REGAL PARTNERS LIMITED
Regal Partners Limited is an Australian public company incorporated on 11 January 2008 and registered with the Australian Securities and Investments Commission under ABN 33 129 188 450 (ACN 129 188 450). Its registered office is at Level 46, Gateway, 1 Macquarie Place, Sydney NSW 2000, and its ASIC registration status is active.
Regal Partners Limited operates as a specialist alternative investment manager, running strategies across hedge funds, growth and private equity, real and natural assets, and credit and royalties on behalf of institutional investors, family offices, charitable organisations and private clients. The company reported approximately A$20.9 billion in funds under management at 31 December 2025, operating from six offices with more than 200 staff, including around 95 investment professionals.
The company took its current form on 3 June 2022, when Regal Funds Management completed a reverse merger into the ASX-listed shell previously known as VGI Partners Limited, with the combined business renamed Regal Partners Limited and its shares continuing to trade on the Australian Securities Exchange under the ticker RPL. Since the merger, the group has expanded through acquisitions of, and stakes in, specialist managers, including the December 2023 acquisition of PM Capital, the 2024 acquisition of Merricks Capital, and a 40% minority investment in water-rights manager Argyle Group completed in July 2024. Its investment platforms trade under established brands including Regal Funds Management, VGI Partners, Attunga Capital, Kilter Rural, PM Capital and Merricks Capital, spanning listed equities, private markets, agriculture and water, and private credit strategies.
For the year ended 31 December 2025, Regal Partners Limited reported group revenue of approximately A$378 million, comprising around A$203 million in management fees and A$175 million in performance fees, with a normalised net profit after tax of A$160.5 million. These figures are consolidated group results reported in the company’s own results presentation and are not necessarily indicative of the standalone position of the parent legal entity.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Regal Partners Limited is listed on the Australian Securities Exchange (ASX: RPL); under Australian law, substantial shareholder notices are required only once a holder’s voting power reaches 5%, so the disclosed shareholder base covers major holders rather than a complete share register. Philip King, a co-founder of the underlying Regal Funds Management business and the company’s Chief Investment Officer of Long & Short Equities, together with associated “New Highland” parties, reported voting power of approximately 8.60% (33,729,588 fully paid ordinary shares) in a substantial holder notice effective 1 July 2026, down from around 10.07% following a series of on-market sales and the vesting of performance share rights. Robert Luciano, a co-founder of VGI Partners, holds his stake through RMPL Investments Pty Limited as trustee for the RMPL family trust, which reported voting power of approximately 5.49% as of July 2026, reduced from around 6.50%. No other individual shareholder was identified in the ASX substantial holder reporting reviewed for this profile as holding 5% or more of Regal Partners Limited at the time of research.
Data availability
Shareholder information for Regal Partners Limited is classified as Major shareholders only: ASX/ASIC disclosure rules require substantial holder notices only above the 5% voting-power threshold, so smaller and indirect holdings are not captured here, and the absence of additional named holders should not be read as evidence that none exist.
Sources
- Kalkine Media — “Philip King and New Highland Parties Cut Regal Partners Stake to 8.60%”, reporting on ASX substantial holder notice effective 1 July 2026
- Kalkine Media — “RMPL Investments Reduces Substantial Holding in Regal Partners Limited to 5.49%”, July 2026
- Regal Partners Limited — Shareholders and Investor Centre, regalpartners.com/shareholders
Officers
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Regal Partners Limited’s board is led by Independent Chair Peter Yates AM, who joined the board as an independent non-executive director and chair-elect and was elected Chair at the company’s annual general meeting on 28 May 2026, succeeding outgoing Independent Chair Michael Cole AM. Chief Executive Officer and Managing Director Brendan O’Connor has held that role since the merger of Regal Funds Management and VGI Partners completed on 3 June 2022, having previously served as Chief Executive Officer of Regal Funds Management from December 2016. Ian Gibson has served as Executive Director since the same 3 June 2022 merger completion. The board also includes independent non-executive directors Sarah Dulhunty and Jaye Gardner. Nationality is not officially disclosed for any director in the sources reviewed and has not been inferred from name, residence or correspondence address.
Recent officer changes
- Peter Yates AM — appointed independent non-executive director and chair-elect, and elected Chair, effective from the 28 May 2026 annual general meeting, succeeding Michael Cole AM.
- Philip King — announced a retirement transition from his Chief Investment Officer role in August 2025, remaining with the company in a transitional capacity through June 2027.
- Robert Luciano — resigned from his role at Regal Partners in November 2023 according to contemporaneous reporting, while retaining a shareholding through RMPL Investments Pty Limited.
Data availability
Officer and director information for Regal Partners Limited is classified as Partial: the current ASX-listed board composition and Chief Executive Officer are confirmed from the company’s own investor-relations materials and ASX announcements, but exact appointment dates were not available for every director. The underlying registry record on file for this profile lists senior executives (for example, a Head of Corporate Affairs and a Group Investment Director) rather than the statutory board of directors, with appointment and resignation dates not available for any entry. That registry record also names Andrew King, a co-founder of the Regal Funds Management business, as “Founder and Managing Director”; primary sources identify Brendan O’Connor, not Andrew King, as Chief Executive Officer and Managing Director of the ASX-listed parent Regal Partners Limited, so this record appears to describe a role at the underlying funds-management business rather than the listed parent and should not be read as current board information.
Sources
- Regal Partners Limited — Shareholders and Investor Centre / Board of Directors, regalpartners.com/shareholders
- Money Management — “Regal Partners appoint chair from AIA Australia”
- Business News Australia — “VGI Partners founder Robert Luciano steps aside”
- Sharecafe — “Market Stalwart Phil King Exits Regal Partners”, August 2026
Registry feed — rows exactly as filed with Australian Securities and Investments Commission (ASIC), including entries the profile above does not cover.
