Launched in 2016, Lakehouse Capital is the Sydney-based investment manager of two unlisted managed funds: the Lakehouse Small Companies Fund and the Lakehouse Global Growth Fund.
The Lakehouse Small Companies Fund concentrates on investing in small, fast-growing companies across Australia and New Zealand — including access to IPOs, pre-IPOs, and institutional raisings that aren’t readily available to individual investors.
The Lakehouse Global Growth Fund focuses on investing in mid- to large-capitalisation global growth companies in developed markets. Big picture, we’re backing market leaders with long growth runways.
Read on to learn more about our Philosophy, meet our investing team (including a brief video from Chief Investment Officer, Joe Magyer) or catch up on Investor Letters. You can also register your interest in our funds here.
Lakehouse Capital focuses on competitively advantaged companies that are growing in attractive industries, led by talented and aligned management teams. Such opportunities tend to offer multiple ways for patient, long-term investors to achieve market outperformance. Meanwhile, we seek to limit our downside via a rigorous research process emphasising financial strength and attractive valuations, among other factors.
Few investments offer the compelling long-term outcomes we search for, as a result we hold large allocations to a concentrated portfolio of elite businesses. We view our stakes in businesses as strategic, long-term investments, not trading positions.
We are firm believers in the power of concentration. Both logic and empirical research support the philosophy of concentrating capital in one’s top ideas, and it well suits our long-term, business-focused, low-turnover, tax-considered approach.
Who owns Lakehouse Capital?
Lakehouse Capital Pty Ltd (ACN 614 957 603) is wholly owned by The Motley Fool Australia Pty Ltd (ACN 146 988 052), which launched in 2011. Our parent company, US-based The Motley Fool, was launched in 1993 and has hundreds of thousands of members worldwide.
Each member of the Lakehouse Capital team has an ownership stake in The Motley Fool.
Who is the responsible entity?
The responsible entity for both the Lakehouse Small Companies Fund and the Lakehouse Global Growth Fund is an entity from within One Investment Group, one of Australia’s leading providers of responsible entity services.