• Pinnacle to acquire up to 13% of Advantage Partners, a leading private markets platform in Japan
• Partnership to accelerate Advantage Partners' growth, leveraging Pinnacle's global distribution and Tokyo Century's networks
• Deepens Pinnacle's presence in the attractive Japanese pension and insurance market

Pinnacle Investment Management Group Limited (ASX: PNI) has announced that it has reached an agreement to acquire a strategic interest of up to 13% in Advantage Partners, the largest independent, diversified private markets platform in Japan. Pinnacle will initially acquire a 5% stake for A$92 million and has an option to acquire a further 8% at a similar valuation over the next 3 years. Pinnacle will invest alongside Advantage Partners' existing strategic partner, Tokyo Century (TSE: 8439), with the Managing Partners and staff retaining a majority stake. The partnership is expected to accelerate Advantage Partners' growth, leveraging Pinnacle's global distribution capabilities and Tokyo Century's domestic and international networks and balance sheet commitment to Advantage Partners' funds. Advantage Partners has strong organic growth potential, with near-term growth driven by larger fund raises in its JBO and Private Solutions funds, expected to take the group's FUM from approximately US$3 billion to US$6.5 billion+ over the next 12 months. The transaction further demonstrates Pinnacle's ability to partner with world-class investment managers and expand its global platform, particularly in attractive asset classes and geographies like the strategically important Japanese market.

Advantage Partners is expected to grow its FUM from approximately US$3 billion to US$6.5 billion+ over the next 12 months, driven by larger fund raises in its JBO and Private Solutions funds.