Group Structure
Regal Partners Limited is the ASX-listed head entity of the Regal Partners group; no other company has been identified as its immediate or ultimate parent, and its largest disclosed shareholders (Philip King and associated parties at approximately 8.60%, and Robert Luciano’s RMPL Investments at approximately 5.49%) each hold well below a controlling interest. The group’s investment platforms operate as separate legal entities under established brand names, principally Regal Funds Management, VGI Partners (brought into the group through the June 2022 merger), Attunga Capital and Kilter Rural (agriculture and water strategies), Merricks Capital (private credit, acquired 2024), PM Capital (acquired as a wholly-owned subsidiary in December 2023) and Taurus Funds Management. The group also maintains offshore entities including Regal Partners (Hong Kong) Limited and Regal Funds Management Asia Pte. Limited in Singapore. Regal Partners Limited additionally holds a 40% minority stake in Argyle Group Holdings Pty Ltd, a water-rights manager, acquired in July 2024; this is a minority investment rather than a subsidiary relationship.
Recent structural changes
- Acquisition of PM Capital, completed 21 December 2023, taking Regal Partners Limited’s ownership of PM Capital to 100%.
- Acquisition of Merricks Capital, announced 3 June 2024.
- Acquisition of a 40% minority stake in Argyle Group Holdings Pty Ltd and Argyle Group Holdings Trust, completed 26 July 2024.
Data availability
Group-structure information for Regal Partners Limited is classified as Partial: the group’s principal fund-management brands and major acquisitions are confirmed from the company’s own announcements and website, but exact ownership percentages for most individual operating subsidiaries were not independently re-verified against the company’s own related-party disclosures in this research and are not assumed to be 100% except where a source states this directly, as for PM Capital.
Sources
- Regal Partners Limited — About / company history, regalpartners.com/about
- Regal Partners Limited — “Acquisition of PM Capital, Group FUM to increase to $10.8 billion”
- Regal Partners Limited — “Acquisition of Merricks Capital, Group FUM to increase to $15.1 billion”
- Global AgInvesting — “Australia’s Regal Partners Takes Minority Stake in Water Rights Manager Argyle Group”
Registry feed — rows exactly as filed with Australian Securities and Investments Commission (ASIC), including entries the profile above does not cover.
REGAL PARTNERS LIMITED
Australia
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Frequently Asked Questions
What does Regal Partners Limited do?
Regal Partners Limited is an ASX-listed specialist alternative investment manager (ASX: RPL) running strategies across hedge funds, growth and private equity, real and natural assets, and credit and royalties, with approximately A$20.9 billion in funds under management as at 31 December 2025.
Is Regal Partners Limited listed on a stock exchange?
Yes. Regal Partners Limited's ordinary shares are listed on the Australian Securities Exchange (ASX) under the ticker code RPL.
What is Regal Partners Limited's revenue?
For the year ended 31 December 2025, Regal Partners Limited reported group revenue of approximately A$378 million, comprising around A$203 million in management fees and A$175 million in performance fees, with a normalised net profit after tax of A$160.5 million.
How was Regal Partners Limited formed?
Regal Partners Limited took its current form on 3 June 2022, when Regal Funds Management (founded 2004 by Phil King and Andrew King) completed a reverse merger into the ASX-listed shell previously known as VGI Partners Limited (founded 2008 by Robert Luciano), with the combined group renamed Regal Partners Limited.
Who is the CEO of Regal Partners Limited?
Brendan O'Connor is Chief Executive Officer and Managing Director of Regal Partners Limited, a role he has held since the merger completed on 3 June 2022.
Who chairs the Regal Partners Limited board?
Peter Yates AM was elected Independent Chair of Regal Partners Limited at the company's annual general meeting on 28 May 2026, succeeding outgoing Chair Michael Cole AM.
What is Regal Partners Limited's ABN and ACN?
Regal Partners Limited's Australian Business Number is ABN 33 129 188 450 (ACN 129 188 450); the company was incorporated on 11 January 2008 and its ASIC registration status is active.
Who are Regal Partners Limited's major disclosed shareholders?
ASX substantial holder notices report Philip King and associated New Highland parties holding approximately 8.60% of voting power as of 1 July 2026, and Robert Luciano's RMPL Investments Pty Limited holding approximately 5.49% as of July 2026; Australian disclosure rules require notices only once holdings reach 5%, so this covers major shareholders only, not a full register.
What is REGAL PARTNERS LIMITED's company registration number?
REGAL PARTNERS LIMITED's registration number is 33129188450, filed with Australian Securities and Investments Commission (ASIC) in Australia. Its current status on the register is active.
Is REGAL PARTNERS LIMITED still an active company?
REGAL PARTNERS LIMITED's status on Australian Securities and Investments Commission (ASIC) is listed as active.
When was REGAL PARTNERS LIMITED incorporated?
REGAL PARTNERS LIMITED was incorporated on 11 January 2008, according to Australian Securities and Investments Commission (ASIC).
What is REGAL PARTNERS LIMITED's registered address?
The registered address on file for REGAL PARTNERS LIMITED is Australia.
What legal structure is REGAL PARTNERS LIMITED registered as?
REGAL PARTNERS LIMITED is registered as a Public Limited Company in Australia.
Can Zavia monitor changes to REGAL PARTNERS LIMITED's ownership over time?
This profile reflects a point-in-time snapshot from Australian Securities and Investments Commission (ASIC). Zavia's monitoring API can track changes to REGAL PARTNERS LIMITED's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access REGAL PARTNERS LIMITED's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Australia, so records like REGAL PARTNERS LIMITED's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Australian Securities and Investments Commission (ASIC) and was last synced on 11 August 2026.