Salter Brothers

Salter Brothers is an alternative investments manager founded in 2014 by brothers Paul and Rob Salter, both chartered accountants, based in Melbourne, Australia. The firm manages Group Assets under Management exceeding $5.4 billion, with additional operations in Singapore and Japan. Its Private Equity Fund, a registered Venture Capital Limited Partnership, invests exclusively in small to mid-market Australian growth companies, targeting established businesses with growing revenues, high operating cash flow, and EBITDA up to A$15 million, differentiating itself from typical VCLPs that spread smaller checks across many early-stage startups. The Private Equity Fund's investment criteria favor privately owned Australian businesses with a clear growth pathway, high-quality management, a maximum enterprise value of A$100 million, and a five-to-seven-year exit plan. It typically acquires a significant, non-controlling stake, partnering with management to drive value across investments like PelicanCorp, DisplaySweet, and Buroserv. The firm also runs a separate Growth Fund targeting Series A, Series B, and expansion-stage technology companies across MedTech, SaaS, FinTech, PropTech, and telecommunications, aiming for a 15% net IRR and 2-3x gross money multiple, with portfolio holdings including DisplaySweet, IPSI, and Sphere.