund utilises a long/short strategy and is able to vary its exposure to markets and sectors over time, though will generally have a significant positive exposure to markets over the cycle. It is managed using Regal’s fundamental investment process with the majority of companies listed in Australia and other Asian markets. The Fund may also have exposure to emerging markets. The Fund is open to applications monthly and redemptions quarterly and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.The strategy can be accessed via an Australian unit trust or a USD Cayman vehicle. Performance and inception dates reflect the Australian wholesale unit trust.3,5
The multi award-winning Regal Market Neutral Strategy invests in Australian and pan-Asian markets with a high-conviction, fundamental long-short approach.
The Fund maintains a low overall net market exposure (typically +/- 30% net exposure) and seeks to generate positive absolute returns over the medium to long term, with limited correlation to underlying equity markets.
The Fund is open to applications and redemptions monthly and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.
The strategy can be accessed via an Australian unit trust or a USD Cayman vehicle. Performance and inception dates reflect the Australian wholesale unit trust.3,5
The Regal Australian Long Short Equity Fund aims to outperform the S&P/ASX 300 Accumulation Index net of fees over a rolling five-year basis, utilising a long/short, active extension investment approach in listed equities in Australia.
The Fund uses a 130/30 style and applies Regal’s fundamental investment process.
The Fund is open to applications and redemptions daily and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon. Performance and inception dates reflect the Australian wholesale unit trust.3,5
The Regal Australian Small Companies Fund aims to materially outperform the S&P/ASX Small Ordinaries Accumulation Index net of fees over a rolling five-year period, utilising a 150/50 long/short investment approach with a primary focus on listed equities in Australia, typically outside the ASX 100.
Since inception in 2015, the Fund has consistently ranked within the top performing Small Companies Funds in the Mercer peer group.
The Fund is open to applications and redemptions daily and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.3,5
The Regal Tactical Opportunities Fund seeks to generate absolute returns by identifying pricing inefficiencies in global markets.
The Fund’s strategy is grounded in the belief that while global capital markets are largely efficient, pricing anomalies can exist over the short to medium term as a result of external events or situations. The Fund seeks to identify and exploit these pricing inefficiencies, with an aim to generate consistent, positive absolute returns, regardless of movements in underlying markets.
The Fund utilises systematic, discretionary and tactical investment strategies primarily focused on global equity markets and futures. The Fund may also selectively invest in private and public credit opportunities.
The Fund is open to applications and redemptions monthly and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.3,5
The Regal Resources Long Short Fund seeks to generate strong risk-adjusted absolute returns over the medium to long term irrespective of underlying equity market movements.
The Fund seeks to benefit from the significant opportunities for value creation within the mining sector, while mitigating exposure to cyclical selloffs by generally running a low net market exposure.
The Fund is closed to new applications and offers redemptions monthly. It is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.
The strategy can be accessed via an Australian unit trust or a USD Cayman vehicle.3,5
The Regal Resources High Conviction Fund is a fundamentally driven long/short resources strategy, which aims to deliver strong absolute returns over a medium to long term investment horizon.
The Fund is built on our belief that the resources sector is set to outperform in the years ahead with numerous structural drivers contributing to looming deficits across a range of commodities, including those essential for decarbonisation. The Fund seeks to take advantage of volatility across the resources and commodity complex, concentrating on Regal’s best long term high conviction long / short ideas.
The Fund is open to applications and redemptions monthly and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.
The strategy can be accessed via an Australian unit trust.3,5
The Fund aims to deliver strong, positive absolute returns over the medium to long term. The Fund will utilise a fundamental investment approach to construct a long / short portfolio, typically consisting of listed global small and mid-cap companies, with a bias towards investing in developed markets, including the US, Europe and Australia. The Fund will typically seek to invest in long exposures that meet ‘quality’ and ‘growth’ criteria such as a strong revenue and earnings growth profile, attractive unit economics, conservative balance sheet position, exceptional management team, globally addressable market and structural growth tailwinds.
The Fund seeks to identify and benefit from the significant opportunities for value creation that consistently arise within the small mid-cap universe by identifying and exploiting pricing and research inefficiencies. To fulfil the Fund’s objective, it is expected that gross exposure will generally be between 150% and 250% and net exposure will generally be between -25% and +125%. The Fund may also invest in large cap companies, microcap companies, unlisted companies, pre-IPO investments, derivatives and futures to fulfil its objective.
