Expertise

Impact

Expertise

Impact

People

Experienced Leadership with Proven Track Records

Our team combines deep private equity expertise with extensive networks across Australian business sectors. Each partner brings over 25 years of experience and commits personal capital to every investment.

People

Experienced Leadership with Proven Track Records

Our team combines deep private equity expertise with extensive networks across Australian business sectors. Each partner brings over 25 years of experience and commits personal capital to every investment.

People

Experienced Leadership with Proven Track Records

Our team combines deep private equity expertise with extensive networks across Australian business sectors. Each partner brings over 25 years of experience and commits personal capital to every investment.

People

Experienced Leadership with Proven Track Records

Our team combines deep private equity expertise with extensive networks across Australian business sectors. Each partner brings over 25 years of experience and commits personal capital to every investment.

People

Experienced Leadership with Proven Track Records

Our team combines deep private equity expertise with extensive networks across Australian business sectors. Each partner brings over 25 years of experience and commits personal capital to every investment.

Portrait of Darren Smorgon

Darren Smorgon

Managing Director  

Managing Director of Sandbar Investments, a Sydney-based family office, Darren has completed several successful growth equity investments including Hub Australia, Total Drains Group, and St Andrews Insurance. He co-founded and serves on the board of Arrowpoint Capital, a senior secured private capital provider. Previously, Darren spent 16 years as a partner at CHAMP Private Equity (now CPE Capital).

LinkedIn

Steven Katz 

Managing Director  

Steven recently completed his investment banking career as Managing Director and Founding Partner of Moelis Australia's Melbourne office. With over 25 years of experience, he brings extensive expertise across Healthcare, Retail and Consumer, General Industrial, and Financial Sponsor sectors. His deep understanding of M&A processes and capital markets provides invaluable strategic guidance to our portfolio companies.

LinkedIn

Portrait of Steven Katz
Portrait of Lachy Clark

Lachy Clark

Investment Manager

Lachy Clark is a finance specialist with a background in funds management, M&A, and corporate development. Most recently, Lachy served as an Investment Manager at the Victor Smorgon Group, where he worked alongside senior leadership teams in the retail and manufacturing sectors to optimise performance and scale operations. Now at Partnership Capital, Lachy leverages his operational and transactional expertise to lead deal origination, execution, and portfolio management.

LinkedIn

Portrait of Darren Smorgon

Darren Smorgon

Managing Director  

Managing Director of Sandbar Investments, a Sydney-based family office, Darren has completed several successful growth equity investments including Hub Australia, Total Drains Group, and St Andrews Insurance. He co-founded and serves on the board of Arrowpoint Capital, a senior secured private capital provider. Previously, Darren spent 16 years as a partner at CHAMP Private Equity (now CPE Capital).

LinkedIn

Steven Katz 

Managing Director  

Steven recently completed his investment banking career as Managing Director and Founding Partner of Moelis Australia's Melbourne office. With over 25 years of experience, he brings extensive expertise across Healthcare, Retail and Consumer, General Industrial, and Financial Sponsor sectors. His deep understanding of M&A processes and capital markets provides invaluable strategic guidance to our portfolio companies.

LinkedIn

Portrait of Steven Katz
Portrait of Lachy Clark

Lachy Clark

Investment Manager

Lachy Clark is a finance specialist with a background in funds management, M&A, and corporate development. Most recently, Lachy served as an Investment Manager at the Victor Smorgon Group, where he worked alongside senior leadership teams in the retail and manufacturing sectors to optimise performance and scale operations. Now at Partnership Capital, Lachy leverages his operational and transactional expertise to lead deal origination, execution, and portfolio management.

LinkedIn

Portrait of Darren Smorgon

Darren Smorgon

Managing Director  

Managing Director of Sandbar Investments, a Sydney-based family office, Darren has completed several successful growth equity investments including Hub Australia, Total Drains Group, and St Andrews Insurance. He co-founded and serves on the board of Arrowpoint Capital, a senior secured private capital provider. Previously, Darren spent 16 years as a partner at CHAMP Private Equity (now CPE Capital).

LinkedIn

Steven Katz 

Managing Director  

Steven recently completed his investment banking career as Managing Director and Founding Partner of Moelis Australia's Melbourne office. With over 25 years of experience, he brings extensive expertise across Healthcare, Retail and Consumer, General Industrial, and Financial Sponsor sectors. His deep understanding of M&A processes and capital markets provides invaluable strategic guidance to our portfolio companies.

