Rod Bristow named as new Breakthrough Victoria CEO
Make us a preferred source
Make us a preferred source on Google
The news: Victorian government-backed investment company Breakthrough Victoria has appointed former Investible chief executive Rod Bristow as its new CEO.
The numbers: Under its previous leadership, Breakthrough Victoria built a portfolio of 33 companies with direct investments exceeding $300 million, while attracting $1.06 billion in co-investment.
The fund's portfolio companies work with more than 1,200 local suppliers, with 57% currently exporting and 83% planning to export within the next year. Additionally, 88% of portfolio companies have commercialised Victorian intellectual property or innovations.
The context: Bristow brings more than 30 years of experience across stockbroking, asset management, wealth management, agribusiness and not-for-profit sectors to the role.
In August 2024, Breakthrough's inaugural CEO Grant Dooley stepped down from the role after three years.
Breakthrough Victoria, launched in 2021 as a private investment company for Victoria, provides long-term patient capital to innovation-led businesses.
What they said: "My focus will be building on the strong foundations the team and the board at Breakthrough Victoria have laid and, on behalf of all Victorians, contributing to its ongoing growth and success," Bristow said.
The source: Breakthrough Victoria media release
