• INVESTMENT OPTION

    ALIUM ALPHA FUND

    A Cross-Over Investment Fund With Public And Private Equity Investments – Modelled On The Traditional Family Office Structure

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ABOUT ALPHA FUND

Alium Capital caters to an exclusive club of like minded & patient investors willing to look beyond traditional & crowded areas of the share market. We aim to use our flexible family style mandate to generate alpha. Our combined years of experience in managing risk will protect capital during times of heightened volatility.

The Fund focuses on investing in private & public companies with a particular focus on providing later stage funding to Technology & Innovative companies intending to list on the ASX in the future.

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Tapping Technology & Innovation in APAC

Tapping Technology & Innovation in APAC

Take advantage of a perceived gap in the market for sophisticated investors, who up until now, have been unable to participate in the broad investment mandate of a family office structure

Focused on Pre-IPO ASX Technology

Focused on Pre-IPO ASX Technology

Core focus within technology & innovation. We will invest in Pre-IPOs, recapitalizations & placements. An opportunity to leverage our extensive network of relationships to invest in a part of the market that is overlooked by larger funds whose growth in assets has limited their ability to generate alpha in this space.

Backing Fast-Growing,  High Margin Private Investments

Backing Fast-Growing, High Margin Private Investments

Aim to access all smaller deals, both private & public, which have been historically dominated by a combination of retail investors, large family offices, PE/VC entities – hence creating a gap in the market for ALIUM. Offer larger sized investors in the fund the ability to co-invest in pre-IPO opportunities.

Arbitraging Investments in Public Equity Markets

Arbitraging Investments in Public Equity Markets

Immersed in the private technology world, with deep relationships with VCs, accelerator & incubators gives Alium an edge in identifying, analyzing & supporting pre-IPO deals in the growing technology sector. The key to success for ALIUM is to have a flexible mandate that will allow the generation of significant alpha at the fund level.

Portfolio Hedging & Liquidity Focused

Portfolio Hedging & Liquidity Focused

Finally, we are an all-weather investment fund. In periods of turbulence in financial markets, our years of experience in managing risk & avoiding draw-downs should allow ALIUM to protect capital during times of heightened volatility.

PRE-IPO FOCUS: Alium Capital Management is an investment manager catering to sophisticated investors seeking family office style flexibility & exposure, with a particular emphasis on pre-IPO investments on the ASX.

PUBLIC/PRIVATE: Broadly we are a cross-over investment fund specializing in unlisted companies and public equities. We are focused on emerging technology & innovative companies, covering the spectrum from private Series-A-to-Z fund raisings, as well as investing opportunistically in emerging listed stocks.

QUALITY MANAGEMENT & FINANCIALS: Alium places a heavy emphasis on management and financial metrics to invest in businesses that can grow into meaningful enterprises with global reach. In particular Alium will typically look to invest in high growth, high margin companies, that demonstrate a competitive edge in both innovation and disruption.

CO-INVESTMENT: We allow our investors to co-invest in select deals.

EXPERIENCED FUND MANAGERS: The team has a combined 100+ years of industry experience & relationships which they leverage to identify alpha generating deals. In addition, the manager’s have experience in research, stock selection & portfolio management to be active in the market segment that is overlooked by larger funds with restrictive mandates.

FOCUS ON RISK MANAGEMENT: Experience in managing risk & avoiding draw-downs bodes well to protect capital during times of heightened volatility.

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INVESTMENT DRIVERS

TECHNOLOGY AND INNOVATION ARE CRITICAL COMPONENTS OF THE GLOBAL ECONOMY, AND WE BELIEVE PRIVATE AND PUBLIC ASSETS IN THE ARENA WILL CREATE SIGNIFICANT VALUE TO CONSUMERS AND ENTERPRISES ON A SECULAR BASIS. WE INVEST TODAY, FOR RETURN’S TOMMOROW.

  • A sustained period of globally low interest rates has resulted in investors seeking exposure to growth in private assets, especially in Technology
  • Technology innovation with mobility and the cloud is resulting in businesses driving productivity and new revenue opportunities in both Consumer and Enterprise segments
  • Capital availability globally is coming from a multitude of avenues, ranging from Pension Funds, Sovereign Funds, Venture Capital, Private Equity Fund, Corporate and High Net Worth individuals
  • The Australian Stock Exchange (ASX) is a logical avenue for capital raising for businesses that have traction and have ambitions to build global businesses
  • The US stock markets: Technology and Innovation constitute circa 50%+ of the index
  • ASX: has historically been dominated by Banks and Mining companies. Technology represents circa 10%, and hence the future growth and opportunity set remains lucrative
  • As small cap funds grow in AUM , the impact of deal opportunities diminishes & alpha generating transactions are often overlooked due to size restrictions
  • Our intention is to exploit inefficiencies in pricing between the private & listed markets
  • Alium’s ability to tap pre-IPOs is significant, through decades of industry experience & strong relationships
  • The Australian technology landscape is shifting with companies demonstrating their ability to compete on a global platform & create significant shareholder value

THE ALIUM ALPHA TEAM

EXPERIENCED FUND MANAGERS

  • MICHAEL CONSIDINE
    MICHAEL CONSIDINE
    PARTNER

    Michael has over 16 years of equity market experience predominantly in Asia & Australia. Michael started out as a private client advisor with Salomon Smith Barney before moving to Singapore with Citigroup where he worked within the Institutional Equities Division. Michael then moved to Morgan Stanley where he spent the next 8 years with time in both Hong Kong & Singapore focusing on Asia ex Japan equity markets. After heading the Institutional Equity Sales & Trading desk in Singapore as an Executive Director at Morgan Stanley, Michael returned to Australia to help establish a global long short fund before co-founding Alium Capital. Michael has a Bachelor of Economics from the University of Sydney.

