AL Capital
AL Capital is a Sydney-based, privately held multi-asset investment management platform and independent investment arm of Aqualand Group, managing over A$250 million across listed equity, fixed income, real estate, and private equity funds for wholesale, professional, and UHNW clients across Australia, Singapore, and Hong Kong.
- Company typePrivate
- Founded2018
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What AL Capital does
AL Capital is a privately held, Sydney-based multi-asset investment management platform operating as the independent investment arm of Aqualand Group (the Lin family's luxury real-estate group with A$5.5 billion+ in property assets). Founded in 2018 as a single-family office, the firm transitioned to a multi-family office and external capital-raising platform by 2022, and currently manages over A$250 million across listed equity, global fixed income, real estate, and private equity strategies under AFSL 523648. It serves wholesale and professional clients (institutional investors, HNW/UHNW families and family offices) from offices in Sydney, Singapore, and Hong Kong, with additional China exposure through a Hainan-based QFLP vehicle.
The product suite spans the ALC Active Australian Equities Fund, ALC Global Credit Fund, ALC Active International Equities Fund, ALC Market Neutral Australian Equities Fund, and the ALC Munn Street Barangaroo Property Fund, plus private equity direct investments. Investment processes rely on proprietary risk scoring and a portfolio optimization tool that weights approved ideas by conviction, target price, volatility, and liquidity. AL Capital acquired 100% of Peridot Investment Management in 2023 and partnered with Equity Trustees to convert three strategies into retail-eligible registered schemes in the same year, expanding distribution.
Revenue is generated through asset-based management fees (0.71% p.a. on Global Credit, 2.21% p.a. on Active Australian Equities), performance fees (e.g., 20% over benchmark on the equities fund, 0% on credit), and buy/sell spreads on applications and withdrawals. The firm operates a relationship-driven distribution model led by Phil Smith, with a dedicated AL Wealth channel for UHNW investors.
AL Capital firmographics
Firmographics- Name
- AL Capital
- Legal name
- AL Capital Holding Pty Ltd
- Website
- https://alcapital.com.au
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AL Capital is a Sydney-based, privately held multi-asset investment management platform and independent investment arm of Aqualand Group, managing over A$250 million across listed equity, fixed income, real estate, and private equity funds for wholesale, professional, and UHNW clients across Australia, Singapore, and Hong Kong.
- Ownership category
- akta.pro rank
AL Capital industry classification
Industry- Product category
- Investment Management
- NAICS
- Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Miscellaneous Financial Investment Activities (523999), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)
Keywords
Where AL Capital is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
AL Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Management Fees: AL Capital earns management fees based on assets under management. The ALC Global Credit Fund charges 0.71% p.a. management fee, and the ALC Active Australian Equities Fund charges 2.21% p.a. of NAV.
- Performance Fees: AL Capital earns performance fees when investment returns exceed specified benchmarks. The ALC Active Australian Equities Fund charges 20.00% over the performance benchmark.
- Transaction Costs (Buy/Sell Spread): Buy/sell spreads on fund applications and withdrawals. ALC Global Credit Fund has +0.05/-0.15% spread, and ALC Active Australian Equities Fund has +/-0.20% spread.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | ALC Global Credit Fund - minimum A$25,000 investment |
| Subscription | Annual | ALC Active Australian Equities Fund - minimum A$50,000 investment |
| Subscription | Quarterly | ALC Munn Street Barangaroo Property Fund - minimum A$250,000 investment |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
AL Capital product offering
Product offeringCore offering
AL Capital is a multi-asset management platform that invests in fixed income, equities across public and private markets, and property funds on behalf of professional investors, wholesale clients, and ultra-high-net-worth individuals. The firm offers managed funds (including the ALC Active Australian Equities Fund, ALC Global Credit Fund, ALC Active International Equities Fund, ALC Market Neutral Australian Equities Fund, and ALC Munn Street Barangaroo Property Fund) and an active private equity capability delivered from offices in Sydney, Singapore, and Hong Kong.
Product overview
AL Capital is a multi-asset management platform offering a portfolio of investment products across public equity (ALC Active Australian Equities Fund), global fixed income (ALC Global Credit Fund), real estate (ALC Munn Street Barangaroo Property Fund), and private equity. The platform serves professional and wholesale investors from its Sydney headquarters with offices in Singapore and Hong Kong. Founded in 2018 as a single family office, it has evolved into a comprehensive investment management platform managing A$250+ million in assets.
Differentiator
Problem solved
Functional benefit
Products and services
- ALC Active Australian Equities Fund An actively managed Australian equities fund seeking positive absolute returns in excess of the RBA Cash Rate over a rolling 5-year period through fundamental long-term investing combined with actively traded long-short strategies, with a 2.21% p.a. management fee and 20.00% performance fee over benchmark. Designed for wholesale clients seeking capital growth and income while hedging equity market risk.
- ALC Global Credit Fund A global fixed income fund targeting returns 2.5% per annum above the RBA Cash Rate by investing in an actively managed portfolio of interest rate securities including corporate debt, hybrid securities, and structured debt securities, with a 0.71% p.a. management fee and daily liquidity. Designed for wholesale investors seeking an income stream for their portfolio core.
