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"A Smooth Sea never made a Skilled Sailor "

Belay Capital is an Australian based early growth stage Private Equity Manager 

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Our Criteria

We seek out businesses with an operating profit of between $5 - $20 million p.a. and/or exceptional revenue growth. We look for business with exceptional management in an industry that is experiencing strong tail winds. Our investment can assist businesses through succession planning, pre IPO funding, organic and acquisition expansion, management buy-outs/buy-ins or public-to-private transition.

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Our Approach

We take a collaborative approach to investing, both with the business we invest in, as well as with our investment partners. We seek to develop strong relationships with founders and managers to deliver value and growth. We always aim to provide support to management where we can add or introduce value, without encroaching on any managers day to day operational expertise. Our investment approach is flexible, we invest both directly, or co-invest and will take either a minority or majority interest.

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Opportunities for Business Owners and Managers

We are always on the lookout for good businesses and good people. 

Our goal is to invest in businesses looking for growth capital or managers who have identified transition opportunities within their organisation. 

We understand the importance of ensuring those making daily decisions are incentivised appropriately and we have experience in structuring transactions so that management are appropriately rewarded. 

If you own or work within a business looking for capital or change, we look forward to hearing from you.


Current Investments

Our current portfolio includes


Maths Pathway

The Maths classroom as it should be. Maths Pathway supports teachers to have a greater impact in the classroom using personalised learning for each student.
Maths Pathway is re-imagining the way students are taught in schools by offering an end-to-end in-school teaching system, supported by a comprehensive SaaS platform, implementation consultants, and teacher training programs.


Unitas Healthcare

Unitas Healthcare was established to buy and operate a portfolio of healthcare assets throughout Australia.
The first healthcare asset in the Unitas Healthcare portfolio is the newly announced Sunshine Private Hospital situated alongside the Sunshine Public Hospital in Melbourne's west. When complete, Unitas Healthcare will operate a state of the art $120 million, six-storey medical facility including a 30 bed (growing to 120 beds) medical and surgical ward with four high dependency beds, a 21 bed dedicated private mental health inpatient unit, four operating theatres and an endoscopy suite. The mental health facility will focus on the treatment of anxiety, depression and post-traumatic stress disorders including inpatient and outpatient support programs.



Ansarada is a global B2B SaaS business with a big vision for a world where every business, in every critical decision, is always ready to act. The company was born out of an absolute belief in companies and the people who found, run and advise them. We’re on a mission to achieve this with our SaaS platform and world class team who are based in five main hubs: Sydney, Ho Chi Minh, Chicago, New York and London. In Dec '20 Ansarada listed on the ASX (AND.AX) and Belay Capital sold the majority of its holding.


Star Car Wash

Star Car Wash is a fast growing consumer services business established in 2003.
Star’s core business is premium hand car wash services operating at over 150 locations across Australia and New Zealand.

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AFR: Do the math: Private equity firm comes for edtech Maths Pathway

May 5, 2021

AFR Boss: Maths Pathway No. 2 Best places to work (Gov't, Education, NFP)

April,21 2021

AFR: Tech start-ups making learning easy

April 17, 2021

AFR : Education needs to be Evidence Based

April 16, 2021

Star Weekly: Private hospital plans unveiled

March 1, 2021

Media release on Sunshine Private Hospital

June 17, 2020

AFR: New private hospital for Melbourne's West

July 8, 2020

Moelis ready to fire up data rooms company Ansarada's sale

April 22, 2020

Ansarada, a virtual data room provider, raises $24m

March 22, 2018



Suite 2, 9-11 Knox St
Double Bay NSW 2028

+61 2 9160 3144

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