Established in 2022, the global equities fund invests in a concentrated portfolio of high growth companies run by quality founders, generating 41.6 per cent per annum since its inception.
The firm will now come under the wing of Perennial, a house of specialist investment teams that partners with investment professionals, providing them with strategic, operational, and distribution expertise.
To support the growth of the business, Perennial has agreed to take a 50 per cent stake in Ziller Funds Management, while the remaining half will be held by the firm’s founder and chief investment officer, Joseph Ziller, and other unnamed parties.
With this agreement, Ziller will join other specialist investment boutiques, such as Daintree Capital, Fairlight Asset Management, and various Perennial-branded equity capabilities.
The executive director of Perennial Partners, Anthony Patterson, said he was pleased to welcome Ziller to the firm, noting that its investment capability offers the opportunity of “meaningful value add, while investing in a concentrated portfolio of highly liquid stocks”.
“We support the investment thesis of the Ziller Global Fund and recognise that the investable universe in this space is substantial. As it approaches its three-year track record, we believe that there is significant scope to accelerate the growth of the fund,” Patterson said.
“With Joseph leading the business, continuity of management and investment strategy is ensured and it will now have the substantial resources of Perennial to draw from.”
Meanwhile, Joseph Ziller said the support from Perennial will allow the fund to “accelerate its capacity to invest in high growth global companies run by exceptional founders”.
He added: “I’m really proud of the solid foundation we’ve established for the Ziller Global Fund since its inception in 2022 and its strong performance track record. As part of Perennial Partners, I look forward to taking the fund to the next stage of its growth.”
Notably, the last few years have seen Perennial be selective in the expansion of its capabilities, picking up the specialist Future of Healthcare Fund from Australian Unity in 2024, and the Melior Australian Impact Fund earlier this year.
