Australia’s first institutional-grade AI secondaries fund.
Delta-G Capital connects Australian and APAC investors with proven private market leaders in artificial intelligence, cloud infrastructure, and autonomous systems. Our fund targets proven growth-stage AI companies with clear paths to liquidity—investing in today's AI leaders at private valuations.
The biggest Al companies are being built right now - and the majority of investor value creation is happening while these companies are still private.
We apply our investment strategy to the five core segments at the epicentre of AI growth.
Foundation Models
(LLMs)
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Data & Analytics
AI Infrastructure
(GPUs/LPUs/Inference)
Autonomous Robotics
Enterprise AI Agents
Current Portfolio
Our portfolio consists of category-defining AI companies with demonstrated commercial traction and sustainable competitive advantages. Our selection prioritizes businesses building foundational infrastructure and applications reshaping the global economy. Access is secured through secondary market transactions with institutional counterparties at stages typically unavailable through traditional channels.
World leading Spacecraft, satellites and telecommunications company.
World’s leading enterprise LLM (Claude) and coding model.
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World’s leading consumer LLM (ChatGPT).
Delta-G is led by experienced investment professionals supported by an independent advisory board and investment committee with deep expertise in private markets, institutional capital, and technology. We bring the relationships, rigour, and execution capability to deliver structured access to AI's defining companies.
Delta-G Capital is Australia's first institutional-grade secondaries fund dedicated to global AI leaders. We provide qualified wholesale and institutional investors across Australia and APAC with structured access to the world's most consequential private AI companies. Our approach combines rigorous investment discipline with deep expertise in secondary market transactions.
James McQueen
Managing Director
Co-Founder
Specialisation
Proven track record in private and public technology investments, providing institutional and private market investors with access to late-stage venture, growth equity, pre-IPO, and secondary market opportunities.
Track Record
Invested in:
- Anthropic, SpaceX, OpenAI
- Pay.com.au, SecondQuarter Ventures, Drummond Capital, GHIG, Equiem, Carbar, Xailient, Fresho, Simpel, Drawboard, Fraim, BARE, Mr Yum, Thriday
Board Roles
- Current – Delta-G Capital
- Previous advisor/observer - Equiem, LiveWire, BARE, Linkby, Complexica, WYWM
Previous Roles
- Portfolio Manager and Legal Principal, Private Investments at Perennial Partners
- Founding team Director, Investment Committee, investor at SecondQuarter Ventures
- Senior Associate, M&A/leveraged finance at Corrs Chambers Westgarth
Track Record
Invested in:
- Anthropic, SpaceX, OpenAI
- Pay.com.au, SecondQuarter Ventures, Drummond Capital, GHIG, Equiem, Carbar, Xailient, Fresho, Simpel, Drawboard, Fraim, BARE, Mr Yum, Thriday
Board Roles
- Current – Delta-G Capital
- Previous advisor/observer - Equiem, LiveWire, BARE, Linkby, Complexica, WYWM
Previous Roles
- Portfolio Manager and Legal Principal, Private Investments at Perennial Partners
- Founding team Director, Investment Committee, investor at SecondQuarter Ventures
- Senior Associate, M&A/leveraged finance at Corrs Chambers Westgarth
Tineyi Matanda
Managing Director
Co-Founder
Specialisation
Extensive experience in funds management across Venture/Growth Capital and Private Equity investing in private technology companies scaling and growing globally.
Track Record
Invested in:
- Anthropic, SpaceX, OpenAI, Cerebras, Groq
- DisplaySweet, PelicanCorp, SphereForGood
- Marley AI, Human Health, Chefgood (acquired by MarleySpoon)
Board Roles
- Current – Delta-G Capital, Findi (FND:ASX)
- Previous - DisplaySweet, SphereForGood, Chefgood, Medisecure, Buroserv , Airservice.
Previous Roles
- Investment Director, Venture and Growth Equity at Salter Brothers Funds Management
- Associate Director, Middle Market Deals/M&A at PricewaterhouseCoopers
Track Record
Invested in:
- Anthropic, SpaceX, OpenAI, Cerebras, Groq
- DisplaySweet, PelicanCorp, SphereForGood
- Marley AI, Human Health, Chefgood (acquired by MarleySpoon)
Board Roles
- Current – Delta-G Capital, Findi (FND:ASX)
- Previous - DisplaySweet, SphereForGood, Chefgood, Medisecure, Buroserv , Airservice,
Previous Roles
- Investment Director, Venture and Growth Equity at Salter Brothers Funds Management
- Associate Director, Middle Market Deals/M&A at PricewaterhouseCoopers
Simon Szewach
Executive Chairman
Co-Founder
Specialisation
A seasoned investor and company builder with extensive board and governance experience. A specialist in identifying and scaling disruptive ventures, with a track record of mentoring founders and incubating high-growth businesses.
