Navigator Global Investments (ASX:NGI) announced a strategic partnership with Georgian, a premier Canada-based technology investor specialising in high-growth, artificial intelligence-focussed B2B enterprises.
The deal involves NGI acquiring a 4.5% passive, indirect minority ownership stake alongside a preferred economic interest in the Toronto-headquartered firm.
The total investment is valued at US$100 million, with an initial US$5 million paid at closing on March 28 and the remaining US$95 million deferred over a three-year period.
The transaction serves as a pivotal move for NGI to deepen its exposure to AI-driven growth equity.
Georgian, which currently manages US$5.9 billion in assets, is a seasoned player in the sector.
Since its founding in 2008, the firm has undertaken 80 investments and 30 exits, leveraging a unique in-house AI Lab staffed by software engineers and data scientists to support its portfolio companies.
NGI leadership has confirmed that 100% of the transaction proceeds will be utilised by Georgian to fund further growth initiatives.
Stephen Darke, CEO of Navigator Global Investments, emphasised that the partnership aligns with the company's broader strategy of providing growth capital to leading alternative investment firms.
He noted that artificial intelligence is poised to be a dominant investment theme for the next century, describing Georgian as a "true pioneer" in the field.
At the time of reporting, Navigator Global Investments' share price was $2.02.