Key Takeaways
- • OneVentures has appointed Ian Anderson as global director, capital formation, adding a senior distribution executive as offshore and local investors take a closer look at the Australian venture capital firm.
- • The firm invests in start-ups across its credit, healthcare and technology funds and manages more than $1 billion, according to managing partner Dr Michelle Deaker.
- • Anderson joins from senior roles at MLC, Schroders, Fidelity International and Suncorp.
- • OneVentures was the first venture fund to use the ESVCLP structure, positioning it to benefit from government changes that broaden and expand the scheme.
- • Limited partners in ESVCLP-structured funds pay no income tax or capital gains tax and receive a 10 per cent upfront tax credit.
Summary
OneVentures has appointed Ian Anderson as global director, capital formation, as interest from offshore and local institutions and wealth networks grows. Managing partner Dr Michelle Deaker welcomed the appointment, saying it came at an exciting time for the firm, which invests in start-ups across its credit, healthcare and technology funds and manages more than $1 billion. She said Anderson's experience in capital formation and institutional investment is a valuable addition to the team.
Anderson joins from a career spanning MLC, Schroders, Fidelity International and Suncorp, where he held senior roles before moving to OneVentures. Following a recent trip to Asia, he said the opportunity to grow the firm's investor base across Australia and the region was exciting.
Anderson pointed to growing interest from wealth platforms, where investors are drawn to OneVentures' scaleup and growth strategies, which he said provide better risk-adjusted returns. He also cited tax advantages flowing from the government's changes to the ESVCLP regime, particularly after the recent budget. Limited partners in ESVCLP-structured funds pay no income tax and zero capital gains tax, and receive a 10 per cent upfront tax credit. In May, the government announced it would expand the ESVCLP thresholds, meaning returns can remain tax exempt for longer as portfolio companies scale.
OneVentures stated it was the first venture fund to utilise the ESVCLP structure, a track record it said places the firm in a unique position to benefit from the government's proposed broadening of the scheme.
Anderson joins from a career spanning MLC, Schroders, Fidelity International and Suncorp, where he held senior roles before moving to OneVentures. Following a recent trip to Asia, he said the opportunity to grow the firm's investor base across Australia and the region was exciting.
Anderson pointed to growing interest from wealth platforms, where investors are drawn to OneVentures' scaleup and growth strategies, which he said provide better risk-adjusted returns. He also cited tax advantages flowing from the government's changes to the ESVCLP regime, particularly after the recent budget. Limited partners in ESVCLP-structured funds pay no income tax and zero capital gains tax, and receive a 10 per cent upfront tax credit. In May, the government announced it would expand the ESVCLP thresholds, meaning returns can remain tax exempt for longer as portfolio companies scale.
OneVentures stated it was the first venture fund to utilise the ESVCLP structure, a track record it said places the firm in a unique position to benefit from the government's proposed broadening of the scheme.
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