LinkedIn

Portrait of Steven Katz
Portrait of Lachy Clark

Lachy Clark

Investment Manager

Lachy Clark is a finance specialist with a background in funds management, M&A, and corporate development. Most recently, Lachy served as an Investment Manager at the Victor Smorgon Group, where he worked alongside senior leadership teams in the retail and manufacturing sectors to optimise performance and scale operations. Now at Partnership Capital, Lachy leverages his operational and transactional expertise to lead deal origination, execution, and portfolio management.

LinkedIn

Portrait of Darren Smorgon

Darren Smorgon

Managing Director  

Managing Director of Sandbar Investments, a Sydney-based family office, Darren has completed several successful growth equity investments including Hub Australia, Total Drains Group, and St Andrews Insurance. He co-founded and serves on the board of Arrowpoint Capital, a senior secured private capital provider. Previously, Darren spent 16 years as a partner at CHAMP Private Equity (now CPE Capital).

LinkedIn

Steven Katz 

Managing Director  

Steven recently completed his investment banking career as Managing Director and Founding Partner of Moelis Australia's Melbourne office. With over 25 years of experience, he brings extensive expertise across Healthcare, Retail and Consumer, General Industrial, and Financial Sponsor sectors. His deep understanding of M&A processes and capital markets provides invaluable strategic guidance to our portfolio companies.

LinkedIn

Portrait of Steven Katz
Portrait of Lachy Clark

Lachy Clark

Investment Manager

Lachy Clark is a finance specialist with a background in funds management, M&A, and corporate development. Most recently, Lachy served as an Investment Manager at the Victor Smorgon Group, where he worked alongside senior leadership teams in the retail and manufacturing sectors to optimise performance and scale operations. Now at Partnership Capital, Lachy leverages his operational and transactional expertise to lead deal origination, execution, and portfolio management.

LinkedIn

Portrait of Darren Smorgon

Darren Smorgon

Managing Director  

Managing Director of Sandbar Investments, a Sydney-based family office, Darren has completed several successful growth equity investments including Hub Australia, Total Drains Group, and St Andrews Insurance. He co-founded and serves on the board of Arrowpoint Capital, a senior secured private capital provider. Previously, Darren spent 16 years as a partner at CHAMP Private Equity (now CPE Capital).

LinkedIn

Steven Katz 

Managing Director  

Steven recently completed his investment banking career as Managing Director and Founding Partner of Moelis Australia's Melbourne office. With over 25 years of experience, he brings extensive expertise across Healthcare, Retail and Consumer, General Industrial, and Financial Sponsor sectors. His deep understanding of M&A processes and capital markets provides invaluable strategic guidance to our portfolio companies.

LinkedIn

Portrait of Steven Katz
Portrait of Lachy Clark

Lachy Clark

Investment Manager

Lachy Clark is a finance specialist with a background in funds management, M&A, and corporate development. Most recently, Lachy served as an Investment Manager at the Victor Smorgon Group, where he worked alongside senior leadership teams in the retail and manufacturing sectors to optimise performance and scale operations. Now at Partnership Capital, Lachy leverages his operational and transactional expertise to lead deal origination, execution, and portfolio management.

LinkedIn

Board Members

Portrait of Bruno Silva

Bruno Silva

IC Member

Bruno Martins Silva is an investor and entrepreneur with 20+ years of experience in private equity and operations. He previously led the private equity team at the Victor Smorgon Group and served as Managing Principal at Arlon Group. Notable achievements include scaling Alvoar Lácteos into a top-five Brazilian dairy producer and leading the Aesop acquisition for Natura.

LinkedIn

Portrait of Stephen Koseff

Stephen Koseff

Non-Executive Chair

Stephen Koseff was for 30+ years the Investec Group’s Limited’s Chief Executive Officer. He is currently a Director of Investec Plc, Chair of Bidcorp Group and a co-founder and Chairman of Arrowpoint Capital. Stephen's previous roles include Chairman of the South African Banking Association, Member of the Financial Markets Advisory Board and Chairman of the Independent Bankers Association. Stephen has been the recipient of numerous international awards including Jewish Businessman of the Year, Moneyweb CEO of the Year (2003) and Sunday Times Lifetime Achievers Award (2009).

