L1 Capital prepares to list LIC

By Reporter
 — 1 minute read

Melbourne-headquartered L1 Capital is finalising the IPO of its long/short fund as a listed investment company (LIC), assembling a broking team led by NAB.

NAB will be the lead arranger for the IPO of L1 Capital's long/short fund, along with a syndicate of broking firms including Morgan Stanley, Ord Minnett, Taylor Collison, Wilsons, Morgans and Crestone.

Bell Potter, Macquarie, First NZ, Hunter Capital and Shaw and Partners will act as co-managers for the new LIC.


The LIC will make L1 Capital's long/short fund, which has delivered a cumulative return of 184.7 per cent since inception in September 2014, available to new investors.

The long/short fund invests in a portfolio of Australian and international equities with both long and short positions.

L1 Capital lodged a prospectus for the LIC with ASIC on Friday.


L1 Capital prepares to list LIC
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