The Fund is open to applications and redemptions monthly and is suitable for wholesale and sophisticated investors who have a medium-long term investment horizon.3,5
The PM Capital Global Opportunities Fund Limited (ASX:PGF, ACN 166 064 875) provides investors with an opportunity to invest in global equities via an Australian Securities Exchange (ASX) listed investment company. The company began trading on the ASX on 12 December 2013.
Managed by PM Capital Pty Limited, the aim is to create long term wealth through a concentrated portfolio of 25-45 global companies that we believe are trading at prices different to their intrinsic values.
PGF (ASX:PGF) is an ASX-listed investment company managed by PM Capital Pty Limited.
The Global Companies Fund aims to create long term wealth through a concentrated portfolio of 25-45 global companies that we believe are trading at prices different to their intrinsic values.
The Fund’s investment objective is to provide long term capital growth and outperform the greater of the MSCI World Net Total Return Index (AUD) or RBA cash rate over rolling seven year periods. The Fund is not intended to replicate the index, investing in a concentrated portfolio of predominantly undervalued equities and other global (including Australia) investment securities.
Regal Partners (RE) Limited (ACN 083 644 731, AFSL 230222) is the issuer of the Fund. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to see if the product is right for you. The PDS and TMD are available at www.pmcapital.com/invest-with-us.
The Australian Companies Fund aims to create long term wealth through a handpicked portfolio of 15-25 companies, most based in Australia, we believe are trading at prices different to their intrinsic values.
The Fund’s objective is to provide long term capital growth and outperform the greater of the S&P/ASX 200 Accumulation Index or the RBA cash rate over rolling seven year periods. The Fund is not intended to replicate the index, investing in a concentrated portfolio of predominantly undervalued Australian equities, with the added attraction of some exposure to PM Capital’s global best ideas.
The Fund uncovers and profits from market anomalies in Australia, but also applies global market anomalies to the Australian market.
Regal Partners (RE) Limited (ACN 083 644 731, AFSL 230222) is the issuer of the Fund. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to see if the product is right for you. The PDS and TMD are available at www.pmcapital.com/invest-with-us.
The Regal Private Credit Opportunities Fund targets returns of 8-12% p.a. through the cycle by focusing on private credit investments. It targets targeting bilaterally originated and negotiated loans to middle market companies, corporates owned by financial sponsors, as well as other idiosyncratic opportunities and credit solutions.
With a primary focus on first lien senior and secured floating rate loans, the Fund runs a flexible mandate and will tactically allocate capital across the credit spectrum depending on the most attractive risk adjusted return opportunities.
The Fund pays distributions quarterly, is open to applications monthly, redemptions semi-annually (from July 2025 onwards) and is suitable for wholesale and sophisticated investors.3,5
The Regal Resources Royalties Fund seeks to provide investors with exposure to an attractive risk-adjusted asset class, providing a unique opportunity to gain exposure to an income stream uncorrelated to equity markets.
The Fund invests in natural and renewable resource royalties, commodity streams and royalty related structure solutions, with an aim of building a portfolio of investments that provide both income and growth while seeking to minimize the downside risk usually associated with investing in mining activities such as costs and exploration expenditure.
The Fund is open to applications monthly and redemptions annually and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.3,5
The Enhanced Yield Fund aims to create long term wealth through identifying and profiting from market anomalies predominately in corporate bond, hybrid security, and other compelling debt market opportunities around the world. Originally developed to invest the portion of PM Capital's own money which would otherwise sit in cash, the Fund was opened to co-investors as we realised our problem – how to produce regular income and attractive returns with low volatility – was shared by many other investors, and our solution may be able to help them achieve their own goals.
To provide investors a return in excess of the Reserve Bank of Australia’s (RBA) cash rate. The Fund aims to outperform the RBA cash rate with a low degree of volatility and minimal risk of capital loss.
Regal Partners (RE) Limited (ACN 083 644 731, AFSL 230222) is the issuer of the Fund. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to see if the product is right for you. The PDS and TMD are available at www.pmcapital.com/invest-with-us.
The Merricks Capital Partners Fund aims to provide investors with exposure to senior secured hard asset backed loans across Australia and New Zealand in the commercial real estate, agriculture, and specialised industrial & infrastructure sectors. Merricks Capital seeks to provide investors with access to a diversified portfolio that delivers compelling risk adjusted returns through active management of a portfolio of senior secured private credit loans.3
Merricks Capital Pty Limited (ACN 126 528 005, AFSL 319477) is the trustee and Merricks Capital Funds Management Pty Limited (ACN 126 826 293, authorised representative no. 001318163) is the manager.
