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. Every investment is evaluated through the 5AM Scorecard.
We seek monopoly or oligopoly-style businesses with pricing power and durable economics across infrastructure, testing, online classifieds and enterprise software.
We blend the frameworks of Graham and Buffett (value), Fisher (growth), and Marks (risk management). 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.
We target businesses that exhibit most or all of the following characteristics.
Rated "Favourable: Investment Grade" 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 – EquitiesClick on a holding to learn more about why it fits our investment framework.
| 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 about your objectives and how our fund may fit your portfolio.
We'll provide the Information Memorandum, subscription documents and any additional materials for your due diligence.
Apply directly or via Netwealth (APIR: GCL3663AU) or Praemium. Applications are processed monthly.