Track Record
Invested in:
- Anthropic, SpaceX, OpenAI, Catapult
- Gelteq (NASDAQ:GELS), Reviver, Catapult
Waratek, Reviver, Nine Rivers, GP87
Board Roles
- Current – Delta-G Capital, Gelteq (NASDAQ:GELS), The Legats Group, Global Reviews, The Sports Diplomacy Alliance
- Previous - Reviver.com (USA), Waugh Global (India), Waratek (EU)
Previous Roles
- Executive Chairman and Co-Founder of Gelteq (NASDAQ:GELS)
- Managing Director of The Legats Group Family Office
- Westpac ANZ and NAB Product and Strategy Roles
Track Record
Invested in:
- Anthropic, SpaceX, OpenAI, Catapult
- Gelteq (NASDAQ:GELS), Reviver, Catapult
- Waratek, Reviver, Nine Rivers, GP87
Specialisation
Proven track record in private and public technology investments, providing institutional and private market investors with access to late-stage venture, growth equity, pre-IPO, and secondary market opportunities.
Track Record
Invested in:
- Anthropic, SpaceX, OpenAI
- Pay.com.au, SecondQuarter Ventures, Drummond Capital, GHIG, Equiem, Carbar, Xailient, Fresho, Simpel, Drawboard, Fraim, BARE, Mr Yum, Thriday
Board Roles
- Current – Delta-G Capital
- Previous advisor/observer - Equiem, LiveWire, BARE, Linkby, Complexica, WYWM
Previous Roles
- Portfolio Manager and Legal Principal, Private Investments at Perennial Partners
- Founding team Director, Investment Committee, investor at SecondQuarter Ventures
- Senior Associate, M&A/leveraged finance at Corrs Chambers Westgarth
Board Roles
- Current – Delta-G Capital, Gelteq (NASDAQ:GELS), The Legats Group, Global Reviews, The Sports Diplomacy Alliance
- Previous - Reviver.com (USA), Waugh Global (India), Waratek (EU)
Previous Roles
- Executive Chairman and Co-Founder of Gelteq (NASDAQ:GELS)
- Managing Director of The Legats Group Family Office
- Westpac ANZ and NAB Product and Strategy Roles
Our investment team brings extensive experience in private markets, secondary transactions, and technology investing across multiple cycles. We have successfully sourced, structured, and completed investments in leading AI unicorns through institutional secondary channels. This operational track record demonstrates our capability to execute complex transactions and deliver portfolio access to marquee private companies.
Three founders with a combined 45+ years investment experience.
Managed A$500M+ across 50+ companies in late-stage VC, growth equity, pre-IPO, and secondaries.
We have current investments in most of the Private Magnificent 7 - having achieved a 420%+ ROI and 155%+ IRR.
AI Supercycle Acceleration
Computing power driving AI development has grown exponentially over the past decade, creating an unprecedented technological inflection point. Generative and agentic AI systems are reshaping the global economy with implications across every major sector. This represents a structural shift in value creation, concentrating opportunity in companies building foundational AI infrastructure and applications.
A major shift to private AI companies.
AI has fundamentally reshaped the composition of the world's largest technology companies. More than half now derive their competitive advantage from AI-driven strategies spanning foundation models, semiconductors, cloud infrastructure, and robotics.
Several of the most valuable are private companies less than fifteen years old, reflecting the exponential trajectory of AI-native hyperscalers. Despite this concentration of value, most institutional portfolios remain entirely unexposed to these private market leaders.
The venture secondary market
Top AI unicorns are remaining private significantly longer than previous cycles, fundamentally altering how investors access high-performing technology companies.
These category-defining businesses continue demonstrating exceptional growth while staying beyond the reach of traditional public market portfolios, creating a structural access challenge for institutional investors.
The best private companies are staying private longer.
A systemic shift is occurring in equity capital markets. The world’s most valuable emerging companies are private and accruing exponential value relative to public peers.
The Private Magnificent 7 companies have generated a 140% return in the last 12 months, outperforming their “Public Magnificent 7” counterparts by 118%
Disclaimer: This table includes figures and information sourced from third‑party publications.
Secondaries markets have exploded.
Global secondary transactions have reached record levels as private companies dominate the investment landscape and extend their time to liquidity.
With venture funding increasingly concentrated in a small cohort of AI-focused unicorns, secondaries have become the primary mechanism for accessing these high-growth companies. This represents a structural evolution in how institutional capital flows to technology's most valuable private businesses.
Delta-G Global Growth Fund - Launching Mid 2026
We are proud to announce the upcoming launch of The Delta-G Global Growth Fund - Australia’s first Institutional-grade secondaries fund dedicated to accessing the world's leading AI companies.
Our fund has been designed to provide wholesale investors with access to high-quality secondary opportunities in this high-growth and rapidly evolving market. Built on rigorous investment discipline and deep market insights, our fund offers access, portfolio diversification, and compelling risk-adjusted returns.
We invite interested investors and partners to register their interest to receive further details ahead of our official launch.
Register your interest.
Delta-G provides qualified wholesale investors with access to AI's most consequential private companies. If you would like to learn more about the fund structure, portfolio strategy, or investment process, we invite you to get in touch.
