Parc Utiliti Venture Fund (PUVF) Launch

Puvf Fund Launch Parc Capital

We are delighted to launch our second fund, the Parc Utiliti Venture Fund, backing strong growth themes emerging as a direct result of technology adoption across businesses today. Such growth is driven by the necessity of businesses to improve operational efficiencies and by consumers now ready to embrace change in behaviours.

Parc’s latest Fund targets a portfolio of outstanding scale-up businesses led by backable and experienced operators, with service models that transform their respective sectors and challenge traditional participants.

The investment strategy targets a highly selected set of growth themes, and backing the strongest businesses through to profitability, scale and exit.

The Fund’s first investment is an emerging telehealth company, Mosh.  Mosh is fast advancing in the Australian Men’s Health and Wellness sector, transforming the delivery of health services. Telehealth globally is advancing at the rate of 20% + pa; and the Australian’s men’s health sector is primed for similar growth, servicing the next generation of digitally hungry and tech savvy-customers.

“There is significant advancement from forced adoption of telehealth technology as a result of COVID, which is fast-tracking the maturity of the telehealth industry by at least 5 years” says Mosh co-founder Gabriel Baker.  “We are fortunate to be in the right place at the right time with the right team and are confident that with Parc’s advice and stewardship we can steer the business towards accelerated success”.

Parc’s principles are former owner operators, who have navigated the commercialisation journey many times now, bringing strong commercial experience, business savviness and active stewardship to its investments, with a particular strength in technology enablement.

“We back quality owner operators and actively bring all our own owner-operator and investment experience & networks, into each company to build value and high quality enduring businesses,” says Head of Parc Ventures, Jason Serda. Jason was the former Chief Technology Officer for Services at global technology company, Dimension Data and has brought his former global Executive Ettienne Reinecke into the advisory team, deepening the strong experience that advances value across each selected emerging business.

“Parc’s deep experience, in combination with a network of trusted people, put us in a prime position to take advantage of the material technology led transformation needed across business models” says Parc’s Exec Chair, Grant McCorquodale. Grant was formerly Head of Macquarie Private Bank, Australia, where he advised many families across Australia who, themselves, had successfully commercialised their own private businesses. Grant brings strong financial and wealth management acumen and a high quality group of highly experienced wholesale investors together across Parc’ s transactions.

The Parc Principals’ personal capital also forms a central component of all its investments, aligning the investment interests and outcomes of all activities.

If you wish to learn more please contact us at info@parccapital.com.au.

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