The Merricks Capital Agriculture Credit Fund aims to provide investors with exposure to senior secured hard asset backed loans across Australia and New Zealand in the Agricultural sector. Merricks Capital seeks to provide investors with access to a diversified portfolio of agricultural assets that delivers compelling risk adjusted returns through active management of a portfolio of senior secured private credit agricultural loans.3
Merricks Capital Pty Limited (ACN 126 528 005, AFSL 319477) is the trustee and Merricks Capital Funds Management Pty Limited (ACN 126 826 293, authorised representative no. 001318163) is the manager.
The Regal Emerging Companies Opportunities Fund is the fourth and final Fund in Regal’s highly successful Emerging Companies series.
Focused on identifying the next generation of leading Australian companies, the Fund invests in listed and unlisted microcap companies, pre-IPO opportunities, IPOs and secondary capital raisings.
The Fund is open to applications quarterly and redemptions semi-annually and is suitable for wholesale and sophisticated investors who have a longer-term investment horizon.3
1Performance as at 30 April 2026, net of fees. Past performance is not indicative of future performance. All investments carry risk. Please refer to the relevant offering documents for more information.
2Performance as at 30 March 2026, net of fees. Past performance is not indicative of future performance. All investments carry risk. Please refer to the relevant offering documents for more information.
3Investors must read the read the Information Memorandum (including the key risks) or other relevant offer document applicable for the relevant Fund in order to determine if the Fund is right for them.In Australia, wholesale clients and sophisticated investors are defined in the Corporations Act 2001 (Cth) and include a person who has a current certificate from a qualified accountant (obtained within the previous two years). Investors in jurisdictions outside Australia should consider the equivalent rules in laws of the country in which they reside. This website is not an offer to sell or a solicitation of an offer to subscribe for securities in any Fund.
4All returns are net of fees and gross of tax (prior to tax provisions). Performance since inception is calculated on all distributions being reinvested. E Class represents AWAF’s investment in the Master Trust (AWF).
5Regal Partners Holdings Pty Limited (ACN 107 576 821) is the trustee. Regal Partners Funds Management Pty Limited ACN 610 797 138 is the manager.
ASX-listed Regal Investment Fund provides investors with an exposure to a selection of alternative investment strategies managed across Regal, with an objective to produce attractive risk-adjusted absolute returns over a period of more than five years with limited correlation to equity markets.
RF1 is invested across nine alternative investment strategies, covering long/short equities, private markets, water, resources royalties and private credit.
Equity Trustees Limited (ACN 004 031 298, AFSL 240975) is the responsible entity and Regal Partners Funds Management Pty Limited (ACN 610 797 138) is the investment manager of the Fund.
Regal Asian Investments Limited (ASX:RG8, formerly ASX:VG8) provides investors with access to an actively-managed, concentrated portfolio, comprising long investments and short positions in Asian listed securities. It may also take positions in other companies with significant exposure to the Asian market. RG8 will typically invest in 15-30 long investments. The portfolio is actively managed by Regal Funds Management (a Regal Partners Limited business). Utilising a fundamental, bottom-up investment approach, the portfolio leverages Regal’s extensive experience, network and specialist investment team. RG8 listed on the ASX on 13 November 2019.
RG8 (ASX:RG8) is an ASX-listed investment company managed by Regal Partners Funds Management Pty Limited.
Regal Partners Global Investments Limited (ASX:RG1, formerly ASX:VG1) provides investors with access to a concentrated portfolio, comprising long investments and short positions in global listed securities. RG1 will typically invest in 20-40 long investments. Utilising a fundamental, bottom-up investment approach, the portfolio leverages the extensive experience, network and specialist investment team of Regal Partners Limited, the Investment Manager. RG1 listed on the ASX on 28 September 2017.
RG1 (ASX:RG1) is an ASX-listed investment company managed by Regal Partners Funds Management Pty Limited.
The PM Capital Global Opportunities Fund Limited (ASX:PGF, ACN 166 064 875) provides investors with an opportunity to invest in global equities via an Australian Securities Exchange (ASX) listed investment company. The company began trading on the ASX on 12 December 2013.
