One of the companies that helped it list was MFS Limited which was also a cornerstone investor making it a significant shareholder.

[2][6] After the 2007–2008 financial crisis, HFA had encountered some significant difficulties.In December 2008, its share price was A$4.9 cents which was a decline of 98% since its peak in July 2007.

[2][3][7] In April 2014, it was announced that Young would resign as his position as Chairman of HFA and end his involvement with the company.

[10] In August 2020, NGI agreed to buy minority interest stakes in six alternative investment managers from Dyal Capital.

[11] In September 2021, NGI signed a definitive agreement to acquire a 32 per cent ownership interest in Longreach Alternatives .

[12] In April 2022, NGI looked to raise A$47 million via placement so it could acquire a 20% stake of US real estate manager Marble Capital.