So the Australians now find themselves on Epic Games’ register, alongside the likes of BlackRock, Fidelity, Tencent, GIC and Ontario Teachers’ Pension Plan.Īnd they’re there ahead of Epic Games’ potential initial public offering, which is in the US float pipeline as a potential blockbuster deal for next year. When Smash wanted to bring in some new faces, it turned to Richter’s friend Belz. The whole thing came about because BFA’s Jonathan Belz, a former Goldman Sachs banker, struck up a friendship with Smash co-founder Evan Richter, a few years back, and stayed close. While it’s relatively small, particularly in relation to Epic Games’ mooted valuation, it was a coup for the Aussie investors, some of who have long ties to Epic Games’ software. The stake was understood to be worth about $US15 million. The BFA syndicate agreed to buy into one of Smash’s special purpose vehicles, which sits directly on Epic Games’ cap table. It is understood the Australian investors, corralled by Sydney family office advisory firm Belz Family & Associates (BFA), took the stake via Smash Capital, the firm founded by a bunch of former Disney executives and a substantial Epic Games shareholder.Įpic Games, maker of Fortnite, is in the IPO pipeline for 2022. A group of Australian investors has acquired a small stake in electronic gaming and software company Epic Games, owner of Fortnite and Unreal Engine platform, in a rare deal valuing the American group at about $US42 billion.
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