Managed by PM Capital Pty Limited, the aim is to create long term wealth through a concentrated portfolio of 25-45 global companies that we believe are trading at prices different to their intrinsic values.
PGF (ASX:PGF) is an ASX-listed investment company managed by PM Capital Pty Limited.
The Global Companies Fund aims to create long term wealth through a concentrated portfolio of 25-45 global companies that we believe are trading at prices different to their intrinsic values.
The Fund’s investment objective is to provide long term capital growth and outperform the greater of the MSCI World Net Total Return Index (AUD) or RBA cash rate over rolling seven year periods. The Fund is not intended to replicate the index, investing in a concentrated portfolio of predominantly undervalued equities and other global (including Australia) investment securities.
Regal Partners (RE) Limited (ACN 083 644 731, AFSL 230222) is the issuer of the Fund. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to see if the product is right for you. The PDS and TMD are available at www.pmcapital.com/invest-with-us.
The Australian Companies Fund aims to create long term wealth through a handpicked portfolio of 15-25 companies, most based in Australia, we believe are trading at prices different to their intrinsic values.
The Fund’s objective is to provide long term capital growth and outperform the greater of the S&P/ASX 200 Accumulation Index or the RBA cash rate over rolling seven year periods. The Fund is not intended to replicate the index, investing in a concentrated portfolio of predominantly undervalued Australian equities, with the added attraction of some exposure to PM Capital’s global best ideas.
The Fund uncovers and profits from market anomalies in Australia, but also applies global market anomalies to the Australian market.
Regal Partners (RE) Limited (ACN 083 644 731, AFSL 230222) is the issuer of the Fund. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to see if the product is right for you. The PDS and TMD are available at www.pmcapital.com/invest-with-us.
The Enhanced Yield Fund aims to create long term wealth through identifying and profiting from market anomalies predominately in corporate bond, hybrid security, and other compelling debt market opportunities around the world. Originally developed to invest the portion of PM Capital's own money which would otherwise sit in cash, the Fund was opened to co-investors as we realised our problem – how to produce regular income and attractive returns with low volatility – was shared by many other investors, and our solution may be able to help them achieve their own goals.
To provide investors a return in excess of the Reserve Bank of Australia’s (RBA) cash rate. The Fund aims to outperform the RBA cash rate with a low degree of volatility and minimal risk of capital loss.
Regal Partners (RE) Limited (ACN 083 644 731, AFSL 230222) is the issuer of the Fund. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to see if the product is right for you. The PDS and TMD are available at www.pmcapital.com/invest-with-us.
1Performance as at 30 April 2026, net of fees. Past performance is not indicative of future performance. All investments carry risk. Please refer to the relevant offering documents for more information.
2Performance as at 30 March 2026, net of fees. Past performance is not indicative of future performance. All investments carry risk. Please refer to the relevant offering documents for more information.
3Investors must read the read the Information Memorandum (including the key risks) or other relevant offer document applicable for the relevant Fund in order to determine if the Fund is right for them.In Australia, wholesale clients and sophisticated investors are defined in the Corporations Act 2001 (Cth) and include a person who has a current certificate from a qualified accountant (obtained within the previous two years). Investors in jurisdictions outside Australia should consider the equivalent rules in laws of the country in which they reside. This website is not an offer to sell or a solicitation of an offer to subscribe for securities in any Fund.
4All returns are net of fees and gross of tax (prior to tax provisions). Performance since inception is calculated on all distributions being reinvested. E Class represents AWAF’s investment in the Master Trust (AWF).
5Regal Partners Holdings Pty Limited (ACN 107 576 821) is the trustee. Regal Partners Funds Management Pty Limited ACN 610 797 138 is the manager.
What type of investor are you?
Select wholesale/sophisticated if you qualify as an Australian or New Zealand wholesale or sophisticated investor, or you provide advice or consult to wholesale or sophisticated investors.
Wholesale clients and sophisticated investors: Wholesale clients and sophisticated investors are defined in the Corporations Act 2001 (Cth) and include a person who has a certificate from a qualified accountant (obtained within the previous two years), stating that such person has net assets of at least $2.5 million and/or a gross income for the past two financial years of at least $250,000 a year. For other jurisdictions this is defined as an investor in an equivalent class to the Australian wholesale or sophisticated investor definitions under the laws of the country or territory in which the investor resides.
ASX Listed Funds

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