What Alium Capital does

Alium Capital Management Pty Ltd is a Sydney-based boutique investment firm founded in 2016 that operates a cross-over technology investment strategy across private, secondary, and listed markets in Australia and New Zealand. The firm manages two vehicles: the Alium Alpha Fund, launched in 2016 with a ten-year track record of approximately 40 exits and now in harvesting mode and closed to new capital; and the Alium Innovation Fund, which actively deploys capital — roughly 60-70% in private companies, 20-30% in secondary positions, and ~10% in listed securities — into ANZ technology and innovation businesses spanning AI, cloud and data, health and biotech, advanced manufacturing, cybersecurity, robotics, and enterprise IoT. Alium typically invests as the first institutional capital alongside founders with minority stakes, targeting liquidity outcomes through IPO or M&A within a five-year horizon.

The firm generates revenue through management fees and performance fees on its funds; the Alpha Fund is reserved for wholesale investors as defined under the Corporations Act 2001 (Cth), and the Innovation Fund is distributed both directly via an investor portal and through select third-party investment platforms. Alium is structured as a proprietary limited company (Pty Ltd) and provides regulated services through Dempsey Capital Pty Ltd, the holder of AFSL 554320, under which Alium operates as Corporate Authorized Representative No. 1277217.

The firm is led by three founding partners — Rajeev Gupta (former Goldman Sachs, Tribeca, Merricks Capital), Jason Rich (former Goldman Sachs London, GLS Capital, Bennelong, Canning Park Capital, JCAM), and Michael Considine (former Salomon Smith Barney, Citigroup, Morgan Stanley) — with Prashanth Rangaswamy as Head of Operations and David Jones AM (former CHAMP Private Equity, UBS Capital, Macquarie Direct Investment) as Special Advisor. The team is intentionally lean, with the headcount range of 1-10 employees reflecting a focused operating model that prioritizes sector depth, deal-flow relationships, and selective fund deployment over scale.

Name

Alium Capital

Legal name

Alium Capital Management Pty Ltd

Website

https://aliumcap.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Alium Capital Management is a Sydney-based boutique founded in 2016 that runs two ANZ-focused technology investment funds — the legacy Alpha Fund (in harvesting mode, ~40 exits) and the active Innovation Fund — providing wholesale investors exposure to private, secondary, and listed tech companies.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

akta.pro secondary industries

Large-Cap Equity (Active) (FSAAAIAA), Small-Cap Equity (Active) (FSAAAIAC), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

Keywords

• Technology investment management
• Private equity funds
• Venture capital investing
• Crossover investment fund
• Innovation fund management

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: Alium Capital generates revenue through management fees and performance fees from its investment funds (Innovation Fund and Alpha Fund). The funds invest in private technology companies, secondary market opportunities, and listed securities to generate returns for investors.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

Alium Capital Management operates as a focused technology and innovation investment firm running two distinct investment funds. The Alium Innovation Fund actively invests in private, secondary, and listed technology companies across ANZ (Australia and New Zealand), typically as the first institutional investor alongside founders. The Alium Alpha Fund is now in harvesting mode after a 10-year track record with approximately 40 exits. Both funds target wholesale/sophisticated investors and aim for liquidity outcomes within a 5-year timeframe via M&A or IPO.

Product overview

Alium Capital Management operates as a focused technology and innovation investment firm offering two distinct fund products: the Alium Innovation Fund, which actively invests in private, secondary, and listed technology companies across ANZ with a focus on AI, cloud, biotech, cybersecurity, and other innovation sectors; and the Alium Alpha Fund, which is now in harvesting mode after a decade of generating returns and nearly 40 exits. The firm leverages deep technology sector expertise to identify high-quality private investments and work closely with management teams to scale businesses toward liquidity events.

Differentiator

Problem solved

Functional benefit

Brands

• Alium Alpha Fund: A 10-year track record fund focused on private technology investments with almost 40 exits. Currently in harvesting mode.
• Alium Innovation Fund

Products and services

• Alium Innovation Fund A private investment fund focused on technology and innovation companies in ANZ, targeting late-stage private investments (60-70%), secondary positions (20-30%), and listed companies (10%). The fund aims to be the first institutional investor alongside founders, with a liquidity objective within 5 years via M&A or IPO. Mandate covers AI, Cloud & Data-driven initiatives, Business & IT automation, Health & BioTech, Advanced Manufacturing, Cybersecurity & Risk Management, Robotics and Enterprise IoT. For wholesale investors only.
• Alium Alpha Fund A harvesting-mode investment fund with a 10-year track record since 2016, having generated approximately 40 exits. The fund backed fast-growing, high-quality technology and innovation focused businesses on their path to liquidity events through IPO or M&A. Currently not accepting new investments. For wholesale investors only as defined in the Corporations Act 2001 (Cth).

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Garvan Medical InstituteminorOthersPartner Rajeev Gupta sits on the Garvan Medical Institute Board, indicating a board-level connection rather than a commercial partnership.
• University of Sydney Business SchoolminorOthersPartner Rajeev Gupta serves on the University of Sydney Business School board, indicating an academic advisory relationship.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• AirTree Ventures: Leading Australian venture capital firm focused on technology and innovation investments across ANZ. Directly comparable as a tech-focused investment manager serving similar wholesale investors with similar founder-aligned strategies.
• Square Peg Capital: ANZ-focused technology investment firm backing early and growth-stage companies. Comparable in targeting tech founders with institutional capital and similar LP base in the region.
• Blackbird Ventures: Australia and New Zealand technology venture capital firm investing across early-stage and growth tech. Directly comparable in mission, geography, and tech-investment focus.
• Merricks Capital: Australian investment management firm with a global technology funds focus where Alium partner Rajeev Gupta previously worked as a portfolio manager. Directly comparable as an Australian tech-focused investment manager.
• Tribeca Investment Partners: Australian fund manager where Alium partner Rajeev Gupta previously worked as a portfolio manager running global technology funds. Comparable as an Australian active investment manager with tech expertise.

Broad incumbents

• Ellerston Capital: Australian investment manager offering multi-asset funds including Australian equities. Broader incumbent with overlapping wholesale investor base but not specialized in private tech crossover investing.
• CHAMP Private Equity: Established Australian private equity firm where Special Advisor David Jones AM was previously Managing Director. Comparable as an ANZ-focused PE manager but with broader sector exposure beyond technology.

Regional players

• VGI Partners Global Investments: ASX-listed global investment manager (ASX: VG1) chaired by David Jones AM. Operates in similar fund management space serving sophisticated investors but focuses on global listed equities rather than ANZ private tech.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/aliumcap
• LinkedInlinkedin.com/company/alium-capital
• Facebookfacebook.com/aliumcap

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments45 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alium Capital