Update and acquisition of interest in Advantage Partners

Pinnacle Investment Management Group Limited (ASX: PNI) (“Pinnacle”) is pleased to announce that it has reached agreement to acquire a strategic interest in Advantage Partners, the largest independent, diversified private markets platform in Japan. Pinnacle has agreed to acquire up to 13% of Advantage Partners over a 3-year period via an initial 5% stake1 for A$92m and an option over a further 8%