  • RAJEEV GUPTA
    RAJEEV GUPTA
    PARTNER

    Rajeev has 20 years of experience analysing, investing & building technology companies. Rajeev began his investment career at Goldman Sachs, where he worked for almost a decade in the investment group in Hong Kong, Singapore & New York with a focus on listed & unlisted technology companies. Rajeev then utilised his technology investment experience as a portfolio manager at both Tribeca & Merricks Capital where he ran global technology funds. He then built his own 25-person technology start up called Geckolife, before establishing Alium Capital. Rajeev has an Honours degree in Finance & Econometrics from the University of Sydney.

  • JASON RICH
    JASON RICH
    PARTNER

    Jason has 18 years experience in equity markets both in Australia & across Asia. Jason began his career on the graduate program at Goldman Sachs in London having studied economics & law at Sydney University. After 5 years in London, Jason returned to Sydney to open an office for GLS Capital which was a global emerging markets hedge fund, where he ran a fundamental long/short portfolio focusing on Asia/Australia. Jason then ran a similar portfolio at Bennelong Asset Management before moving to Singapore to launch Canning Park Capital which was also an Asia Pacific focused long/short fund. Most recently Jason worked at JCAM asset management which was a family office structure spun out of Moore Capital.

  • SEAN HARDY
    SEAN HARDY
    ANALYST

    5 years of experience analysing small and midcaps. Sean worked with Fidelity as an equity analyst. Coverage included education, childcare, automotive, paper & packaging, print, legal, leasing, defense contractors, and other consumer services and small industrials, as well as a focus on investigative accounting. Sean completed a Bachelor of Economics from Sydney University with Finance Honours.

  • TIM BOLGER
    TIM BOLGER
    COO

    16 years of experience in senior operations and distribution roles in Australia. Tim began his financial services career in 2004 and has worked across a range of asset classes, with responsibility for product development and structuring, marketing and distribution as well as all operational and compliance functions. Tim came to Alium following six years as COO of Watermark Funds Management. He has a Bachelor of Arts from the University of Melbourne and a Diploma in Law

ALIUM ALPHA FUND

THE ALIUM INVESTMENT PROCESS


  • ALIUM FUND FIT
    • Category Leader Potential
    • Global Expansion Potential
    • Competitive Threat
    • Valuation Catalysts
    • Expected Return & Duration
  • 1. COMPANY PRE-REQUISITE
    • Revenue generating
    • Sizeable TAM/SAM/SOM
    • Profitable < 2-3y
    • Attractive valuation with 12-18m catalyst
    • Management & team skill
    • Path to IPO / liquidity
  • 2. QUANTITATIVE METRICS
    • TAM
    • Revenue growth
    • Cash burn
    • Gross margins
    • LTV/CAC
    • Sustainable LT profitability
    • Capital Structure
    • Historical and incremental asset intensity
  • 3. QUALITATIVE MEASURES
    • Management capability / Board skillset
    • Industry knowledge
    • Competitive barriers
    • Product scrutiny
    • Business strategy, Product, Brand, and/or other qual metrics
  • 4. MARKET/TAM
    • Global market opportunity
    • Competitive dynamics
    • SWOT on growth set
  • 5. FINANCIAL MODEL
    • Bottom up and Top down Financial Model
    • Sensitivities to Revenue, Expenses and Margins
    • Bear/Base/Bull scenario analysis and valuation sensitivity
  • 6. VALUATION DISCIPLINE
    • EV/Sales
    • Profit multiples
    • NPV/DCF
    • Public comps / Private transactions
    • Absolute valuation
    • Quant screen for active shorts
  • 7. RISKS & COMPETITION
    • SWOT growth set
    • Customer checks
    • Regulatory risks
  • 8. TECHNOLOGY DD
    • Engineering team structure & experience
    • Database structures
    • User data analysis
    • Customer reviews
  • 9. DOCUMENT CITING
    • Incorporation & Constitution
    • SHA
    • Term sheets
    • Customer agreements
    • Cap table

    FUND PERFORMANCE


    For comparative purposes only.

    MONTHLY PERFORMANCE

     

    Performance Jan Feb Mar Apr May June

    July

    Aug

    Sep

    Oct

    Nov

    Dec

    YTD

    2017

    4.8

     1.0

     1.2

     1.6

    1.6

    1.6

    9.6

    0.3

    15.3

    0.6

    2.7

    0.3

    48%

    2018

    1.5

    3.2

    0.3

    0.6

    1.4

    -2.5

    1.1

    3.0

    -0.2

    -0.5

    1.2

    -0.5

    9%

    2019

    1.9

    4.4

    -0.6

    0.3

    2.5

    -0.3

    1.8

    1.7

    4.4

    -1.8

    3.2

    -0.9

    18%

    2020

    -0.1

    3.1

    -4.5

    1.7

    -0.6 1.1 1.2  8.0 -1.0

    9%

    Inception

    105%^