Tectonic Opportunities Fund
The Fund is an actively managed, diversified portfolio of 20 to 40 equity and equity-related securities with a global remit. (For Wholesale Investors Only)
The Tectonic Opportunities Fund (the Fund) is an actively managed, diversified portfolio of 20 to 40 equity and equity-related securities with a global remit.
The portfolio is predominantly publicly-traded securities (50-100%) complemented by an allocation (0-50%) to less-liquid pre-IPO or growth stage unlisted investments.
The Fund takes a high-conviction / low-turnover approach to investing into fast-growing high-quality businesses that will be the future champions of their sector.
The Fund seeks to generate double-digit returns over a long-term horizon while preserving capital via long/short portfolio construction.
*Fund established 6th July 2020, performance from that date.
• Performance Summary net of fees.
• Past performance is not indicative of future performance.
The Fund has a broad mandate to invest in equity and equity-related securities (either listed or unlisted). The Fund seeks to generate outperformance over the medium to long term while preserving capital via long/short portfolio construction.
The Fund takes a high-conviction / low-turnover approach to investing in fast-growing high-quality businesses that will be the future champions of their sector.
Core to Tectonic’s investment philosophy is a focus on identifying and assessing relevant long-term themes (usually driven by technology, demographic, environmental, or geopolitical developments) to filter down a large universe into a researchable opportunity set, and then identify the very best businesses within those themes.
We take a long-term private-equity style to the way we evaluate and invest in businesses. We seek a high level of engagement with management during our due diligence and ownership period. We due diligence our investment opportunities from all angles - engaging with a company’s customers, competitors, ex-employees as well as those who have a contrasting view to our own to make a 360-degree assessment of an investment opportunity.
Small cap focus
We focus on the small-cap space where the potential for mispricing is the greatest. Small-cap companies typically have greater growth potential, more opportunities for valuation-arbitrage as they grow, less analyst-coverage and better access to management.
Swim with the current, not against it
We invest around long-term themes that provide structural tailwinds/headwinds to particular sectors. In these sectors we then target fast-growing companies that have significant future growth potential ahead of them. We invest in opportunities that are already heading the right direction rather than trying to pick turning-points.
Invest for the long-term
We believe compounding the winners over the long-term will drive the Fund’s outperformance. We take a ‘business-owner mindset’ that allows us to position for the long-term rather than managing to short-term performance outcomes.
Incentives equals outcomes
We believe an appreciation of incentive structures is critical for successful investing. We look for proven, high-quality management (preferably founders) who we can engage with and who have significant ‘skin-in-the-game’. This alignment of interests is replicated at the Fund-level with Tectonic’s unique fee structure and significant team investment.
‘All-seasons’ strategy
We strive to build a portfolio that can navigate both strong and weak market conditions. Our portfolio construction parameters limit concentration and liquidity risk. Our focus on non-cyclical/lowly-geared companies and shorting strategies equip the Fund to ride out down-markets.
Tectonic Investment Management Pty Ltd (the Company) is a corporate authorised representative of Boutique Capital Pty Ltd (BCPL) AFSL 508011, CAR Number 1282097.
The Company has taken all reasonable care in producing all the information contained in the website including but not limited to reports, tables, maps, diagrams and photographs.
However, the Company will not be responsible for loss or damage arising from the use of this information. The contents of this website should not be used as a substitute for detailed investigations or analysis on any issues or questions the reader wishes to have answered.
You may download the information for your own personal use or to inform others about our materials, but you may not reproduce or modify it without our express permission.
To the extent to which this website contains advice it is general advice only and has been prepared by the Company for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth).
The information in this website is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this information are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information.
Any investment(s) summarised in this website is subject to known and unknown risks, some of which are beyond the control of the Company and their directors, employees, advisers or agents. The Company does not guarantee any particular rate of return or the performance, nor does the Company and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance.
All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the investment documentation, which must be read prior to investing. It is important to note risk cannot be mitigated completely.
Whilst the contents of this website is based on information from sources which the Company considers reliable, its accuracy and completeness cannot be guaranteed. Data is not necessarily audited or independently verified. Any opinions reflect the Company’s judgment at this date and are subject to change. The Company has no obligation to provide revised assessments in the event of changed circumstances. To the extent permitted by law, BCPL, the Company and their directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this website, or for any negligent misstatements, errors or omissions.
Tectonic Investment Management (Tectonic) is an active boutique investment manager based in Kingscliff, Australia. Tectonic is 100% independent and owned by the investment team.
Tectonic was founded in 2020 by Ben Haan, who has more than 20 years of relevant experience in private equity investment, public equities investment and management consulting across Australia, Europe and the United States.
The team have a long and successful track record having worked together for 14+ years. We are the largest investors in the Fund and our unique fee structure means that we are aligned with the Fund’s investors in maximising returns while
limiting downside risk.
Ben has more than 20 years of relevant experience across private equity investment, public equities investment and management consulting.
Ben has a global perspective having lived and worked in London, New York, Switzerland, Sydney, Stockholm, and Rotterdam over the past two decades.
Most recently he was a Partner and Head of Asia-Pacific Infrastructure at Partners Group, the Swiss-headquartered global alternative asset manager. During his 12 years at Partners Group, Ben was responsible for the origination and execution of more than USD 1.5bn of direct private equity investment, generating > 2.0x realised return and an average internal rate of return (IRR) > 25% across all investments (as of 31 December 2019).
Prior to joining Partners Group, Ben completed his MBA at Monash Business School and worked 7+ years in management consulting in the UK and Australia.
Michael has over 20 years of experience in private equity and financial services.
He still serves as Operating Partner at Partners Group’s Private Infrastructure business. Previously, he served as Co-Head of the Private Infrastructure business department and Chairman of the Private Infrastructure Investment Committee.
He has been with Partners Group since 2000. Prior to joining Partners Group, he worked at Zurmont Management and SBC Warburg.
Michael holds a master’s degree in economics from the University of St. Gallen (HSG), Switzerland. He is also a CFA charter holder, a certified Swiss stock trader, and holds the Financial Risk Manager designation.
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Nandan is a former Senior Vice President in the Private Infrastructure investment team at Partners Group, the Swiss-headquartered global alternative asset manager.
During his 12 years at Partners Group, Nandan worked closely with Ben and Michael and was responsible for originating, executing and realising direct private equity investments in the energy and infrastructure sector. Nandan worked in Partners Group’s Singapore and Sydney offices and has led several transactions in Asia and Australia.
Prior to joining Partners Group, Nandan worked as an analyst at Bloomberg LP and spent 2 years in private equity research. Nandan holds a bachelor’s degree in business management from Singapore Management University.
Past performance is not indicative of future performance.
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