A concentrated portfolio of 15–30 world-class businesses with durable competitive advantages, high margins, strong balance sheets and outstanding management teams.
Invest Now Book a MeetingOur strategy is benchmark-agnostic with an absolute return focus. We invest across North America, Europe, and Asia-Pacific in businesses we would be comfortable owning in their entirety for a decade.
We seek monopoly or oligopoly-style businesses with pricing power and durable economics. These often include online classifieds, infrastructure, enterprise software, and testing platforms.
We blend the frameworks of Graham and Buffett (value), Fisher (growth), and Marks (risk management) to guide every investment. High-quality companies at fair prices, compounding over the long term.
We are indifferent to benchmarks. Our goal is to compound capital at double-digit returns through cycles, with a focus on capital preservation during drawdowns. Cash has no limits when opportunity is scarce.
We target businesses that exhibit most or all of the following characteristics.
Rated "Favourable: Investment Grade" by SQM Research, reflecting our robust investment process, research quality, and dedication to attractive risk-adjusted returns.
Investment GradeInvest via the Netwealth Platform using APIR Code GCL3663AU. Also available on Praemium and via direct application.
APIR: GCL3663AU
Recognised as a finalist for Best Fund Manager – Equities at the 2025 Australian Wealth Management Awards.
Best Fund Manager – EquitiesA selection of current and representative portfolio holdings across our core verticals.
| Trustee | Gannet Capital Pty Limited |
| Investment Manager | 5AM Capital Pty Ltd |
| Administrator | Unity Fund Services Pty Ltd |
| Minimum Investment | $250,000 AUD ¹ |
| Additional Investment | $50,000 AUD or more |
| Investor Eligibility | Wholesale Clients |
| Concentration | 15–30 stocks |
| Target Market Cap | US$1bn+ |
| Currency Exposure | AUD, unhedged |
| Applications | Monthly |
| Management Costs | 1.0% p.a. of NAV, paid monthly ² |
| Performance Fee | 15.0% of excess return over the hurdle rate, subject to a high-water mark ² |
| Hurdle Rate | 8% per annum |
| Cash Weighting | No limits |
| Est. Turnover | ~10% p.a. |
| Objective | Double-digit returns compounded over the long term |
| Time Horizon | Suggested minimum 5–7 years |
Reach out to our team for an introductory conversation. We'll discuss your objectives and how our fund may fit your portfolio.
We'll provide the Information Memorandum, subscription documents, and any additional materials you require for your due diligence.
Apply directly or via Netwealth (APIR: GCL3663AU) or Praemium. Applications are processed monthly.
