NEWS & INSIGHTS

Media Release | September 9, 2026

Petit Crenn, a partnership with Salter Brothers, brings the three-Michelin-starred chef to Australia for the first time

Dominique Crenn, one of the world’s most decorated and influential chefs, will open her first Australian venue in Melbourne this October. Petit Crenn, a partnership between Crenn and global alternatives asset manager Salter Brothers, marks the international expansion of her acclaimed all day dining concept and is set to be one of the most significant openings in Australia this year.

Rooted in French hospitality and shaped by Melbourne’s vibrant dining culture, Petit Crenn will be an all day destination where beautifully crafted food and drink invite guests to gather, linger, and return from morning until late.

Dominique Crenn is the chef and co-owner of the three-Michelin-starred Atelier Crenn in San Francisco. In 2018, she became the first female chef in the United States to be awarded three Michelin stars. A James Beard Award nominee, World’s 50 Best Icon Award recipient and one of TIME magazine’s 100 Most Influential People of 2024, Crenn’s influence extends well beyond the kitchen. Her portfolio also includes Bar Crenn, Café Dior by Dominique Crenn in Dallas and Monsieur Dior by Dominique Crenn in Beverly Hills.

“Petit Crenn comes from my own life, from the cafes in France where you can sit for five minutes or five hours and always feel welcome. I’ve wanted to bring that feeling to Australia for a long time, and Melbourne, with its curiosity and its love of good food, felt like exactly the right place to do it. I can’t wait to open the doors and share this with the city,” said Crenn.

Petit Crenn reflects Crenn’s approach to everyday French bistro cooking; drawn from her childhood memories, shaped by place and community, and guided by seasonality and simplicity. In Melbourne, the concept takes the form of a small, all day venue inspired by the comptoirs of Paris, built to work for coffee and pastries in the morning, effortless lunches and cocktails from the afternoon into the evening.

The intimate 40-seat venue has been designed creatively by Dominique Crenn herself, supported by Salter Brothers’ design team, drawing on the landscapes and coastline of Brittany, her home region in France. The result is a space built on natural materials, texture and movement; elegant, personal and never overly polished. At the rear of the restaurant, a five-person standing table, “Le Contour’, that reimagines the ultimate experience, placing guests within the energy of the kitchen for an intimate view of the creativity and thinking behind the food.

On the menu, guests can expect signatures including steak tartare with egg yolk jam and sauce au poivre, alongside a croque madame with jambon and gruyère. Seasonal tartines, composed salads, and daily French classics complete an all-day menu that celebrates timeless French cooking through Crenn’s contemporary perspective.

Petit Crenn is a partnership between Crenn and Salter Brothers, a leading Australian alternative asset manager with a growing portfolio across hotels, restaurants and lifestyle destinations. Through its integrated investment and operating platform, Salter Brothers has established a track record of creating distinctive hospitality experiences in partnership with globally recognised chefs, operators and industry leaders.

Matthew Butcher, director of culinary at Salter Brothers, said “This is a landmark moment for Australian dining. Dominique Crenn is one of the world’s most celebrated culinary voices and to bring her vision to Australia for the first time is incredibly special. Petit Crenn reflects exactly the type of partnership we are focused on building; globally recognised talent, a distinctive hospitality concept, and a city with the energy and appetite to embrace it. Melbourne is the right place, and this is the right moment.”

Petit Crenn will be located at 495 Collins Street, Melbourne. Further details on Petit Crenn, including its opening date, menu and key team appointments, will be announced closer to launch in October.

Petit Crenn
495 Collins St, Melbourne VIC 3000

www.petitcrenn.com.au

AUG 2026

Webinar Replay: Salter Brothers Tech Fund – Portfolio Update & Co-Investment Opportunity

In this webinar, we provide an update on the Salter Brothers Tech Fund and an introduction to a new co-investment opportunity, Superhero.

Superhero is an Australian online broker and superannuation platform serving more than 400,000 investors and super members. During the webinar, you’ll hear from John Winters, CEO and Co-Founder of Superhero, who provides an overview of the business, its growth outlook, and upcoming product initiatives, as well as insights into the co-investment opportunity.

Presenters:

• Gregg Taylor, Head of Equities & Investment Director, Salter Brothers
• John Winters, CEO & Co-Founder, Superhero

Media Release | August 5, 2026

Salter Brothers, a global alternative asset manager, is pleased to announce that the Salter Brothers Tech Fund (Fund) has completed two portfolio exits and made its sixth and final investment, marking a standout quarter that highlights the strength of the Fund’s distinctive capital-plus investment model.

For the quarter ended 30 June 2026, the Fund delivered a 14.3% return on a like for like basis (inclusive of the cash distribution), a return of more than 35% since the Fund’s launch in April 2024.

Two full exits of payments platform IPSI and procurement software business Marketboomer, were completed within 24 months of their initial investments. IPSI was acquired by Commonwealth Bank in an all-cash transaction, delivering unitholders an internal rate of return (IRR) in excess of 100%. Marketboomer, the Fund’s first investment, was acquired by a US private equity firm in an all-cash transaction, expected to deliver a return of approximately c30% IRR.

