Overview
Viburnum Funds Pty Ltd, a limited liability company (“Viburnum” or the “Adviser” or the “Firm”),
was formed in Australia in 2007, and provides investment management and advisory services on a
discretionary and non-discretionary basis for pooled investment vehicles and accounts (the “funds”)
and investors (including endowment funds). Viburnum holds an Australian financial services
license (“AFS license”) issued by the Australian Securities and Investments Commission (“ASIC”).
The principals of Viburnum are Marshall Allen and Craig Coleman, both Australian residents, who
each hold a 32.9% ownership interest in Viburnum.
Viburnum manages funds, and other client accounts, with a variety of investment strategies. The
funds invest in liquid and illiquid market opportunities across public and private markets, focusing
on public equity opportunities as well as private investments primarily in the energy and natural
resources sectors. Viburnum’s investment management and advisory services consist of identifying
and evaluating investment opportunities, managing and monitoring investments and facilitating
exits from portfolio investments. Members or other personnel of Viburnum as part of Viburnum’s
investment programs, do serve on certain boards of directors or otherwise act to influence control
over management of portfolio companies held by the funds. In particular, Craig Coleman, our
Director, serves as a non-executive chairman or director for certain companies in which the firm
invests in on behalf of its clients. Mr. Coleman also receives compensation for his positions at these
companies. This is disclosed in the portfolio companies publicly
available financial reports and is
subject to our conflict of interest policies and procedures.
Viburnum manages a public equity focused fund structured as a multi-series Australian unit trust; it
invests in a highly concentrated long-only portfolio of Australian public companies. Viburnum
(directly and through its related persons) also manages a number of funds and mandates focused on
private equity investments primarily in the energy and resource services sectors generally within
the South East Asian and Australasian regions.
Viburnum also manages separately managed accounts for large US-based investors, using a similar
approach to investing in a highly concentrated long-only portfolio of Australian public companies.
Viburnum provides investment advisory services to its Clients, the funds, and does not provide or
seek to provide investment advice tailored to the particular needs of the individual investors of the
funds it manages. The investment management and advisory services provided by Viburnum to the
funds it manages, are set forth in more detail in the fund’s Offering Documents and organizational
documents. Viburnum may enter into side letters or other written agreements with fund investors
(“Side Letters”) that have the effect of establishing separate rights under, or altering or
supplementing the terms of, the Offering Documents of the respective fund. Such Side Letters may
be entered into with a fund investor without the consent of or notice to any other investors in a fund.
As of June 30, 2023, Viburnum managed approximately $265 million of regulatory assets under
management beneficially owned by US persons.