Fund Manager Summary
The fund managers believe that Regal Partners Ltd presents a significant investment opportunity despite recent challenges. In their opinion, Regal's focus on Aussie small caps, water rights, and royalties positions it favorably compared to peers like Pinnacle, which is heavily invested in private credit. They note that Regal's recent missteps, including a substantial loss from Opthea, have led to its stock being undervalued at approximately $3.30. The fund managers assert that Regal is growing well and remains cheap relative to historical multiples, suggesting potential for substantial upside. They anticipate continued performance fee generation as the small cap rally persists, making Regal a compelling stock to own at present.
Source: Trading View
Commentary From The Managers
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Seneca Financial Solutions
10 Oct 2025
$3.30
Summary
- Seneca Financial Solutions continues to hold Regal Partners Ltd (RPL) despite recent challenges.
- Regal is one of Australia’s largest global fund managers, known for significant brokerage payments.
- The firm faced investment missteps, notably a loss of $220 million on Opthea, impacting stock perception.
- Regal is strategically focused on Aussie small caps, water rights, and royalties, which are viewed as strong investment areas.
- In comparison, Pinnacle, which focuses on private credit, may be at peak fund flow, making Regal a more attractive option.
- Regal is considered cheap relative to Pinnacle and historical multiples, indicating potential value.
- The company is experiencing growth with potential for upside in performance fees.
- With the ongoing small cap rally, Regal is expected to deliver strong performance moving forward.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Seneca Financial Solutions
10 Oct 2025
$3.30
- Seneca Financial Solutions continues to hold Regal Partners Ltd (RPL) despite recent challenges.
- Regal is one of Australia’s largest global fund managers, known for significant brokerage payments.
- The firm faced investment missteps, notably a loss of $220 million on Opthea, impacting stock perception.
- Regal is strategically focused on Aussie small caps, water rights, and royalties, which are viewed as strong investment areas.
- In comparison, Pinnacle, which focuses on private credit, may be at peak fund flow, making Regal a more attractive option.
- Regal is considered cheap relative to Pinnacle and historical multiples, indicating potential value.
- The company is experiencing growth with potential for upside in performance fees.
- With the ongoing small cap rally, Regal is expected to deliver strong performance moving forward.
Summary
Maple-Brown Abbott
10 Oct 2025
$3.30
- Maple-Brown Abbott identifies Regal Partners Ltd (RPL) as a semi-distressed investment opportunity.
- Regal Partners is a significant global fund manager based in Australia, recognized as a major brokerage payer.
- Despite recent investment missteps, such as a notable loss with Opthea, Maple-Brown Abbott believes Regal is focused on promising sectors like Aussie small caps, water rights, and royalties.
- These sectors are considered more favorable compared to competitors like Pinnacle, which leans towards private credit.
- Maple-Brown Abbott views Regal as undervalued relative to Pinnacle and historical multiples.
- The firm anticipates continued growth and potential upside for Regal Partners.
- With the ongoing small cap rally, Maple-Brown Abbott expects Regal to generate substantial performance fees and possibly exceed expectations.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
In a landscape littered with missteps, Regal Partners appears poised for a comeback, focusing on lucrative sectors like Aussie small caps and royalties. With its current valuation still attractive, it seems well-positioned to deliver surprising upside in an evolving market.
Last Updated: 10 Oct 2025
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Frequently Asked Questions
Who is investing in Regal Partners Ltd (ASX:RPL)?
Fund managers including Maple-Brown Abbott have invested in Regal Partners Ltd (ASX:RPL).
Why do fund managers invest in Regal Partners Ltd?
Fund managers are investing in Regal Partners Ltd due to its strategic focus on promising sectors like Australian small caps, water rights, and royalties, which are seen as better growth opportunities compared to competitors. Despite past investment missteps, Regal's current valuation is considered attractive, with potential for strong performance fees and upside growth, especially as the small cap market continues to rally.
What happened to Regal Partners Ltd (ASX:RPL)?
Fund managers are investing in Regal Partners Ltd due to its focus on promising sectors like Australian small caps, water rights, and royalties, which they believe offer better growth potential compared to competitors like Pinnacle. Despite recent investment missteps, Regal is considered undervalued relative to historical multiples and is expected to generate significant performance fees as market conditions improve.