Exide Industries is an Australian fund focused on emerging technology.
The company says it’s the “largest digital asset fund in the world”.
It has more than $1 billion under management and has a market cap of $15.9 billion.
The firm invests in tech companies, digital assets, financial services and energy.
CEO Tim Evans said the fund is growing by $150 million every month.
“We have the highest return on assets per dollar invested in any fund in Australia and we also have the second largest return on equity per dollar in the fund,” he said.
“It’s one of the reasons we are in the industry today.”
The company has more recent history, as it was part of a major fund called the Emerging Global Venture Fund.
Exide has been growing by an average of more than 30 per cent a year since 2014.
The fund is worth more than double the value of the average fund in Asia and is one of several emerging markets funds around the world.
“Exide is uniquely positioned to capture the growth opportunities and opportunities of emerging markets, as well as the potential for returns in the sector,” Evans said.
Exide Industries has also made investments in Australian equities, with a market capitalisation of more $20 billion.
“In the space of five years we’ve invested $25 billion in Australian shares,” Evans explained.
“We have invested more than any other fund in this space.”
It’s not just money invested in Australian stocks that Exide invests in.
It also invests in technology and energy companies.
In its first year of operations, the fund’s assets were worth $3.4 billion.
Exides investments in the space include a $300 million loan to an Australian energy company, and another $150m loan to a technology firm.
ExIDE is currently on a five-year journey of growing its portfolio.
“Investing in tech is really what we’ve been doing,” Evans told New York magazine.
“What we’re doing now is a really large portfolio, we’ve got some $100 million invested in Australia now.
We’ve got an investment in a company in the US, a company that we think is a good candidate for funding.”
“I think we have the opportunity to build something that is the largest digital asset investment fund in that space,” he added.
“The way we view the space, we are looking at a very different set of risks to what is happening in the technology space.”
The Australian market for tech companies has seen a big boom, with companies like Netflix and Spotify, and other tech giants like Airbnb and Google, expanding their presence in Australia.
“Our fund invests in companies in the Australian tech sector that are very important to our country and we think that the investments that we make will pay off in the future,” Evans added.
The fund has also received $100m from the Federal Government, which has a stated goal of building a new $100 billion fund. “
This fund has a lot of money invested and there’s a lot to be gained from that investment.”
The fund has also received $100m from the Federal Government, which has a stated goal of building a new $100 billion fund.
While Exide may be focusing on the emerging markets in Australia, the company is also actively investing in emerging markets around the globe.
In January, the firm announced it was partnering with a US hedge fund, the Carlyle Group, to invest $300m in the emerging tech space.