Melbourne-based fund manager Datt Capital is initiating a wider raise for its freshly minted Small Companies fund, after securing $25 million in early commitments.
Melbourne-based fund manager Datt Capital is initiating a wider raise for its freshly minted Small Companies fund, after securing $25 million in early commitments from a mix of existing and new investors.The new strategy would hold 15 to 20 long positions, taking its picks from companies outside the ASX 100. It would also look at pre-IPO opportunities.
It wouldn’t be surprising to see some old names from the firm’s Absolute Return Fund pop up in the portfolio. The original fund, whose mandate allowed it to invest in a wide range of assets including fixed income, ended up building a substantial stake in trading platform Selfwealth. Another big position has been WA1 Resources, where it is sitting just under the substantial mark. Founder Emmanuel Datt said he likes WA1 for its niobium discovery in Arunta, WA – a much safer jurisdiction than Brazil and China which currently control the global supply.The seed capital means the new fund can start putting money to work, while rounding up investors for the broader raise.
“On a five-year rolling timeframe, the small cap index is currently trading at a material divergence from the broader market index in terms of valuation. When thisThe firm manages about $100 million for high-net-worths and financial advisers. has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
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