The Victorian Business Growth Fund is a 10-year fund, which was endowed with $250 million to invest in small-to-medium enterprises.

It targets companies with $5 million to $100 million annual revenue, near-term positive cashflow, and less than $250 million in assets – that find it difficult to get capital to grow. The government appointed Roc as the independent fund manager for the fund, entrusting it with all investment decision-making.

For it’s part, Roc was last spotted buying Australia’s second-largest poultry producer Pace Farms for circa $350 million. Pace is expected to deliver $40 million on the earnings line this year.