Macquarie Investment Management has appointed Andrew Savage as a senior adviser in its Australian Private Markets team, which currently has over $6.5 billion of assets under advice.
Savage will focus on the Private Markets team’s co-investment strategy, and private equity and growth capital fund investments in Australia, according to Macquarie Investment Management.
Savage spent 15 years with CHAMP Private Equity and co-founded CHAMP Ventures prior to his new role.
In welcoming Savage to the team, head of Macquarie Investment Management Private Markets Michael Lukin said that Savage “brings deep direct investment and portfolio company board expertise which will further strengthen our Australian private equity credentials”.
“Our team of more than 30 professionals is committed to delivering direct fund and co-investment as a means of adding value to client portfolios and, in the process, reducing the overall cost of private equity,” Lukin said.
