Street Talk understands Sean O’Neill and Lucas Couper’s Nash Capital is pitching its inaugural fund to potential investors, making the first steps in evolving Melbourne boutique corporate advisors Nash Advisory to an advisory/investment shop.Sources said the Nash Growth Fund 1 has reached its first close with $50 million plus of commitments, led by a $10 million investment from its own investment team, and is busy doing roadshows with wealth adviser LGT Crestone to gather additional funds.
Nash Capital is the investment arm of Nash Advisory, co-founded by former Lazard Private Equity director O’Neill and Kennedy Needham director Couper. Its first fund will focus on writing $10 million to $20 million equity cheques in profitable, growing private companies. Sources said Nash Growth has already made its first investment, picking up a majority stake in National Windscreens, a windscreen repair and replacement business that Nash hopes to triple in size. The investment was made earlier this month, marking Nash Growth Fund’s official launch.
has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.