At a glance

Realising business potential

We are long-term active investors. We invest our own capital in companies where we believe our sector experience, and our strategic and geographic expertise, will improve performance.

Financial Highlights

We invest through L1 Energy, L1 Technology, L1 Health and L1 Retail. Our liquidity is managed by L1 Treasury. Our investments in private equity are managed independently.

$22.2bn

Net assets

31 December 2018
(2017: $25.1bn)

9.84%

Decline in net asset value

31 December 2018
(2017 Growth: 12.9%)

$1.8bn

Capital deployed during 2018

31 December 2018
(2017: $4.7bn)

$6.6bn

Liquidity

31 December 2018
(2017: $7.1bn)

$0.7bn

Cash realisations

31 December 2018
(2017: $1.6bn)

$0.5bn

Dividends paid

31 December 2018
(2017: $0.07bn)

Net assets under management

13%

Other PE funds

$2.8bn

12%

PE Fund - Healthcare

$2.6bn

5%

L1 Retail

$1.2bn

29%

L1 Treasury and other assets

$6.5bn

18%

L1 Technology

$4.0bn

23%

L1 Energy

$5.1bn

Net assets under management

Return by business unit during 2018

For more information on how we helped realise business potential in 2018, please see our Annual Review.