Notably, both transactions retained their original bid pricing through to completion, despite a considerably more challenging market backdrop in the second half of financial year 2026, including a sharp global correction in technology company valuations and an energy-driven market shock stemming from escalating conflict in the Middle East.

Salter Brothers Head of Equities, Gregg Taylor stated “IPSI and Marketboomer are exactly the type of outcomes this Fund was established to deliver. We identified these businesses early, invested with conviction, worked closely with management to support their growth and successfully realised value through disciplined exits.”

“Holding original bid pricing through completion, in one of the toughest windows we have seen for technology valuations, says as much about the quality of these businesses as it does about our process,” Gregg Taylor added.

The Fund also confirmed its sixth and final investment: EngageRM, a global software-as-a-service (SaaS) CRM platform purpose-built for the sports and entertainment industries. EngageRM serves more than 50 leading clients across North America, the UK/Europe and Australia/New Zealand, including organisations across the NBA, the Premier League, the AFL, the NRL, as well as major live entertainment venues and promoters worldwide. As part of the investment, Gregg Taylor has joined the EngageRM board as a director and Emily Mohan has joined as a board observer.

Since inception, the Fund and its co-investment partners, have deployed approximately A$46 million across six investments.

A capital-plus investment model, underpinned by disciplined execution

The Fund’s performance reflects the strength of Salter Brothers’ capital-plus investment model, combining disciplined capital allocation with active ownership to help exceptional technology businesses achieve their growth potential.

The Fund focuses on identifying high-quality, growth-oriented companies led by experienced management teams and supports them through active board representation and strategic guidance. This approach is complemented by a high-calibre advisory board comprising specialists across fintech, payments, telecommunications, enterprise software and sports technology, providing deep sector expertise throughout the investment lifecycle.

Every portfolio company benefits from an active Salter Brothers board representative, reinforcing the Fund’s hands-on approach to governance, strategic decision-making and long-term value creation.

“This is our capital-plus investment model delivering exactly as intended. Achieving two successful portfolio exits within 24 months, both at full value despite one of the most challenging investment environments in recent years. The result of disciplined investment selection, active board engagement and the strength of our advisory network. We built this Fund to identify outstanding businesses early, partner closely with management teams and create long-term value for our investors. These outcomes reinforce the confidence our investors and co-investment partners continue to place in our investment approach,” said Salter Brothers Chief Executive Officer, Robert Salter.

The Fund’s remaining portfolio includes Prospa, Skymesh, Sports Collective and EngageRM, which continue to perform in line with their strategic growth plans, with several businesses actively pursuing acquisition and strategic partnership opportunities. Salter Brothers remains focused on supporting these companies through their next phase of growth while continuing to execute the Fund’s investment strategy and support value creation initiatives across the portfolio.

About Salter Brothers Tech Fund

The Salter Brothers Tech Fund is a wholesale equity fund that identifies and invests in established, high-growth Australian and New Zealand technology companies with proven unit economics and clear pathways to exit. The Fund is managed by Salter Brothers Tech Fund Manager Pty Ltd, a corporate authorised representative of Salter Brothers Asset Management Pty Ltd (AFSL 308 971). https://salterbrothers.com.au/techfund/

Important information and disclaimer available click here. This release is issued by Salter Brothers Tech Fund Manager Pty Ltd, a corporate authorised representative of Salter Brothers Asset Management Pty Ltd (AFSL 308 971). It is provided for general information purposes only. It does not constitute financial product advice, investment, legal or tax advice, or an offer, invitation, solicitation or recommendation to acquire any financial product. The Salter Brothers Tech Fund is available only to wholesale clients (as defined in the Corporations Act 2001 (Cth)). Unless otherwise stated, performance figures and returns referred to in this release are stated net of Fund-level fees and expenses and are calculated as at the applicable reporting, valuation or transaction date referred to in the relevant statement. Past performance is not a reliable indicator of future performance. Any forward-looking statements, estimates or projections are based on current expectations and assumptions and are subject to risks and uncertainties. Actual outcomes may differ materially from those described. Returns referenced (including IRR and multiple-on-money figures) may be estimates and are subject to change. Prospective investors should refer to the Fund’s Information Memorandum and other disclosure materials before making any investment decision.

Media Release | June, 29 2026

Singapore, 29 June 2026 – Tokyo Century Corporation (“Tokyo Century”) in partnership with OUE Limited (“OUE”) has agreed to acquire Crowne Plaza Changi Airport (“CPCA”), a leading airport hotel asset located at Singapore Changi Airport.

Directly connected to Terminal 3 and Jewel Changi Airport, CPCA benefits from a diversified and resilient demand base, including international transit passengers, airline crews and corporate travellers, as well as proximity to Singapore Expo and Changi Business Park.

This is Tokyo Century’s second hospitality transaction in partnership with OUE in Changi Airport, following its first partnership with OUE relating to the development of Hotel Indigo Changi Airport in March 2025, which is expected to be operational in 2028.

As part of this transaction, Tokyo Century and Salter Brothers established a joint venture asset management company which, together with OUE, will be co-managing this asset. Salter Brothers acted as investment manager for Tokyo Century.

