The Blue Owl-backed, battle-scarred ASX stock in favour with the smart money set
Navigator, an investment house backed by one of the hottest firms on Wall Street, has an unusual backstory. That hasn't stopped Australian investing royalty from piling into it.
Over the last six months, a who’s who of Australian investing has been piling into a newly-revived 25-year-old stock that has exposure to many of the hottest themes in global markets.
Phil King's Regal Funds Management is known to dabble in it. Storied fund manager Perpetual Investments recently disclosed a 5% stake in it. At the company's investor day at the tail end of 2025, one of the first questions from the field came from Soul Patts chief executive Todd Barlow, no less.
The stock in question is Navigator Global Investments, and this flood of smart money has underpinned an 86% gain in the name over the past year. And it's not just ASX smart money that is behind the company. USD300 billion ($450 billion) New York-based alternatives giant Blue Owl is the company's single biggest shareholder.
“Many of our investors are asset managers so they understand alignment, but they can’t get exposure to alternatives. Navigator provides a unique way of doing it,” chief executive Stephen Darke tells Capital Brief.
