The investment manager had $1.5 billion in FUM as of December 2009, but would close each of its two funds - the Greencape Capital Broadcap Fund and Greencape High Conviction Fund - at $3 billion in FUM, Greencape Capital portfolio manager David Pace said.
In the past two weeks, the manager has received an additional two mandates worth $400 million, while the firm's clients, including Hostplus, have added another $200 million to existing mandates.
Investors were attracted to the firm because it was a "true-to-label boutique", Pace said.
"We have offered to constrain the capacity in our funds to ensure that we deliver the maximum performance for our investors," he said.
The Greencape Capital Broadcap Fund invests in large, mid-cap and small-cap Australian shares. The Greencape High Conviction Fund invests in a concentrated portfolio of 15 to 40 stocks.
The firm is backed by Challenger Financial Group.
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