Perennial Partners

What Perennial Partners does

Perennial Partners is a Sydney-based private investment management firm, founded in 2000, that operates as a "house of specialist investment teams" under a partnership model. It serves wholesale, institutional, and retail investors in Australia and New Zealand (applications from outside these jurisdictions are not accepted) through a multi-channel platform spanning ASX-listed Active ETFs, managed investment trusts, and private investment vehicles. Its investor base includes SMSFs (including SIV-compliant funds), financial advisers, and direct retail investors accessing products via online and traditional brokers and superannuation wrap platforms.

The firm's product surface is broad and diversified across asset classes and styles: Australian value equities (Perennial Value, Perennial Larger Companies), smaller companies and microcaps (Perennial Smaller Companies, Balmoral Emerging Companies, Microcap Opportunities, Microcap Resources), fixed income (Daintree Capital's Core Income, High Income, Defensive Plus, and Hybrid Opportunities strategies, including the DCOR and DHOF ETFs), ESG and impact (Perennial Better Future with its proprietary ESG&E Score, Melior Impact Fund), global SMID (Fairlight Asset Management), global growth (Ziller Funds Management and the Ziller Global Fund Active ETF), healthcare (Future of Healthcare), resources (Strategic Natural Resources, Microcap Resources), and private investments (Private to Public Opportunities Funds, PPP+ Evergreen Fund, Private Ventures Fund). Distribution is multi-channel: ASX-listed Active ETFs (EIGA, IMPQ, DCOR, DHOF, Ziller Global Fund), direct investment, and wrap/advice platforms including Netwealth, Praemium, HUB24, IOOF Pursuit, AMP North, WealthO2, and Powerwrap, with operational data services from ICE Data Indices and Factset.

Perennial earns revenue predominantly through management fees charged as a percentage of assets under management (e.g., 0.80% pa for EIGA, 0.99% pa for IMPQ, both inclusive of GST and RITC) plus performance fees on certain strategies (e.g., a 20% monthly performance fee on outperformance for IMPQ subject to a positive net return hurdle). It holds AFSL licences via Perennial Investment Management Limited (No. 275101) and Perennial Value Management Limited (No. 247293), and emphasises alignment through executive co-investment alongside clients on the same terms. Recent strategic activity includes majority stakes in a responsible manager (2025-06-25), onboarding Ziller Funds Management (2025-08-28), a 50% stake in a Sydney microcap fund manager (2025-11-10), Climate Active Certification FY24, and a sixth consecutive RIAA Responsible Investment Leader recognition in 2026.

Name

Perennial Partners

Legal name

Perennial Investment Management Limited

Website

https://perennial.net.au

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Perennial Partners is a Sydney-based private investment management firm operating since 2000 as a house of specialist active investment teams. It serves wholesale, institutional, and retail investors across Australia and New Zealand via ASX-listed ETFs, managed trusts, and private funds spanning Australian equities, fixed income, ESG, and global strategies.

Ownership category

akta.pro rank

Product category

Active Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector & Industry Equity ETFs (FSAAAFAC)

Keywords

• Active asset management
• Australian equities funds
• ASX-listed ETFs
• Managed investment trusts
• Multi-boutique investment teams

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: Perennial earns management fees from its managed investment trusts and funds. Fees typically charged as a percentage of assets under management, with rates such as 0.80% pa for EIGA (inclusive of GST and RITC) and 0.99% pa for IMPQ.
2. Performance Fees: Monthly performance fee of 20% of any outperformance of the Benchmark Index for certain funds like IMPQ, subject to the Fund's net return being positive and outperforming the index.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Perennial Partners is a Sydney-based boutique active investment manager operating as a "house of specialist investment teams." It sells and manages actively managed investment trusts, ASX-listed ETFs, and wholesale/private investment funds across Australian equities, fixed income, and real assets via subsidiary specialist teams such as Daintree Capital, Fairlight Asset Management, Ziller Funds Management, Melior, and Perennial Better Future. The firm serves wholesale/institutional clients and retail investors via adviser channels and exchange-listed products.

Product overview

Perennial Partners is a house of specialist investment teams offering a diversified portfolio of actively managed investment products across Australian equities, fixed income, and ESG-focused strategies. The core products include Exchange Traded Funds (ETFs) listed on ASX - Perennial Better Future Active ETF (IMPQ) for sustainable investments and Perennial Income Generator Active ETF (EIGA) for income-focused investors. Fixed income offerings are delivered through Daintree Capital including Daintree Core Income Active ETF (DCOR) and Daintree Defensive Plus Trust. The platform also encompasses Perennial Value (value-style Australian equities), Perennial Smaller Companies (small/microcap focus), Perennial Private Investments (private/public equity for wholesale investors), Fairlight Asset Management (global small/mid cap), Ziller Funds Management (global growth), Balmoral Emerging Companies, and Melior Impact Fund. Products are available through ASX trading, direct investment, and various wrap platform distributions.

