Fund Manager Summary
The fund managers believe that Navigator Global Investments Ltd (NGI) presents a compelling investment opportunity following a period of significant transformation. In their opinion, the company has effectively addressed past challenges, such as an overcomplicated redemption repayment structure and lack of earnings transparency, particularly after the recent capital raise and the appointment of CEO Stephen Darke. The fund managers note that NGI's share price, currently around $1.75, still reflects a material discount to the cost of replicating its diversified portfolio of private market and liquid alternatives managers. With the company’s financial position strengthened, they are optimistic about future prospects and anticipate continued growth in the coming months.
Source: Trading View
Commentary From The Managers
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Wilson Asset Management
17 Nov 2025
$3.01
Summary
- Navigator Global Investments (NGI) hosted its investor day, showcasing partnerships with leading managers.
- Strong endorsements from partners 1315 Healthcare and Waterfall AM highlight Navigator’s value-add.
- Navigator typically acquires 5-25% of a business, providing growth capital and strategic advice.
- Access to the Blue Owl Business Services Platform enhances Navigator's offerings.
- Active pipeline of potential new partner firms targeting growth in private equity and real assets.
- Organic growth targets: Lighthouse aiming for 5% EBITDA growth and NGI Strategic targeting 10%.
- US$80 million in strategic acquisitions aimed at expanding opportunities.
- Navigator is positioned to achieve its 2030 goal of doubling EBITDA from 2025.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Wilson Asset Management
17 Nov 2025
$3.01
- Navigator Global Investments (NGI) hosted its investor day, showcasing partnerships with leading managers.
- Strong endorsements from partners 1315 Healthcare and Waterfall AM highlight Navigator’s value-add.
- Navigator typically acquires 5-25% of a business, providing growth capital and strategic advice.
- Access to the Blue Owl Business Services Platform enhances Navigator's offerings.
- Active pipeline of potential new partner firms targeting growth in private equity and real assets.
- Organic growth targets: Lighthouse aiming for 5% EBITDA growth and NGI Strategic targeting 10%.
- US$80 million in strategic acquisitions aimed at expanding opportunities.
- Navigator is positioned to achieve its 2030 goal of doubling EBITDA from 2025.
Summary
Ausbil Investment Management
30 Apr 2025
$1.75
- Navigator Global Investments (NGI) rose +12.8% for the month following a transformational period for the company.
- NGI owns minority stakes in a diversified portfolio of private market and liquid alternatives managers globally.
- Historically, NGI suffered from an overcomplicated redemption repayment structure and a lack of earnings transparency.
- Following a discounted capital raise completed in December, which Ausbil participated in, and the appointment of dynamic CEO Stephen Darke, the company has overcome several shortcomings.
- The business is still trading at a material discount to the cost of replicating a similar portfolio of underlying managers.
- With the coffers replenished, Ausbil is excited about the future prospects of the company.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"It seems Navigator Global Investments is on the cusp of a turnaround, shedding past complexities and embracing a more transparent future. With a fresh leadership and a revitalized balance sheet, the potential for growth appears promising, even as the market remains skeptical at current valuations."
Last Updated: 17 Nov 2025
Query The Data
Frequently Asked Questions
Who is investing in Navigator Global Investments Ltd (ASX:NGI)?
Fund managers including Ausbil and Wilson Asset Management have invested in Navigator Global Investments Ltd (ASX:NGI).
Why do fund managers invest in Navigator Global Investments Ltd?
Fund managers are investing in Navigator Global Investments Ltd due to its recent positive performance and strategic changes. The company has addressed previous issues related to redemption structures and earnings transparency, particularly after a successful capital raise and the appointment of a new CEO. With a diversified portfolio of private market and liquid alternatives managers, and trading at a significant discount compared to the cost of replicating its portfolio, fund managers see strong future potential for growth.
What happened to Navigator Global Investments Ltd (ASX:NGI)?
Fund managers are investing in Navigator Global Investments Ltd (NGI) due to its strategic partnerships with leading asset managers and its disciplined approach to growth. NGI focuses on acquiring minority stakes in firms, providing them with growth capital and strategic support. With a robust pipeline of potential partnerships and targeted acquisitions, NGI aims for significant EBITDA growth, positioning itself well for long-term value creation.