Lumenary Global Founders Fund
The Fund invests in founder-led companies creating new products and services with proven growth. (This is for Wholesale Investors only)
The Fund aims to provide a long-term return that exceeds the MSCI All Country World Net Index (in AUD).
Invest in founder-led companies whose new products and services continue growing market share over the next decade.
The Fund aims to simultaneously employ all of the following strategies, depending on market conditions:
- Market creators – invest in founder-led companies who are first movers in the creation of a new product or service. These products and services must have proven revenue growth and enduring use cases well into the future.
- Capital recycling – buy into founder-led companies whose valuation multiples are low relative to their history. We recycle capital by exiting once they reach fair value and reinvest into fresh opportunities that become available.
- Start with the unconstrained global universe – all listed stocks in the world (~40,000 stocks).
- Quant filter – based on revenue growth, margins, returns on capital, operational gearing, debt and founder involvement (~500 stocks).
- Qualitative filter – based on founder behaviour, motivations of senior executives, brand reputation, and product quality (~50 stocks).
- Valuation, monitor and track – monitor and wait; buy only when the price is within our valuation range (10-20 holdings).
- Recycle – if valuations reach excessive levels no longer commensurate with expected growth, recycle capital into new opportunities.
Investing in the Fund offers investors a range of benefits, including:
- diversification into global equity markets.
- exposure to a portfolio of quality international companies with global growth potential.
- gain exposure to brilliant founders from around the world; and
- fair fee structure that charges performance fees only for what it delivers to each investor over the long term.
Lumenary’s primary goal is to deliver long term returns to investors that exceed the growth of the global stock market.
Prior to founding Lumenary in 2017, Lawrence was an investment banker with Royal Bank of Scotland and Bank of Tokyo-Mitsubishi, a financial advisor with Deloitte, and worked in risk management as a financial regulator with the Australian Prudential Regulation Authority (APRA). Lawrence's personal capital is significantly invested with Lumenary.
Lawrence holds a Master of Applied Finance, Graduate Diploma in Corporations & Securities Law, and Bachelor of Commerce (Actuarial Science), all from The University of Melbourne.
Phil has over 20 years of management experience operating at CEO, Managing Director and Board level across Australia, Asia, and the UK. Phil is currently also a Non-Executive Director of Credit Corp Group Limited (ASX:CCP) and Chairman of Xpon Technologies.
Phil’s previous roles include CEO and Managing Director of Countplus Ltd (ASX:CUP), CEO of Total Financial Solutions Australia, a financial advisory network, and Head of Credit Cards at Commonwealth Bank of Australia.
Phil was also previously Founder & Managing Director of Aris and Associates, a management consulting firm. Phil brings significant experience growing businesses from the ground up and now provides strategic input to Lumenary.
Qualifications:
- Master of Management – Macquarie Graduate School of Management
- Bachelor of Economics – University of Western Australia
- Diploma of Financial Services, Financial Planning – FPA
Ian is a pharmacist, entrepreneur, board director and national advocate. He has spent over 30 years in advocacy and board roles at state and national level. Ian is a former Chairman of Guildlink and Director of Guild Group, a national general and professional indemnity insurer to most allied health practitioners in Australia. Guild Group is also the trustee for Guild Super and Childcare Superannuation funds.
As an entrepreneur, Ian has previously established and grown pharmaceutical and medical practices, as well as a complimentary medicines business that became a multinational manufacturer and distributor across Australia, Singapore and the Middle East.
Ian brings a deep understanding a range of industries and understands the true value of businesses which possess a founder’s spirit.
- Master of Business Administration – University of Adelaide
- Graduate Diploma in Company Directorship – University of New England
- Bachelor of Pharmacy – University of South Australia
Jo-Anne is an experienced senior executive and board director who has worked for 30+ years predominantly in financial services, and specifically superannuation and financial advice, focusing on client engagement, leadership and innovation.
Jo-Anne is currently a Non Executive Director on the trustee boards of Colonial First State superannuation and investment entities. She is also an Advisory Committee member of Financy, and a strategic advisor to Novigi.
Previous roles include Senior Partner of Mercer, a global funds management advisor and asset management firm, Non Executive Director of the Association of Superannuation Funds of Australia (ASFA), and CEO of the Financial Planning Association of Australia (FPA).
Jo-Anne is interested in contributing to the rise of financial firms that are doing things differently - operating ethically and for the long-term benefit of clients. Jo-Anne brings significant institutional experience to Lumenary's Advisory Panel.
- Bachelor of Commerce – UNSW
Relevant Documents
You should read the PDS, TMD (if applicable) or any Investment Memorandum (or other offer documents) related to this product before making an investment decision. These documents (if available) can be found at https://lumenaryinvest.com/, or if this is a "wholesale investor only" investment, can be viewed by contacting the Product Issuer identified on the aforementioned website.
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