Regal Partners Reports Strong Client Inflows and Fundraising Momentum Following Merger; Highlights Multiple Opportunities for Growth in 2023
Regal Partners, a specialist alternatives investment manager, is pleased to report its financial results for the year ended 31 December 2022. This is the inaugural full year result for the Company since the merger of Regal Funds Management and VGI Partners Limited (now renamed Regal Partners Limited), which completed on 3 June 2022.
HIGHLIGHTS
• Statutory 2022 Net Profit after Tax (“NPAT”) of $11.6m
• Normalised 2H22 NPAT of $18.2m
• Total funds under management (“FUM”) as at 31 December 2022 of $5.2bn3, rising further to $5.4bn as at 31 January 2023 following continued fundraising momentum and positive fund performance
• Net client inflows of +$0.7bn received for the six months to 31 December 2022, the first half-year period since merger completion
• Performance fees of $14.5m4 generated for the six months to 31 December 2022 despite challenging market conditions
• Fully franked final dividend of 4c per share declared; new Dividend Reinvestment Plan (“DRP”) launched
• Robust balance sheet with $214m in cash and investments, and no debt, as at 31 December 2022
• Completion of Entitlement Offer in October 2022, raising maximum amount of ~$110m, further accelerating growth strategy and expanding RPL’s shareholder base and free float