Salter Brothers, a global alternative asset manager, is pleased to announce that the Salter Brothers Tech Fund (Fund) has completed two portfolio exits and made its sixth and final investment, marking a standout quarter that highlights the strength of the Fund’s distinctive capital-plus investment model.
— For the quarter ended 30 June 2026, the Fund delivered a 14.3% return on a like for like basis (inclusive of the cash distribution), a return of more than 35% since the Fund’s launch in April 2024.
Two full exits of payments platform IPSI and procurement software business Marketboomer, were completed within 24 months of their initial investments. IPSI was acquired by Commonwealth Bank in an all-cash transaction, delivering unitholders an internal rate of return (IRR) in excess of 100%. Marketboomer, the Fund’s first investment, was acquired by a US private equity firm in an all-cash transaction, expected to deliver a return of approximately c30% IRR.
Notably, both transactions retained their original bid pricing through to completion, despite a considerably more challenging market backdrop in the second half of financial year 2026, including a sharp global correction in technology company valuations and an energy-driven market shock stemming from escalating conflict in the Middle East.
Salter Brothers Head of Equities, Gregg Taylor stated “IPSI and Marketboomer are exactly the type of outcomes this Fund was established to deliver. We identified these businesses early, invested with conviction, worked closely with management to support their growth and successfully realised value through disciplined exits.”
“Holding original bid pricing through completion, in one of the toughest windows we have seen for technology valuations, says as much about the quality of these businesses as it does about our process,” Gregg Taylor added.
The Fund also confirmed its sixth and final investment: EngageRM, a global software-as-a-service (SaaS) CRM platform purpose-built for the sports and entertainment industries. EngageRM serves more than 50 leading clients across North America, the UK/Europe and Australia/New Zealand, including organisations across the NBA, the Premier League, the AFL, the NRL, as well as major live entertainment venues and promoters worldwide. As part of the investment, Gregg Taylor has joined the EngageRM board as a director and Emily Mohan has joined as a board observer.
Since inception, the Fund and its co-investment partners, have deployed approximately A$46 million across six investments.
A capital-plus investment model, underpinned by disciplined execution
The Fund’s performance reflects the strength of Salter Brothers’ capital-plus investment model, combining disciplined capital allocation with active ownership to help exceptional technology businesses achieve their growth potential.
The Fund focuses on identifying high-quality, growth-oriented companies led by experienced management teams and supports them through active board representation and strategic guidance. This approach is complemented by a high-calibre advisory board comprising specialists across fintech, payments, telecommunications, enterprise software and sports technology, providing deep sector expertise throughout the investment lifecycle.
Every portfolio company benefits from an active Salter Brothers board representative, reinforcing the Fund’s hands-on approach to governance, strategic decision-making and long-term value creation.
“This is our capital-plus investment model delivering exactly as intended. Achieving two successful portfolio exits within 24 months, both at full value despite one of the most challenging investment environments in recent years. The result of disciplined investment selection, active board engagement and the strength of our advisory network. We built this Fund to identify outstanding businesses early, partner closely with management teams and create long-term value for our investors. These outcomes reinforce the confidence our investors and co-investment partners continue to place in our investment approach,” said Salter Brothers Chief Executive Officer, Robert Salter.
The Fund’s remaining portfolio includes Prospa, Skymesh, Sports Collective and EngageRM, which continue to perform in line with their strategic growth plans, with several businesses actively pursuing acquisition and strategic partnership opportunities. Salter Brothers remains focused on supporting these companies through their next phase of growth while continuing to execute the Fund’s investment strategy and support value creation initiatives across the portfolio.
About Salter Brothers Tech Fund
The Salter Brothers Tech Fund is a wholesale equity fund that identifies and invests in established, high-growth Australian and New Zealand technology companies with proven unit economics and clear pathways to exit. The Fund is managed by Salter Brothers Tech Fund Manager Pty Ltd, a corporate authorised representative of Salter Brothers Asset Management Pty Ltd (AFSL 308 971). https://salterbrothers.com.au/techfund/
Important information and disclaimer available click here. This release is issued by Salter Brothers Tech Fund Manager Pty Ltd, a corporate authorised representative of Salter Brothers Asset Management Pty Ltd (AFSL 308 971). It is provided for general information purposes only. It does not constitute financial product advice, investment, legal or tax advice, or an offer, invitation, solicitation or recommendation to acquire any financial product. The Salter Brothers Tech Fund is available only to wholesale clients (as defined in the Corporations Act 2001 (Cth)). Unless otherwise stated, performance figures and returns referred to in this release are stated net of Fund-level fees and expenses and are calculated as at the applicable reporting, valuation or transaction date referred to in the relevant statement. Past performance is not a reliable indicator of future performance. Any forward-looking statements, estimates or projections are based on current expectations and assumptions and are subject to risks and uncertainties. Actual outcomes may differ materially from those described. Returns referenced (including IRR and multiple-on-money figures) may be estimates and are subject to change. Prospective investors should refer to the Fund’s Information Memorandum and other disclosure materials before making any investment decision.
Release Id: 89201364
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