Lennox Capital Partners

Lennox Capital Partners is an active, boutique equities investment manager based in Sydney, Australia, focusing on small and micro-cap companies. The firm was founded in 2017 by James Dougherty and Liam Donohue, who previously managed the Macquarie Australian Small Companies Fund, consistently delivering top quartile performance compared to peers. Lennox's investment philosophy centers on identifying sustainable companies that are beneficiaries of change, aiming to find the leaders of tomorrow. Their approach is fundamental, bottom-up, and sustainability-focused, capitalizing on market inefficiencies to identify early-stage opportunities.

The firm's investment strategy involves a disciplined, bottom-up approach utilizing both qualitative screening and in-depth fundamental research to identify investment opportunities. Lennox focuses on companies with compelling medium-term valuations that satisfy their ESG criteria and are unlikely to disappoint the market. Their portfolio typically includes between 20 to 40 Australian and New Zealand listed securities, primarily outside the top 100 ASX listed companies. The firm aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term.

Lennox Capital Partners is majority-owned by its Principals and Portfolio Managers, ensuring strong alignment with investors. The firm is a signatory to the United Nations Principles for Responsible Investing (UNPRI) and the Net Zero Asset Managers initiative, reflecting its commitment to responsible investment practices. Their portfolio companies span various industries, including technology, healthcare, financial services, consumer goods, and more, demonstrating a diversified investment approach across multiple sectors.