Private Investments
Private investment opportunities at ELM Responsible Investments provide existing clients with access to privately owned, high‑growth companies that are not yet listed on public markets. These companies are not available through traditional stock exchanges and are instead accessed through ELM’s dedicated private investment structures for eligible clients.
ELM sources and evaluates individual private businesses and then offers selected opportunities allowing clients to decide which companies to back and at what allocation size. This approach enables targeted private market exposure that complements listed portfolios while maintaining ELM’s disciplined focus on risk, valuation and long‑term impact.
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Drawing on estimates from reputable industry analyses, including McKinsey’s Global Private Markets Report 2024 and data referenced by S&P Global, global private markets assets under management are placed at approximately US$13–14 trillion. This highlights how a significant share of value creation is taking place in unlisted companies.
Analysis by iCapital shows that companies are remaining private for longer, with the median age at IPO increasing over recent decades as abundant private capital, higher public‑market regulatory requirements and a desire for greater strategic flexibility all contribute to firms delaying listing. For long‑term investors, this means private markets are an increasingly important avenue to access innovative, high‑growth businesses, particularly in areas such as AI, digital infrastructure and the energy transition.
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ELM periodically offers private investment opportunities to existing clients through single‑deal Special Purpose Vehicles (SPV), giving investors the flexibility to decide where and how much to allocate on a deal‑by‑deal basis. These allocations are designed to sit alongside ELM’s listed strategies, extending the same research‑driven, innovation‑focused and sustainability‑first philosophy into earlier stage or pre‑IPO businesses that are not yet available in public markets.
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Each private opportunity is selected to reflect ELM’s commitment to innovation, sustainable growth and long-term sustainability outcomes.
The focus is on high‑quality companies exposed to structural themes and solving real‑world problems, so that private allocations reinforce the same values and investment discipline that guide ELM’s Global and ANZ Funds.
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Crusoe
Crusoe AI is a vertically integrated AI infrastructure company that provides high-performance cloud computing with emphasis on sustainability and renewable energy use. The company serves tech firms and enterprises that require powerful GPUs and reliable infrastructure to train and run advanced AI workloads.
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Heidi
Heidi AI is an Australian health technology company specialising in AI-powered medical scribe software designed to streamline clinical documentation for healthcare professionals. Heidi AI is used globally, serving millions of patient interactions weekly and supporting over 100 countries and 200 medical specialties.
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Perplexity
Perplexity AI is a San Francisco-based company offering an AI-powered conversational search engine that synthesises real-time web data into clear, cited answers. It leverages large language models alongside live web crawling, delivering direct responses with clickable source links, which enhances trust and transparency for users.