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We are pleased to advise that we have reached the first close milestone of our Fund IV fundraising.

Since launching on 1 September 2021, we have experienced strong demand with commitments for the core fund at approximately $500 million and $100 million for the sidecar, which includes the required manager commitment.

We have been humbled by the support from our existing investor base with a re-up rate of more than 90% and are delighted to welcome several new investors – both offshore and domestic to the Fund.

We anticipate accepting further commitments into Fund IV during the remainder of this calendar year, with a final close to be held during the 1st quarter of 2022.

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Allegro is pleased to announce the sale of its investment in The Interiors Group (“TIG”) to Pencarrow Private Equity, one of New Zealand’s leading growth private equity firms.

Allegro’s interest in the business began in 2015 with the acquisition of Carpet Court, New Zealand’s largest national flooring brand. In 2018, Allegro bolted on CurtainStudio, a leading national window furnishings retailer, at which time the business was renamed The Interiors Group, reflecting the successful platform business it had become.

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Today marks the successful completion of Allegro’s acquisition of Toll Global Express, first announced in April this year.

It’s a landmark deal for Allegro and the culmination of month’s of work. A key component of the transaction was the $500 million funding package Allegro secured to transform the business and separate it from Toll Holdings.

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Leading value apparel specialty retailer Best & Less Group Holdings Limited (BLG or the Company) lists on the ASX today, following a successful initial public offering (IPO) of its shares which raised $60 million at $2.16 per share.

To read the full ASX announcement click here.

Allegro Funds is pleased to announce the appointment of Christine Holgate as future Group Chief Executive Officer of Global Express. Ms Holgate will lead the transformation strategy for the growing parcels and logistics organisation upon Allegro completing its acquisition from the owner, Japan Post.

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