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Pacific Current Group (ASX:PAC), an investor in boutique asset managers, has simplified its portfolio through asset sales and buybacks. In June 2026, DS Capital noted Pacific Current made significant progress during the year simplifying its portfolio through targeted asset sales and substantial share buybacks, praising management's discipline. Oracle Advisory Group had exited in December 2025, saying its thesis was broken after events of the prior two years changed its expectations for the company's wind-down. Pacific Current Group operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 6 comments from 3 fund managers, including DS Capital and Oracle. Headquartered in Melbourne, Pacific Current Group takes equity stakes in investment managers, providing capital and distribution support to boutique asset management firms globally, with interests across private markets, real assets and alternative strategies, and has been realising investments to return capital to shareholders.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Oracle Advisory Group, DS Capital and Lanyon Investment Fund have invested in Pacific Current Group Ltd (ASX:PAC).
DS Capital highlights portfolio simplification through asset sales and substantial share buybacks returning capital to shareholders.
Oracle exited because its investment thesis was broken, reflecting uncertainty about how Pacific Current would realise value from its remaining stakes.
Pacific Current Group Ltd is an Australian investment firm headquartered in Melbourne. Founded in 1987 by Lee IaFraté, the company specializes in equity investments across asset managers, private advisory, placement, and investment-related firms. Its business operations are structured into three segments: Tier 1 Boutique, Tier 2 Boutique, and Central Administration. The firm focuses on supporting and scaling investment boutiques through strategic capital and operational resources.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.