Participated · Debt Financing · Jul 2024

Symphony Infrastructure Partners develops, operates and owns specialised infrastructure services critical to Australia’s energy transition, offering end-to-end solutions for transmission infrastructure and grid connections. Established in 2022 and announced from Sydney, the group is consolidating and scaling Australian sovereign capability by acquiring and integrating portfolio businesses. The recent financing will allow Symphony to complete the acquisition of five new portfolio companies and establish one of Australia’s leading independent energy infrastructure services platforms. Together with its existing businesses, Symphony provides customers integrated solutions for major transmission infrastructure and grid connection services. The company employs over 1,000 staff and operates nationally, and it plans to continue investing to significantly expand the capacity of its portfolio companies to accelerate the energy transition. Advisors on the transaction included Lazard Australia, Allens and Kain Lawyers.

Participated · Series A · Mar 2024

Global Screening Services (GSS) sells a cloud-based sanctions-screening platform used by banks and financial institutions to screen transaction data against standardized sanctions lists from around the world. The platform enriches lists with additional data points such as dates of birth, IMO numbers for ships and data from local financial transfer systems of sanctioned countries like Russia and China. GSS also offers "enhanced" screening lists that include companies partly owned by parties sanctioned by OFAC, the EU or the U.K. The company was incubated at AlixPartner and spun out as a standalone entity in 2021; co-founder and CEO Tom Scampion previously led financial crime for Deloitte’s EMEA arm. With a $47 million financing, GSS is transitioning from a development phase to full operations and preparing to go live with its first customers. The raise comes amid a spike in global economic sanctions that has increased demand for regulatory compliance tools. Global Screening Services (GSS) operates an industry collaboration platform that streamlines sanctions screening and compliance by enhancing and exchanging information across financial institutions and partners. The platform leverages technology, including artificial intelligence, and an ecosystem of financial institutions and industry partners to provide streamlined compliance screening for sanctions. GSS was incubated by AlixPartners since 2021 and is now a standalone company headquartered in London, UK, led by CEO Tom Scampion. The company announced a partnership with SWIFT in October to provide expertise on security, data privacy, and sanctions screening support. GSS has over 140 people supporting the business on a full-time basis. The company plans to use the new funding to accelerate growth and expand its operations and business reach.

Participated · Series A · Mar 2023

Paypa Plane, founded in 2018 and based in Brisbane, provides white-label cloud payments software that lets banks and businesses evolve SME products without changing existing platform infrastructure. The company raised $10 million in a Series A led by the Queensland Investment Fund (QIC). New investors in the round include Mastercard, Cuscal and Sprint Ventures, alongside existing backers Commonwealth Bank and Tyro Payments. Commonwealth Bank had previously acquired a 20% stake in the fintech over a year earlier for an undisclosed sum. Paypa Plane trialled PayTo (the New Payments Platform) with CBA business customers six months before the raise. Following the funding, the company plans to more than double its team from about 40 to 100 over the next five years to support product development, deployment and expansion into the USA while driving growth in Australia.

Participated · Equity · Jul 2022

Klarna operates a payments and commerce network that serves more than 118 million consumers and works with over one million merchants, processing millions of transactions daily. The company leverages its regulated banking license as a strategic advantage to access funding structures used by established financial institutions. Klarna has pursued multiple Significant Risk Transfer transactions — the recent $1.7 billion deal is its sixth and largest — to optimize capital deployment and reduce risk-weighted assets. It also announced a $2 billion facility intended to support up to $17 billion of U.S. financing expansion. Combined, these funding initiatives are intended to enable Klarna to support over $40 billion in lending capacity. Klarna is using these capital-efficiency structures to scale its consumer credit offerings and expand lending, particularly in the United States.

Participated · Equity · Nov 2021

Gemini operates a cryptocurrency exchange and custodial business founded in 2014 by Cameron and Tyler Winklevoss. In Q1 the exchange reported revenue of $50.3 million, a 42% year-over-year increase, while trading volume declined 53% to $6.3 billion. The company has faced regulatory scrutiny, including a 2024 settlement with the New York Department of Financial Services. To address market headwinds and pursue broader ambitions, Gemini says it is transitioning toward a full-stack market company with plans that may include expanded custody, staking, derivatives and DeFi services. Its financial position was augmented by a $100 million Bitcoin investment from Winklevoss Capital intended to bolster liquidity, product development and compliance efforts.