LinkedIn

Board Members

Portrait of Bruno Silva

Bruno Silva

IC Member

Bruno Martins Silva is an investor and entrepreneur with 20+ years of experience in private equity and operations. He previously led the private equity team at the Victor Smorgon Group and served as Managing Principal at Arlon Group. Notable achievements include scaling Alvoar Lácteos into a top-five Brazilian dairy producer and leading the Aesop acquisition for Natura.

LinkedIn

Portrait of Stephen Koseff

Stephen Koseff

Non-Executive Chair

Stephen Koseff was for 30+ years the Investec Group’s Limited’s Chief Executive Officer. He is currently a Director of Investec Plc, Chair of Bidcorp Group and a co-founder and Chairman of Arrowpoint Capital. Stephen's previous roles include Chairman of the South African Banking Association, Member of the Financial Markets Advisory Board and Chairman of the Independent Bankers Association. Stephen has been the recipient of numerous international awards including Jewish Businessman of the Year, Moneyweb CEO of the Year (2003) and Sunday Times Lifetime Achievers Award (2009).

LinkedIn

Board Members

Portrait of Bruno Silva

Bruno Silva

IC Member

Bruno Martins Silva is an investor and entrepreneur with 20+ years of experience in private equity and operations. He previously led the private equity team at the Victor Smorgon Group and served as Managing Principal at Arlon Group. Notable achievements include scaling Alvoar Lácteos into a top-five Brazilian dairy producer and leading the Aesop acquisition for Natura.

LinkedIn

Portrait of Stephen Koseff

Stephen Koseff

Non-Executive Chair

Stephen Koseff was for 30+ years the Investec Group’s Limited’s Chief Executive Officer. He is currently a Director of Investec Plc, Chair of Bidcorp Group and a co-founder and Chairman of Arrowpoint Capital. Stephen's previous roles include Chairman of the South African Banking Association, Member of the Financial Markets Advisory Board and Chairman of the Independent Bankers Association. Stephen has been the recipient of numerous international awards including Jewish Businessman of the Year, Moneyweb CEO of the Year (2003) and Sunday Times Lifetime Achievers Award (2009).

LinkedIn

Board Members

Portrait of Bruno Silva

Bruno Silva

IC Member

Bruno Martins Silva is an investor and entrepreneur with 20+ years of experience in private equity and operations. He previously led the private equity team at the Victor Smorgon Group and served as Managing Principal at Arlon Group. Notable achievements include scaling Alvoar Lácteos into a top-five Brazilian dairy producer and leading the Aesop acquisition for Natura.

LinkedIn

Portrait of Stephen Koseff

Stephen Koseff

Non-Executive Chair

Stephen Koseff was for 30+ years the Investec Group’s Limited’s Chief Executive Officer. He is currently a Director of Investec Plc, Chair of Bidcorp Group and a co-founder and Chairman of Arrowpoint Capital. Stephen's previous roles include Chairman of the South African Banking Association, Member of the Financial Markets Advisory Board and Chairman of the Independent Bankers Association. Stephen has been the recipient of numerous international awards including Jewish Businessman of the Year, Moneyweb CEO of the Year (2003) and Sunday Times Lifetime Achievers Award (2009).

LinkedIn

Board Members

Portrait of Bruno Silva

Bruno Silva

IC Member

Bruno Martins Silva is an investor and entrepreneur with 20+ years of experience in private equity and operations. He previously led the private equity team at the Victor Smorgon Group and served as Managing Principal at Arlon Group. Notable achievements include scaling Alvoar Lácteos into a top-five Brazilian dairy producer and leading the Aesop acquisition for Natura.

LinkedIn

Portrait of Stephen Koseff

Stephen Koseff

Non-Executive Chair

Stephen Koseff was for 30+ years the Investec Group’s Limited’s Chief Executive Officer. He is currently a Director of Investec Plc, Chair of Bidcorp Group and a co-founder and Chairman of Arrowpoint Capital. Stephen's previous roles include Chairman of the South African Banking Association, Member of the Financial Markets Advisory Board and Chairman of the Independent Bankers Association. Stephen has been the recipient of numerous international awards including Jewish Businessman of the Year, Moneyweb CEO of the Year (2003) and Sunday Times Lifetime Achievers Award (2009).

LinkedIn

Logo of Victor Smorgon Group

We’re proud to be a family business, partnered with one of Australia’s most successful family offices, the Victor Smorgon Group, and chaired by industry leader Stephen Koseff. We understand the unique dynamics of family-owned companies and bring that insight, trust, and long-term perspective to every opportunity we pursue.

