Pacific Current Group Strategic Review Announcement

Speaking to QSR Media ahead of his participation at the QSR Media Conference & Awards 2026, Josh Ludski, Head of Strategic Investments at River Capital, shares his thoughts on the current business climate.

At our 2026 annual Investor Briefing, we are celebrating River Capital’s 30th year. A lot has changed at River over the decades but our focus on the value of compounding of capital remains the same.

River Capital is pleased to announce its investment in Yo My Goodness (YOMG), partnering with its founders, Zeni Krasniqi and Justin Wilson, and its management team to support the next phase of the company’s growth.

River Capital is pleased to announce that portfolio company Lightning Broadband has entered into a binding Share Purchase Agreement to be acquired by Superloop Limited.

River Capital, alongside the Clean Energy Finance Corporation (CEFC), has invested in Australia’s largest First Nations-led carbon initiative in the Tiwi Islands, Northern Territory.

The River Capital team was fortunate to take part in a corporate volunteer experience at the Magpie Nest Café on Bourke Street recently, assisting with the breakfast shift alongside a dedicated group of volunteers.

River Capital held its annual Investor Briefing on the 31st July. The event provides us with a great opportunity to reflect on the progress we've made, the opportunities we've embraced, and the enduring partnerships that make it all possible.

What started as “Jim Assist”, a mentorship with River Capital’s Executive Director, Jim Craig. Now has transformed into two 12-week programs annually, offering exposure to fund management across public and private markets.

River Capital is pleased to announce the successful acquisition of Kallibr Training, a highly regarded health and safety training provider in Australia.

In 2022, River Capital acquired 100% of The Cheesecake Shop, Australia & New Zealand’s largest cake retailer. At the time, I thought, who doesn’t love cake? But many asked a different question: of all the businesses out there, why buy this one?

River fielded a team of enthusiastic cricketers to support The LBW Trust's National Backyard Cricket T-10 Tournament on 26 March 2025 on the beautiful grounds of Parliament House in Spring Street, Melbourne. With thongs/flip-flops being the compulsory dress code!

River Capital first bought into Generation Development Group (GDG) in early 2023 after identifying the growth opportunity in GDG’s Investment Bonds business and Lonsec Investment Solution (LIS), which the market was under appreciating at that time.

Midway Limited announcement that the scheme of arrangement, under which RCM BidCo Pty Ltd (owned and controlled by funds managed and advised by River Capital) would acquire all of Midway's issued capital, was implemented on 18 February 2025.‍

River's Investment Committee had followed Pacific Current Group for many years and was always attracted to its high-quality business model, which benefits from infrastructure-like, contracted, annuity cashflow streams that come from fees charged on closed-end vehicles with long fund lives.

On 14 November 2024, Midway Limited announced they have entered into a binding Scheme Implementation Deed with RCM BidCo Pty Ltd (owned and controlled by funds managed and advised by River Capital Pty Ltd) for the acquisition of all shares in Midway.

River Capital once again supported not-for-profit organisation Flying Fox by participating in their Corporate Basketball Fun Day on 26 September 2024. The River Capital team played against 24 other teams from leading Australian businesses alongside Flying Fox participants and volunteers.

River Capital is pleased to announce that on 1 July 2024 it acquired Aspire2 Group Limited, one of New Zealand's leading players in the vocational training and education sector comprising 8 Private Training Establishments with delivery across 28 campuses and training centres in New Zealand.

River Capital is proud to have achieved our B Corp certification in 2016 reflecting our community focus and integrity in all that we do. River spoke with the B Lab AANZ team to talk about what being a B Corp means for us and the approach we’ve taken to recertification.

River Capital notes Pacific Current Group's announcement dated 13 November 2023 regarding its Strategic Review and wishes to clarify several misconceptions within.