Eight Investment Partners (8IP) has entered a strategic support agreement with Sanlam Private Wealth to provide middle office services in Australia.
Sanlam Private Wealth, part of Sanlam UK, has recently acquired 40% of 8IP. The head of the Australian-based company, Jonathan Sweeney, said Sanlam's arrival will no impact the investment team or strategy.
8IP was founded by Kerry Series who was previously AMP Capital's head of Asia Pacific equities. He has also served as an investment director at HSBC Asset Management.
Veteran investor Geoff Wilson and former chief executive of Equipsuper and Equity Trustees Robin Burns serve as independent directors on 8IP's $35 million listed investment company, 8IP Emerging Companies Limited.
8IP launched the fund, which invests only in Australian-listed companies, last January. The fund scores companies against the UN Sustainable Development Goals and is weighted toward healthcare, renewable energy, land and resource management and senior care.