Differentiator

Problem solved

Functional benefit

Brands

• Perennial Better Future: ESG-focused investment strategy investing in companies making positive contributions to a better future.
• Perennial Private Investments
• Perennial Smaller Companies
• Perennial Solutions Group
• Perennial Value
• Perennial Larger Companies
• Daintree Capital
• Fairlight Asset Management

Products and services

• Perennial Value Microcap Trust Actively managed Australian microcap equities trust offering wholesale and advised investors specialist exposure to smaller listed Australian companies through fundamental security selection.
• Perennial Better Future Trust Sustainability and ESG-themed managed investment trust providing investors exposure to companies positioned for long-term environmental and social outcomes via active management.
• EIGA ETF (ASX-listed) ASX-listed exchange-traded fund providing retail and advised investors liquid, exchange-traded access to a Perennial Partners specialist active investment strategy.
• IMPQ ETF (ASX-listed) ASX-listed exchange-traded fund providing retail and advised investors liquid, exchange-traded access to a Perennial Partners specialist active investment strategy.
• DCOR ETF (ASX-listed) ASX-listed exchange-traded fund providing retail and advised investors liquid, exchange-traded access to a Perennial Partners specialist active investment strategy.
• Daintree Capital funds and mandates Specialist investment products and mandates operated by the Daintree Capital subsidiary team within the Perennial Partners multi-boutique platform.
• Fairlight Asset Management funds and mandates Specialist investment products and mandates operated by the Fairlight Asset Management subsidiary team within the Perennial Partners multi-boutique platform.
• Ziller Funds Management funds and mandates Specialist real assets/debt-oriented investment products and mandates operated by the Ziller Funds Management subsidiary team within the Perennial Partners multi-boutique platform.
• Melior funds and mandates Specialist investment products and mandates operated by the Melior subsidiary team within the Perennial Partners multi-boutique platform.

Quantifiable outcome

• Top 20% ranking among investment managers in RIAA research universe
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered minor and core.

• Global Impact Investing Network (GIIN)minorStrategic or Co-development Partner · 1 January 2024Emilie O'Neill from Perennial Better Future team attended the GIIN Forum in Amsterdam. The GIIN is the global champion of impact investing, dedicated to increasing its scale and effectiveness around the world.
• Ziller Funds ManagementcoreStrategic or Co-development PartnerPerennial Partners partnered with Ziller Funds Management, a boutique investment management firm specializing in global growth equities. Ziller operates as part of Perennial's house of specialist investment teams.
• Daintree Capital ManagementcoreStrategic or Co-development PartnerDaintree Capital is a boutique investment management firm specializing in fixed income portfolios. Part of Perennial Partners' network of specialist investment teams.
• Fairlight Asset ManagementcoreStrategic or Co-development PartnerFairlight Asset Management specializes in global small and mid cap equities, focused on delivering superior investment outcomes through exceptional performance.
• Melior Investment ManagementcoreStrategic or Co-development PartnerMelior Investment Management operates as part of Perennial's ESG-focused investment offerings, managing impact-focused investment strategies.
• OneTreePlantedminorGTM or Marketing PartnerPerennial Partners has committed to plant one tree for each client invested in their funds, working with the OneTreePlanted initiative as part of their sustainability commitments.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Magellan Asset Management: Sydney-based active equities manager offering global and Australian equity strategies via managed funds and ETFs. Closely comparable to Perennial as an Australian-listed/domiciled active manager running concentrated equity portfolios and competing for similar advised and institutional channels.
• Platinum Asset Management: Australian active manager specialising in global equities with a similar emphasis on fundamental, high-conviction stock picking and active management fees. Comparable to Perennial's global equity sleeves (Fairlight, Ziller) and overall active-management orientation.
• Antipodes Partners: Sydney-based active global equities manager offering value-biased and total-return strategies to institutional and retail investors. Directly comparable to Perennial's global SMID (Fairlight) and global growth (Ziller) franchises in mandate type, fee structure and distribution mix.
• WAM Capital: ASX-listed active Australian equities investment company focused on small/mid-cap and emerging companies with a value-tilted approach. Highly comparable to Perennial Smaller Companies and Balmoral Emerging Companies strategies in investment universe, fee model and listed-investment-company structure.
• Ellerston Capital: Boutique Australian active equities manager offering Australian small-cap, mid-cap and global long-only/short strategies. Comparable to Perennial Value, Smaller Companies and global SMID (Fairlight) strategies in target audience, vehicle mix (managed funds + wholesale) and boutique positioning.
• Yarra Capital Management: Australian active asset manager offering Australian equities, fixed income and multi-asset strategies to institutional and wholesale clients. Comparable to Perennial's institutional solutions arm (Perennial Solutions Group) and Daintree fixed-income franchises in client base and product mix.
• Plato Investment Management: Sydney-based active Australian equities manager with a quantitative/fundamental blend and significant institutional and wholesale mandates. Comparable to Perennial Value, Perennial Larger Companies and Perennial Smaller Companies in underlying universe and active-management thesis.
• Auscap Asset Management: Australian boutique focused exclusively on long-only ASX-listed equities with a contrarian, high-conviction approach. Comparable to Perennial Smaller Companies, Balmoral Emerging Companies and Microcap Opportunities strategies in stock-selection style and wholesale target market.
• Coolabah Capital: Sydney-based active fixed-income manager running institutional and retail fixed-income strategies including ETFs and managed accounts. Directly comparable to Perennial's Daintree Capital fixed-income franchise (Daintree Core Income Trust, Daintree High Income Trust, Daintree Defensive Plus Trust, DCOR ETF).

Broad incumbents

• Perpetual Limited: Large, diversified Australian wealth and asset manager with active Australian equities, fixed income and multi-asset strategies. Operates as a broader incumbent offering overlapping capabilities to Perennial's Australian equities and fixed income (Daintree) franchises but at much greater scale and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/perennial_value
• LinkedInlinkedin.com/company/perennial-value-management

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments38 records

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

Frequently asked questions about Perennial Partners