Bailador Technology Investments invests $10 million in DASH to fund Integrated Portfolio Solutions acquisition

ASX-listed technology expansion capital fund Bailador Technology Investments recently announced it has invested a further $10 million in DASH Technology Group,

Bailador’s investment is structured as a $5 million equity investment and a repayable $5 million debt facility. Bailador’s carrying value for DASH will be increased to $25 million to reflect this follow-on investment.

DASH is a cloud-based financial advice and investment management software platform used by independent financial advisers and financial institutions. DASH operates in the large and fast-growing investment platform and financial advice software market.

Bailador’s investment will be utilised by DASH to fund its acquisition of Integrated Portfolio Solutions (IPS) which DASH announced in July 2024.

IPS was established in 2012 and administers over $10 billion of investment portfolios. IPS’s unique combination of technology and service removes the burden of portfolio administration and reporting as a ‘whole-of-wealth’ non-custodial platform. IPS currently serves investment advisers, family offices, financial planners, and ultra-high-net-worth clients.

David Kirk, Co-Founder and Managing Partner of Bailador Technology Investments, said, “DASH’s acquisition of IPS will enable it to take to market a comprehensive technology solution that serves the full financial planning spectrum from clients beginning to build their wealth through to ultra-high-net-worth investors and family offices. Financially it will see DASH reach over $15 billion FUA and a new level of revenue scale from which to grow organically.”

The entire IPS team will join the DASH business including key IPS executives Darryl Johnson and Mark Papendieck.

Bailador is still to invest $5 million in January 2025 as the final part of its original $20 million investment in June 2024.