Investor Summary

David Steinthal founded L1 Capital International in 2018 after serving as Senior Portfolio Manager and Investment Committee Member at Lowy Family Group, where he co-managed high-quality global equities portfolios. He brings extensive experience across multiple sectors and investment banking background from Babcock & Brown and UBS, with educational credentials from the University of New South Wales in Law and Commerce with Finance specialization. L1 Capital's co-founders Raphael Lamm and Mark Landau established the broader L1 Capital firm in 2007, building it into a global independent investment manager with offices across four countries and a track record of delivering market-leading performance through differentiated investment approaches with outstanding client service, transparency, and integrity.

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Fund Strategy

L1 Capital International believes that quality and value are key drivers of long-term total shareholder returns. The fund views risk as a permanent loss of capital as opposed to volatility in share prices. The fund invests in businesses that operate in well structured, growing industries with durable business models and aligned management. L1 Capital International integrates ESG considerations into its investment diligence and decision-making alongside qualitative and financial considerations. The fund employs fundamental, bottom-up analysis emphasizing companies operating in growing industries with durable business models, aligned management, growing free cashflow, high returns on invested capital, proactive ESG policies, and attractive capital management.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
14.9% 2.6% -
2025 2024 2023 2022 2021 2020
9.8% 29.0% 36.9% -21.1% 41.1% 3.8%