Boutique fund manager Seer Asset Management is seeking to raise $4 million in capital in order to grow its multithematic and ethical funds.
Seer Asset Management has announced in a statement it is launching an offer to raise $4 million, comprising of “up to 40 million Converting Preference Shares at $0.10 per share with a 10 per cent unfranked dividend and a free 1-for-1 option at $0.20”.
After two years or upon listing, the preference shares will convert to 1.5 fully-paid ordinary shares, the statement said, and $2.62 million of the $4 million raised would go towards seeding Seer’s new Mega Trend fund.
Seer is headed by former CommSec executive Steve James, with former LeMessurier Securities executives Peter and Alice LeMessurier acting as managing chairman and managing director respectively.
Mr James said Seer’s “multithematic investment approach” involves identifying ‘mega-trends’ across the globe that were currently shaping investment.
“We have developed a fund that will invest in companies embracing the inevitable change arising from these Mega Trends and will launch this fund on completion of the offer,” he said.
Sustainable and ethical investing research will be incorporated into Seer’s analysis, Mr James added.
There exists a rising global demand for social and responsible investing (SRI), he said.
"We believe that SRI is not just an altruistic pursuit; it is also an increasingly growing area of asset management that can generate long-term returns.
“As co-investors in both the manager and the underlying funds, investors will have exposure to a strong portfolio of the Mega Trends, SRI and global markets while also benefitting from the growth of the manager.”
Seer’s six ‘mega-trends’ are healthcare; agriculture, food and water; ‘the rise of the individual’; globalisation; energy; and disruptive technology.