Here’s one for the gamers. A group of Aussie investors has acquired a small stake in electronic gaming and software company Epic Games, in a deal valuing the Fortnite owner at $US42 billion.
A syndicate formed by Sydney-based family office advisory Belz Family & Associates picked up the shares via Smash Capital, after agreeing to buy one of its special purpose vehicles.
The Aussies have scored themselves a $US15 million position, which puts them alongside the likes of BlackRock, Fidelity and Tencent on the register.
Series A, B and C rounds used to be solely the domain of start-up advisory firms and venture capital funds, but now the investment banks are interested.
