Eldium Income Fund

The Merchant Banking Division (MBD) is the investing and lending division of Goldman Sachs, and is one of the largest asset managers in the world. The capital of MBD is a mixture of Goldman's balance sheet plus external capital it has raised through a series of funds. MBD invests globally across almost all asset classes, including senior debt, mezzanine debt, late stage venture capital and growth equity, control private equity, infrastructure and real estate. Note that in certain markets, including in Australia and China, the Merchant Banking Division is known as the Principal Investment Area (PIA). Prior to August 2019, when all of the investing divisions of Goldman Sachs merged, Goldman Sachs had a separate investing and lending division known as the Special Situations Group (SSG). SSG focused on investing the firm's balance sheet in a wide variety of asset classes. It had no external capital. SSG was formed during the Asian Financial Crisis, and originally specialised in distressed lending and acquisition of distressed assets. However, SSG quickly expanded into a broader special situations investor, focusing on areas where other forms of capital were not flowing efficiently, or where returns are out sized versus in-house perceptions of risk.

Blackbird is an Australia and New Zealand venture capital firm backing ambitious technology companies from the earliest stages through later growth. It invests across software, deep tech, climate, fintech, health and other technology-led sectors, with portfolio companies including Canva, SafetyCulture, Culture Amp, Zoox and Halter.

Square Peg is a venture capital firm that invests in emerging technology companies across the internet economy in Australia and New Zealand, Southeast Asia, and Israel.

Accel-KKR is a leading mid-market software and technology investor, established in 2000 as a joint venture between leading venture investor Accel Partners and leading private equity firm KKR. Accel-KKR brings capital, expertise and a network of relationships to our portfolio companies, enabling them to grow faster and more profitably. Throughout the years, the firm has taken a collaborative approach to working with our management teams so that, together, we can help our companies reach their full potential. Accel-KKR focuses primarily on three types of transactions: buyouts of divisions, subsidiaries and business units from public companies; acquisitions and recapitalizations of closely-held private companies; and going-private transactions of small public companies.

Grok Ventures is the private investing vehicle of Mike Cannon-Brookes, co-founder of Atlassian and one of Australia's most successful technology entrepreneurs. Grok Ventures invests in fast-growing technology-enabled businesses with world-class management teams who are solving big problems. Grok particularly likes food and energy companies. We have private, patient, long-term capital, with the flexibility to participate from early-stage or seed financing through to late stage funding rounds (although we prefer to be involved earlier).

TDM Growth Partners (formerly TDM Asset Management) is a private investment firm that manages funds for a select group of families who share our long-term investment philosophy. TDM invests in both public and private companies with attractive growth profiles run by outstanding management teams. TDM has offices in Sydney and New York, and focuses primarily on those geographies, however we also invest in other developed markets. TDM Growth Partners has a highly focused, long-term approach, with no more than 15 investments. We look for growth, proven business models and track records, low leverage, durable competitive advantages, management teams who think and act like owners, and a strong company culture. When we invest, we hold for at least 5 years. Our ability to provide patient capital to businesses is underpinned by clients who share our long-term investment philosophy. We believe this approach provides a significant advantage compared to most other investors.