Regal Partners Limited (ASX:RPL) is looking for acquisitions. Regal Partners will have plenty of firepower left over for acquisitions should opportunities arise after it significantly boosted its scale and investment offering with two major deals this week. However, for now it seems the focus will shift back to organic growth.

The ASX-listed alternatives manager founded by Phil King will almost double its funds under management to $10.8 billion with its purchase of long-short equities and fixed-income fund PM Capital and 50% stake in Taurus Funds Management, a specialist financier of mining companies. After making upfront cash payments totaling about $48 million for these deals, Regal will have a significant amount of cash available for acquisitions, according to CEO Brendan O'Connor. "We're absolutely still looking to do acquisitions, if they make sense," he said.

"We're looking to grow our business organically, first and foremost . but we continue to keep on the lookout for attractively priced, accretive, culturally aligned transactions." Regal has more than $200 billion of surplus capital on its balance sheet. The cash required for PM Capital and Taurus will use less than one-quarter of its surplus capital.