This transaction also builds on Tokyo Century’s continued investment activity in Singapore’s hospitality sector and its growing relationship with OUE.

Yoichiro Nakai, Deputy President and Executive Officer of Tokyo Century, said “This investment highlights the appeal of Singapore’s strong fundamentals and its position as a global gateway. We are pleased to partner with OUE on this high-quality asset and to work alongside Salter Brothers to support its continued performance.”

Paul Salter, Managing Director of Salter Brothers, said “We are pleased to support Tokyo Century on this investment and to work alongside OUE on a high-quality asset such as Crowne Plaza Changi Airport. This transaction reflects Tokyo Century’s continued focus on prime hospitality assets in key gateway cities, and we look forward to supporting them on the asset going forward.”

The transaction is subject to regulatory and shareholder approval and has an approximate value of S$500 million.

Excerpt from HM Magazine   |  June 2026

Rahul Ghai, Managing Director, Asia

The current market environment is marked by increased borrowing expenses, worldwide unpredictability, and evolving geopolitical factors. According to JLL, it projects APAC hotel investment volumes to reach around US$13.3 billion in 2026, an increase from US$11.9 billion in 2025, with hotels securing roughly 8% of global CRE investment that year.

The sector remains inherently cyclical, and as capital becomes more expensive, institutional fund activity has moderated. Business travel is likely to be the first segment to contract under such conditions, creating a ripple effect across occupancy and rate performance.

These same constraints reinforce hotelsʼ fundamental appeal as real assets. Rising construction costs, planning complexities and financing limit new supply, creating a disciplined pipeline.

Salter Brothersʼ vertically integrated model provides a distinct competitive advantage. By aligning asset, development and revenue management in-house, they unlock genuine value-add opportunities, ensuring operational efficiency, sharper execution and superior investment outcomes.

Several key trends are redefining the development and investment landscape across the region:

CONVERSION-LED GROWTH

The shift away from greenfield development toward refurbishment and conversion strategies is accelerating. Rising costs and tighter feasibility margins are driving investors toward repositioning existing assets, particularly in the upscale segment where targeted capital investment can deliver better returns. This is an area where deep operational expertise and design-led thinking are critical. Conversion strategies also align with the growing institutional focus on embodied carbon and adaptive reuse, strengthening their ESG profile relative to greenfield alternatives.

PREMIUMISATION AND PERFORMANCE POLARISATION

A clear divergence is emerging between mid-market and high-end assets. Luxury and ultra-luxury hotels are demonstrating sharper performance resilience, supported in part by strong domestic demand across Asia. This premiumisation trend is reshaping the competitive landscape, with high-net-worth travellers seeking differentiated experience-led offerings.

THE RISE OF WELLNESS

What’s happening right now is more than just an industry trend; it’s a fundamental shift in how people value hotels. Hotels are no longer just places to sleep. They are becoming more of a wellness experience platform. The experience is now the core demand driver. It’s no longer confined to real estate or room inventory. It’s about wellness and intentionally designing reasons for people to choose you, return to you, and advocate for you. The most valuable hotel brands today aren’t just selling rooms; they’re creating cultural relevance and

emotional connection. This trend is particularly compelling in the ultra-high-net-worth segment, where demand for wellness-oriented living environments is expanding rapidly and attracting sustained capital interest.

SEGMENTS AND LOCATIONS OF FOCUS

Salter Brothers continues to prioritise high-performing gateway markets alongside select high-growth regional hubs.

In Australia, our strategic focus includes Sydney, Melbourne, and key destinations across Queensland underpinned by strong tourism fundamentals, infrastructure investment and diverse demand drivers. The new Sydney airport is anticipated to generate substantial economic uplift in both tourism and business activity across the broader Sydney area.

In the Asia Pacific region, Salter Brothers operates established offices in Singapore and Japan and is committed to broadening its market footprint by leveraging the experience and expertise from its Australian operations.

Click to read the feature here

As seen in HM Magazine

April 2026

LEAD AUTHENTICALLY

The expectation for women to “do it all” continues to be a significant challenge.

To grow the representation of women in leadership positions, it is important to design authentic workplace flexibility that champions family lifestyle. I have been fortunate to experience this, making it my priority to balance a successful career while protecting family time.

Experience has taught me not to emulate male leadership styles, but rather to realise the importance of what women bring to the table in leadership roles. We bring diverse thinking, life experience, and skillsets, which, when fully embraced, contribute to a more balanced approach towards projects and overall business success. Today, we are seeing more women in leadership roles across the hotel industry and within our own business at Salter Brothers.

From a predominantly male-dominated space when I first started in the industry two decades ago, the landscape has changed dramatically and continues to progress.

One of the most important lessons I have learned from one of my mentors is to “lead in your own style”. This is a lesson I have embraced and always come back to.

Advice I would share with the next generation of leaders is to say YES more to new projects and roles, even when you feel uncertain about your capabilities.

You learn so much through exposure, learning on the job and navigating challenges.  Lessons that no textbook or leadership course will teach you.