The Canadian firm became an affiliate of Pinnacle in 2021 and invests in global smaller companies with its US$300 million ($470 million) Global Smaller Companies Strategy.
This is a high-conviction, small-cap portfolio of 25–40 global companies that aims to outperform the MSCI World Small Cap Net Index.
As part of its London expansion, the firm will launch a UCITS version of the fund available to UK, European and select Asian jurisdictions.
Greg Dean, founder of Langdon, said: “The London office and the launch of a UCITS fund are both a natural extension of our global investment strategy, one that has continued to develop in both scale and sophistication.
“Our growing presence in the region unlocks important access to investment opportunities – and allows us to build relationships with clients, management teams and companies much more consistently than we could making 6–8 trips per year as we have over the last decade or so.”
Founded in 2022, it now has five investment professionals and is majority owned by its investment team. It became part of Pinnacle in November 2021, its first North American affiliate, with Pinnacle taking a 32.5 per cent stake and providing distribution and infrastructure services.
In its half-year results earlier this year, Pinnacle flagged it is eager to be more active with its overseas distribution in the UK and European market and was assessing target market demand in the region.
Pinnacle founder Ian Macoun said: “We definitely will do more in distribution overseas very soon in the UK and European wholesale and retail markets. We are doing a lot of work and working on new opportunities. It would be fair to say that we are seeing more opportunities than ever; it definitely feels like there are more people interested. We have already raised more dry powder as we can see the prospect to do more acquisitions.”
Pinnacle already has an existing presence in London with affiliates Life Cycle Investment Partners, founded last year by former managers at Royal London Asset Management, emerging market manager Aikya Investment Management and multi-asset manager Pacific Asset Management.
The PAM acquisition is the latest one to enact with Pinnacle, taking a 25 per cent stake last November. It already held a relationship with the asset manager as it is the distributor of funds by affiliate Coolabah Capital in the UK.
