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Mirae Asset grows Australian alternatives team

Mirae Asset Global Investments (Mirae Asset) has appointed James McGrath as Director of Alternative Investments to strengthen its venture capital capabilities.

McGrath will be responsible for Mirae Asset’s entire alternative investment portfolio, which specializes in real estate, infrastructure, private debt and venture capital. This includes investments in the Victorian desalination plant, Eastlink and the Four Seasons Hotel in Sydney.

He reported to Luke Gersbach, Head of Alternative Investments, led venture capital efforts, and now Miraaerset is closing its first Australian-focused fund.

McGrath has over 10 years of experience in investment banking, venture capital and private credit.

He joined from OneVentures and has completed various venture capital and venture debt investments over the past six years.

McGrath was one of the first investors in Employment Hero to win AIC’s 2022 VC Deal of the Year. Other notable investments include Zoomo, Eucalyptus, InDebted, Shippit and Phocas.

He also held roles at Allier Capital and Citi.

Gelsbach welcomed McGrath to the team.

“We are delighted to welcome James to Mirae Asset. The expansion of our venture capital focused alternatives team demonstrates our commitment to supporting the Australian startup environment,” he said. I was.

Mirae Asset reported $2.5 billion in funds under management for its venture capital capacity.

In August, it led Elon Musk’s US$250 million round to SpaceX, and said other Australian venture capital investments included web3 platform Immutable X and Animoca Brands.

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