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From the Flybridge - No 3

Wed, 09 Apr 2025 13:31:39 GMT

Patience and Perseverance

So Flybridge Capital Pty Ltd hit the one year anniversary 4 days ago.

The 12 months as we call one year has felt much longer than the last 5 years, yet it has been more rewarding on an intellectual level for reasons which only people will know that have experienced true enterprising spirit.

People always ask; How did you produce the Flybridge name? It was a conversation over lunch with Matthew Cook at Spire Capital. Matt is someone I have been in contact from 2010 when he commenced his business from scratch. He said to me “Use a fishing theme,” so it all came about within a week. Like a Spire on a building, the highest point on a game fishing boat is the Flybridge and the person in that position navigates the waters for the game fisherperson in the seat at the stern of the boat with the fishing lines in the water.

With one year now on board, when I refer to enterprising spirit, I do not refer to the highs of chasing deals or lows of about to go broke. I centre my thoughts around the concept of Patience and Perseverance, again which ties back to success in the art and science of fishing and equally applies to business.

We have a saying in the Australian Bream fishing tournament arena, “when you think you are on a slow retrieve, roll it even slower” this is referring to the patience part on the retrieve of a lure.

The perseverance part relates to just getting up and out there in any conditions to assess your skill, luck, and patience.

So, we at Flybridge are incredibly happy one year in. We have achieved so much in 12 months form zero, to a brand with a licence, to getting a couple of clients who have entrusted in us on our trade and to our suppliers in a host of operational services that have supported the journey thus far, we thank you both for the early support.

Looking forward Flybridge will have further exciting news in 2025 just around the corner as the patience and perseverance are starting to build momentum.

From the Flybridge - No 2

Thu, 03 Oct 2024 07:39:09 GMT

Proud moments and progress

It is amazing how much ocean you can cover in such a short space of time.

I am drafting this on 1 October 2024 which signifies the first 6 months of developing a business from scratch. It has been an amazing experience mixed with many emotions thus far. I look forward in sharing with you my journey to success periodically.

First of all, what have we achieved, and I say “we” as I have a wonderful set of people on the Flybridge Capital Advisory Council, I also have a great support network of people who are also setting up their franchises or have done so successfully in the past. It is a wonderful ecosystem of people helping people.

Specifically, I want to thank Bill Entwistle (he is like my Charlie Munger that was to Buffett). Bill is now formally a Non-Executive Director of Flybridge Capital Pty Ltd.

From May 2024, we were fortunate to work with SFP Infrastructure Partners (Swiss headquartered) and 468 Capital (Munich headquartered) on a success-based assignment. These fund raises are ending soon, and I wish these two managers all the absolute best with these current vintages.

From an operational perspective the biggest win was the granting of our own AFSL which we received in August. It is a hefty task pulling all the documentation together and I was fortunate to use the legal services of Sophie Grace Pty Ltd who were the best to work with.

Speaking of the month of August, it was a big month for Flybridge where we formed our first distribution partnership with LCM Partners, who is a leading European Private Credit manager who has been in business for over 25ys and led by an entrepreneurial individual Paul Burdell. We look forward in talking to the Australian market on their main strategies in Opportunistic private credit and Asset Backed Lending.

The pipeline of managers in discussion is looking healthy and we look forward in closing another partnership soon. As much as you like to set goals and deadlines, as we all know relationships come first in this business and those can take time to develop.

It is a delight to seek out numerous different opportunities within the credit and other private markets especially with some of the niche unique opportunities that exist which will become more common and spoken about in the years to come.

I look forward in sharing these opportunities in the future.

From the Flybridge - No 1

Sun, 21 Apr 2024 02:43:17 GMT

"From the Flybridge -No 1"

Welcome

Welcome to “From the Flybridge” the memo that will capture investment thought leadership from around the globe.

The first edition coincides with the launch of Flybridge Captial Pty Ltd (Flybridge), a business that will focus on the distribution and representation high quality private and alternative market asset managers.

Opportunities

Private credit whether the investments are sourced from Australia or from overseas, will play an increasingly significant role in retirement savings and decumulation portfolios for Australian investors.

However, it is important for investors to be wary of the various structures and potential legacy portfolios when looking at Private Credit especially when it comes to offshore private credit.

Whilst there is a need for current income and the backdrop today may favour debt over equity from a return/risk perspective, investment portfolios will still require assets to facilitate growth. A diverse portfolio of private equity via manager and vintage year will be essential for portfolios.

We Launch

Mon, 01 Apr 2024 05:12:08 GMT

We Launch

We launch our voyage

From a personal perspective 2024 marks the 30th year in working in the asset management industry and over the course of the last 15 years I have had the privilege and benefit of learning and working with three phenomenally successful Private/Alternative Asset managers. It is now the time to bring the best of what I have learnt from all three into one.

I am also incredibly happy to announce that Bill Entwistle brings 37 years of alternate and private credit expertise as a Chair of the advisory council. Bill has been a wonderful colleague and mentor over the last 4 years. He will provide insights, thoughts, ideas, and oversight to the business.

Supporting Bill and I, we are delighted to have Allison (Lee) Bonta and Reto Boerlin join Flybridge as advisory council members bringing on the ground expertise in the United States and Europe respectively.

Setting course

We are extremely excited to open our doors and fly the flag in delivering quality well-structured investment solutions to Australian investors.