Logo of Victor Smorgon Group

We’re proud to be a family business, partnered with one of Australia’s most successful family offices, the Victor Smorgon Group, and chaired by industry leader Stephen Koseff. We understand the unique dynamics of family-owned companies and bring that insight, trust, and long-term perspective to every opportunity we pursue.

Logo of Victor Smorgon Group

We’re proud to be a family business, partnered with one of Australia’s most successful family offices, the Victor Smorgon Group, and chaired by industry leader Stephen Koseff. We understand the unique dynamics of family-owned companies and bring that insight, trust, and long-term perspective to every opportunity we pursue.

Logo of Victor Smorgon Group

We’re proud to be a family business, partnered with one of Australia’s most successful family offices, the Victor Smorgon Group, and chaired by industry leader Stephen Koseff. We understand the unique dynamics of family-owned companies and bring that insight, trust, and long-term perspective to every opportunity we pursue.

Logo of Victor Smorgon Group

We’re proud to be a family business, partnered with one of Australia’s most successful family offices, the Victor Smorgon Group, and chaired by industry leader Stephen Koseff. We understand the unique dynamics of family-owned companies and bring that insight, trust, and long-term perspective to every opportunity we pursue.

Our collective advantage

Combined 100+ years of private equity, M&A, and minority investing experience

Extensive networks across Australian business communities

Proven track record of value creation and operational improvement

Personal financial commitment to every investment alongside our partners

Deep sector expertise across our target industries

Presence in Sydney and Melbourne

Our collective advantage

Combined 100+ years of private equity, M&A, and minority investing experience

Extensive networks across Australian business communities

Proven track record of value creation and operational improvement

Personal financial commitment to every investment alongside our partners

Deep sector expertise across our target industries

Presence in Sydney and Melbourne

Our collective advantage

Combined 100+ years of private equity, M&A, and minority investing experience

Extensive networks across Australian business communities

Proven track record of value creation and operational improvement

Personal financial commitment to every investment alongside our partners

Deep sector expertise across our target industries

Presence in Sydney and Melbourne

Our collective advantage

Combined 100+ years of private equity, M&A, and minority investing experience

Extensive networks across Australian business communities

Proven track record of value creation and operational improvement

Personal financial commitment to every investment alongside our partners

Deep sector expertise across our target industries

Presence in Sydney and Melbourne

Our collective advantage

Combined 100+ years of private equity, M&A, and minority investing experience

Extensive networks across Australian business communities

Proven track record of value creation and operational improvement

Personal financial commitment to every investment alongside our partners

Deep sector expertise across our target industries

Presence in Sydney and Melbourne

Get in touch

If you are someone who welcomes strategic input and fresh perspectives, then we can make great things happen.

Get in touch

If you are someone who welcomes strategic input and fresh perspectives, then we can make great things happen.

Get in touch

If you are someone who welcomes strategic input and fresh perspectives, then we can make great things happen.

Get in touch

If you are someone who welcomes strategic input and fresh perspectives, then we can make great things happen.

Get in touch

If you are someone who welcomes strategic input and fresh perspectives, then we can make great things happen.

This website is issued by Partnership Capital Pty Ltd (ACN 688 861 350) (Partnership Capital) as a Corporate Authorised Representative (CAR ) of Polar 993 Advisory Pty Ltd (ACN 649 554 932) (AFSL 531197) (Polar Advisory). Partnership Capital's authority under its Corporate Authorised Representative Agreement with Polar Advisory is limited to general advice regarding the Partnership Capital Master Fund only to wholesale clients. Polar 993 Limited (ACN 642 129 226) (AFSL 525458) (Polar 993) is the trustee of the Partnership Capital Master Fund . Any information on this website is of a general nature only and is not to be taken to contain any financial product advice or recommendation. Nothing on this website is intended as financial product advice and it does not take into account any person’s investment objectives, financial circumstances or specific needs. Any information is neither an offer to sell nor a solicitation of any offer to acquire interests or any other investment and should not be used as the basis for making an investment in the Partnership Capital Master Fund. Partnership Capital, Polar 993 and Polar Advisory and their directors, officers, employees, agents or associates do not guarantee repayment of capital, the performance of any fund or any service. Past performance is not a reliable indicator of future performances.

