L1 Capital

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In the Spotlight –
L1 Capital

Hosted by Matthew Turnbull, Sector Manager – Australian Equities, Lonsec

Featuring: James Hawkins, Partner and Head of the L1 Capital Catalyst Fund

Episode highlights:

  • Activist investing in practice
  • Leveraging scale and influence
  • Unlocking value through catalysts
  • Finding opportunities beyond the ASX 20
  • Positioning for the future

About L1 Capital

L1 Capital is a global investment manager with offices in Melbourne, Sydney, Miami and London. The business was established by Raphael Lamm and Mark Landau in 2007 and is majority owned by its founders and staff. The team is committed to offering clients best of breed investment products through strategies that include long-short equities, international equities, activist equities, global convertible debt and U.K. residential property funds.

L1 Capital manages money for a range of clients including large superannuation funds, pension funds, asset consultants, financial planning groups, family offices, high net worth individuals, wholesale and retail investors.

More information regarding L1 Capital is available here. 

Disclaimers

Lonsec Disclaimer

Lonsec Disclaimer

This video and related content is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). 

Lonsec Research receives a fee from the relevant fund manager / product issuer for researching financial products which may be referred to in this video, the production and distribution of this video, and other Lonsec Research services.

The information included in the video and related content is general advice only. An investor should be aware that:  
(a) the advice has been prepared without taking into account an investors’ objectives, financial situation or needs
(b) an investor should consider the appropriateness of the advice having regard to their own objectives, financial situation or needs, before acting on the advice; and 
(c) an investor should obtain a Product Disclosure Statement (PDS) (if required) relating to the product, consider the PDS and seek independent financial advice before making any decision about whether to acquire the product. 

The video and related content is not a recommendation to an investor to purchase, sell or hold any product. Past performance is not a reliable indicator of future performance. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied is made and no responsibility or liability is accepted by Lonsec Research and/or its directors, employees, agents, advisers and consultants as to the adequacy, accuracy, completeness or reasonableness of the content.

Lonsec Research retains all rights, title, and interest in its website and its content. No other party may copy, reproduce, share, publish, adapt, or use this video and related content in any way without the prior written permission from Lonsec Research. This includes use on websites, social media or any other platform. Any unauthorised use may result in legal action. Lonsec Research assumes no obligation to update this video and related content following publication.

Important documents such as Financial Services Guides and the Conflicts of Interests Statement are available on the Lonsec Research website.

© 2026 Lonsec. All rights reserved. 

L1 Capital Disclaimer

L1 Capital Disclaimer

Information contained in this video 
Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the L1 Capital Catalyst Fund ARSN 650 484 263. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). 
This publication has been prepared by L1 Capital Strategic Equity Management Pty Limited (ACN 648 751 928), (an authorised representative (no. 1286013) of L1 Capital Pty Ltd (ACN 125 378 145, AFSL 314 302)) and its officers and employees (collectively “L1 Strategic”), to provide you with general information only. In preparing it, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither L1 Strategic, Equity Trustees nor any of its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. All performance numbers are quoted after fees. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement from our website www.L1.com.au before making a decision about whether to invest in this product. 
The L1 Capital Catalyst Fund’s Target Market Determination is available at https://l1.capital/3P3u7U0. A Target Market Determination is a document which was required to be made available from 5 October 2021. It describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed. 
Copyright 
Copyright in this publication is owned by L1 Strategic. You may use this information in this publication for your own personal use, but you must not (without L1 Strategic’s consent) alter, reproduce or distribute any part of this publication, transmit it to any other person or incorporate the information into any other document. 
Lonsec 
The ratings published in October 2025 for L1 Capital Catalyst Fund are issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. Copyright 2026 Lonsec. All rights reserved. 

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