Every hedge fund manager worth his or her salt will be suiting up and brushing up on their best small talk for the official opening of the Barrenjoey Capital Partners (and Barclays) head office tonight.
Barclays has been on the scene for a while, popping back up operationally in April 2022 after exiting Australia in 2016, but has been working out of its own office space, mainly on debt deals.
Invitations are tightly held, apparently. The private party is for B&B staff, 1000 of their closest friends and, er, Jim Chalmers, the federal treasurer.
Flying in for the event is Barclays big wig and Aussie local, global head of investment banking Paul Compton. Other VIPs charging their champagne glasses will be Barrenjoey chief Brian Benari, UNSW chancellor and board member David Gonski and Barclay’s country chief Richard Satchwell.
No doubt, in-house chef Ian Fortini (also poached from UBS along with half the staff) will be run off his feet serving souped-up haute cuisine Australiana canapes.
The event coincides with another event on the city’s social calendar – the Sydney Institute annual dinner where NSW Premier Chris Minns is scheduled to give the address.
Happy reading,
Emma Rapaport
Co-editor, Street Talk
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The chart
PEP is preparing to launch its seventh buyout fund – Fund VII – in what is expected to mark the biggest fundraising so far for Australia’s largest private equity firm.
