NGI’s Ownership-Adjusted AUM Rises 4.5% to USD 29 Billion in Q1 FY26

Robust Growth Despite Market Challenges

Navigator Global Investments (NGI) has released its September 2025 quarter update, revealing a steady 3% increase in total firm-level assets under management (AUM) to USD 87 billion (AUD 132 billion). This growth reflects a resilient performance across its diversified portfolio of partner firms, even as global markets continue to face geopolitical tensions and economic uncertainty.

Ownership-adjusted AUM, which accounts for NGI’s stake in its partner firms, rose by 4.5% during the quarter to USD 29 billion, marking a 9% increase over the past year. This metric is a key indicator of NGI’s direct economic exposure and highlights the company’s expanding footprint in alternative asset management.

Lighthouse Partners Leads the Charge

Lighthouse Partners (LHP), NGI’s flagship hedge fund platform, recorded a notable 6.9% increase in AUM to a record USD 17 billion. This growth was fueled by strong net inflows into fee-yielding hedge fund strategies and managed account services, which together accounted for approximately 65% of inflows during the quarter. The firm’s ability to attract capital amid a challenging fundraising environment underscores the strength of its investment performance and client confidence.

Within Lighthouse, hedge funds saw an 8.1% rise in AUM, supported by positive investment returns and selective inflows. Managed account services also contributed significantly, growing 11% year-on-year, reflecting a diversified and resilient product offering.

Strategic and Private Markets Expansion

NGI’s Strategic Partner Firms collectively increased ownership-adjusted AUM by 1.7% to USD 12 billion, with private markets assets surging 7.7% to USD 2.8 billion. This segment includes recent acquisitions such as Longreach Alternatives, Marble, Invictus, and 1315 Capital, which have bolstered NGI’s exposure to alternative investment strategies favored by institutional and high-net-worth investors.

The private markets growth is particularly significant given the broader industry’s fundraising challenges, signaling NGI’s ability to capitalize on demand for diversified, less liquid asset classes. The company anticipates continued inflows as these firms open new capital raising initiatives and expand their product offerings.

Outlook and Market Positioning

NGI’s CEO, Stephen Darke, emphasized the company’s commitment to supporting its partner firms’ autonomy while driving long-term value creation. Despite ongoing market volatility and geopolitical risks, NGI’s diversified platform and strong investment performance position it well to navigate the evolving landscape.

While detailed performance data for NGI Strategic firms is disclosed semi-annually, the current update highlights sustained momentum and a positive trajectory for the fiscal year ahead. Investors will be watching closely for NGI’s next results to gauge how these trends translate into financial outcomes.