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Pacific Asset Management (Pacific) today announces that Pinnacle Investment Management (Pinnacle), the global multi-affiliate investment management firm, will replace the remaining external shareholders, further strengthening their existing partnership.
Since 2024, Pacific has worked with Pinnacle as a shareholder and has enjoyed highly successful collaborations with Pinnacle’s existing affiliate, Coolabah Capital Investments, and more recently, in January 2026, with Maple-Brown Abbott and the launch of a global listed infrastructure UCITS fund.
Recent growth reflects the strength of Pacific’s investment solutions and operating model. Assets under management have grown from £2.6 billion in March 2022 to £14.0 billion in December 2025. This partnership demonstrates Pinnacle’s commitment and long-term confidence in Pacific’s strategy and future growth.
The firm’s strategy is centred on high-conviction, craft-based fund management and multi-asset solutions, supported by continued investment in technology and innovation, with a focus on client service and delivering strong outcomes for its clients and partners.
There are no changes to Pacific’s leadership under CEO, Matthew Lamb, its management team or employees. Pacific’s partners remain focused on the firm’s goals, priorities and clients. Its investment teams maintain their independent investment integrity, with no change to their processes and continued alignment with the success of their strategies.
Commenting, Matthew Lamb, CEO, Pacific Asset Management, said:
“We have known Ian Macoun and the Pinnacle team for many years and we are extremely excited by this news. Over the past year, we have had the opportunity to work more closely with Pinnacle and have developed a strong respect for what they have achieved, how they operate and their plans for the future.”
Ian Macoun, CEO of Pinnacle, commented:
“We have been delighted with our partnership with Pacific since becoming a shareholder in the business in 2024 and are great admirers of the business and culture Matt and his team have created. We are excited to deepen our partnership, which we are convinced is for the mutual benefit of our people, partners and clients.
“We want the Pacific management team to continue to drive its own strategy, with our support, while we at Pinnacle also continue to pursue our own global strategy. Both firms have fantastic momentum today and both brands have power that should be harnessed and built upon. We have tremendous respect for, and faith in, Matt and his team as builders of high quality businesses and are excited for this next stage of our journey.”
Matthew Lamb, continued:
“This development reflects continued confidence from a highly respected global institutional investor in Pacific’s long-term strategy, people and investment capabilities. We strongly believe that Pinnacle and Pacific share an unusually high commonality of business philosophy, culture and we see the world in very similar ways.
“Pacific is only at the start of its journey, this milestone represents a significant step in the firm’s growth, enhances our ability to attract and retain the very best talent, while critically preserving our independence and strong culture.”