This website is issued by Partnership Capital Pty Ltd (ACN 688 861 350) (Partnership Capital) as a Corporate Authorised Representative (CAR ) of Polar 993 Advisory Pty Ltd (ACN 649 554 932) (AFSL 531197) (Polar Advisory). Partnership Capital's authority under its Corporate Authorised Representative Agreement with Polar Advisory is limited to general advice regarding the Partnership Capital Master Fund only to wholesale clients. Polar 993 Limited (ACN 642 129 226) (AFSL 525458) (Polar 993) is the trustee of the Partnership Capital Master Fund . Any information on this website is of a general nature only and is not to be taken to contain any financial product advice or recommendation. Nothing on this website is intended as financial product advice and it does not take into account any person’s investment objectives, financial circumstances or specific needs. Any information is neither an offer to sell nor a solicitation of any offer to acquire interests or any other investment and should not be used as the basis for making an investment in the Partnership Capital Master Fund. Partnership Capital, Polar 993 and Polar Advisory and their directors, officers, employees, agents or associates do not guarantee repayment of capital, the performance of any fund or any service. Past performance is not a reliable indicator of future performances.

This website is issued by Partnership Capital Pty Ltd (ACN 688 861 350) (Partnership Capital) as a Corporate Authorised Representative (CAR ) of Polar 993 Advisory Pty Ltd (ACN 649 554 932) (AFSL 531197) (Polar Advisory). Partnership Capital's authority under its Corporate Authorised Representative Agreement with Polar Advisory is limited to general advice regarding the Partnership Capital Master Fund only to wholesale clients. Polar 993 Limited (ACN 642 129 226) (AFSL 525458) (Polar 993) is the trustee of the Partnership Capital Master Fund . Any information on this website is of a general nature only and is not to be taken to contain any financial product advice or recommendation. Nothing on this website is intended as financial product advice and it does not take into account any person’s investment objectives, financial circumstances or specific needs. Any information is neither an offer to sell nor a solicitation of any offer to acquire interests or any other investment and should not be used as the basis for making an investment in the Partnership Capital Master Fund. Partnership Capital, Polar 993 and Polar Advisory and their directors, officers, employees, agents or associates do not guarantee repayment of capital, the performance of any fund or any service. Past performance is not a reliable indicator of future performances.

This website is issued by Partnership Capital Pty Ltd (ACN 688 861 350) (Partnership Capital) as a Corporate Authorised Representative (CAR ) of Polar 993 Advisory Pty Ltd (ACN 649 554 932) (AFSL 531197) (Polar Advisory). Partnership Capital's authority under its Corporate Authorised Representative Agreement with Polar Advisory is limited to general advice regarding the Partnership Capital Master Fund only to wholesale clients. Polar 993 Limited (ACN 642 129 226) (AFSL 525458) (Polar 993) is the trustee of the Partnership Capital Master Fund . Any information on this website is of a general nature only and is not to be taken to contain any financial product advice or recommendation. Nothing on this website is intended as financial product advice and it does not take into account any person’s investment objectives, financial circumstances or specific needs. Any information is neither an offer to sell nor a solicitation of any offer to acquire interests or any other investment and should not be used as the basis for making an investment in the Partnership Capital Master Fund. Partnership Capital, Polar 993 and Polar Advisory and their directors, officers, employees, agents or associates do not guarantee repayment of capital, the performance of any fund or any service. Past performance is not a reliable indicator of future performances.

This website is issued by Partnership Capital Pty Ltd (ACN 688 861 350) (Partnership Capital) as a Corporate Authorised Representative (CAR ) of Polar 993 Advisory Pty Ltd (ACN 649 554 932) (AFSL 531197) (Polar Advisory). Partnership Capital's authority under its Corporate Authorised Representative Agreement with Polar Advisory is limited to general advice regarding the Partnership Capital Master Fund only to wholesale clients. Polar 993 Limited (ACN 642 129 226) (AFSL 525458) (Polar 993) is the trustee of the Partnership Capital Master Fund . Any information on this website is of a general nature only and is not to be taken to contain any financial product advice or recommendation. Nothing on this website is intended as financial product advice and it does not take into account any person’s investment objectives, financial circumstances or specific needs. Any information is neither an offer to sell nor a solicitation of any offer to acquire interests or any other investment and should not be used as the basis for making an investment in the Partnership Capital Master Fund. Partnership Capital, Polar 993 and Polar Advisory and their directors, officers, employees, agents or associates do not guarantee repayment of capital, the performance of any fund or any service. Past performance is not a reliable indicator of future performances.