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Hyperion founder leaves to raise A$200m private equity fund

18 Apr 2012

Manny Pohl, the founder and managing director of Hyperion Asset Management, is leaving the A$3.2bn ($3.32bn) Australian fund manager to set up a private equity vehicle.

Pohl and two as yet undisclosed managing partners will hit the fundraising trail in May in a bid to raise A$200m ($207m), which will be used to buy minority stakes in companies, the Wall Street Journal reported on Wednesday.

Investment targets will be those that are second or third in terms of market share seeking growth capital with EBIT of around A$5m ($5.2m), the report added.

Hyperion has a successful history of taking minority positions in listed companies. Its Hyperion Small Growth Companies Fund has posted annual returns of 24.9 per cent since 2002, exceeding the 9.37 per cent returns generated by the ASX Small Ordinaries Accumulation Index during the same period.

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