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Macquarie Australian Private Markets appoints Andrew Savage
Andrew Savage has joined Macquarie Investment Management (MIM) as a senior adviser in its Australian Private Markets team.
The group currently has $A6.5 billion in assets under advice investing in private funds, secondary investments and co-investments globally, MIM stated.
Savage spent 15 years with CHAMP Private Equity and co-founded CHAMP Ventures prior to his new role, where he will focus on the team’s co-investment strategy and private equity and growth capital fund investments in Australia, according to MIM.
In welcoming Savage to the team Michael Lukin, head of MIM Private Markets, 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,” he said.
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