- ALC Munn Street Barangaroo Property Fund A property fund for wholesale investors seeking a consistent quarterly income stream, generating returns by making a loan secured by first-ranking mortgage over prime Barangaroo property with a target return of 9% per annum net of fees and a 24-month investment term. Minimum A$250,000 investment, with quarterly distributions in arrears.
- ALC Active International Equities Fund An AL Capital managed fund focused on actively managed international equities, opened as a retail-eligible registered scheme with Equity Trustees as Responsible Entity. Listed on the AL Capital website's funds menu.
- ALC Market Neutral Australian Equities Fund An AL Capital managed Australian equities fund employing market-neutral investment strategies, listed on the firm's managed funds menu.
- Private Equity Investment Capability Active private equity investing guided by four principles - partnership with growth-driven entrepreneurs, value-add support including cross-border expansion and M&A, strong downside protection, and disciplined risk management. Deploys capital across Australia and China via the QFLP structure.
- AL Wealth (Multi-Family Office Platform) Multi-family office and wealth management platform serving ultra-high-net-worth investors, delivering discretionary wealth management and tailored investment services through the dedicated AL Wealth team.
Quantifiable outcome
- 12.78% p.a. return since inception (23/11/2023) for ALC Global Credit Fund, outperforming RBA Cash Rate + 2.50% benchmark by 6.06%
- +2 more outcomes
Companies that use AL Capital
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
AL Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
AL Capital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ALC Property Funds Management Pty LtdcoreInvestment Manager for the ALC Munn Street Barangaroo Property Fund. AL Capital Holding Pty Ltd acts as Trustee for the fund.
- Equity Trustees Limited (EQT)corePartnership with Equity Trustees (EQT) as Responsible Entity for retail eligible registered schemes. Together opened ALC Active Australian Equities Fund, ALC Active International Equities Fund and ALC Global Credit Fund as retail eligible registered schemes. Equity Trustees Limited (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for AL Capital's managed funds.
Scale indicators4 records
Recent moves13 records
Expansion highlights6 records
AL Capital competitors and assessment
Company assessmentDirect peers
- Magellan Financial Group: ASX-listed Australian asset manager offering active global and Australian equities strategies to institutional and retail investors. Directly comparable to AL Capital on active Australian equities capability and benchmark-driven performance-fee economics.
- Antipodes Partners: Australian active global equities manager with a quality/value bias, founded by ex-Platinum CIO. Comparable to AL Capital on the ALC Active International Equities Fund and benchmark-relative performance fee structure.
- Platinum Asset Management: Sydney-based active global equities manager running long/short mandates with performance fees, serving institutional and retail investors. Closely comparable to AL Capital's ALC Active International Equities Fund and active equities investment process.
- Regal Funds Management: Sydney-based alternative asset manager running long/short equities, credit, and private strategies. Overlaps with AL Capital on multi-strategy platform, performance-fee model, and wholesale distribution in Australia.
- Wilsons Asset Management: Australian asset manager offering active equities and fixed income strategies to institutional and wholesale clients. Comparable to AL Capital on the multi-strategy AFSL platform and A$100M–A$1B AUM tier.
- Auscap Asset Management: Boutique Australian long/short equities manager with concentrated portfolio approach. Comparable to AL Capital's ALC Active Australian Equities Fund on benchmark-outperformance, performance-fee model, and wholesale distribution.
- Spheria Asset Management: Australian boutique active equities manager founded by ex-Perpetual and Hunter Hall PMs. Comparable to AL Capital on boutique Australian equities, performance-fee structure, and wholesale investor focus.
- Coolabah Capital Management: Sydney-based boutique manager with active Australian fixed income/credit and equities strategies. Directly comparable to AL Capital on the ALC Global Credit Fund and active credit investment process.
Broad incumbents
- CBRE Investment Management: Global real estate investment manager with significant Asia-Pacific capability. Comparable to AL Capital on the Munn Street Barangaroo Property Fund strategy, real estate capital markets activity, and APAC distribution.
Regional players
- Value Partners Group: Hong Kong-headquartered active Asia-Pacific and Greater China asset manager. Comparable to AL Capital on the Hainan QFLP-driven China PE strategy and Hong Kong office-based Asia equities/credit platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
AL Capital social profiles
Digital presenceAL Capital compliance and trust
Trust signalCompliance3 records
AL Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
AL Capital leadership team
Management profileNumber of profiles
Profiles23 records
AL Capital subsidiaries and ownership
Company hierarchySubsidiaries3 records
AL Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AL Capital M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AL Capital
What does AL Capital do?
AL Capital is a multi-asset management platform that invests in fixed income, equities across public and private markets, and property funds on behalf of professional investors, wholesale clients, and ultra-high-net-worth individuals. The firm offers managed funds (including the ALC Active Australian Equities Fund, ALC Global Credit Fund, ALC Active International Equities Fund, ALC Market Neutral Australian Equities Fund, and ALC Munn Street Barangaroo Property Fund) and an active private equity capability delivered from offices in Sydney, Singapore, and Hong Kong.
Is AL Capital a public or private company?
AL Capital is a private company. It is classified as corporate owned and is currently operating.
When was AL Capital founded?
AL Capital was founded in 2018. It employs 11 to 50 people.
Where is AL Capital based?
AL Capital is headquartered in Sydney, Australia, in the Oceania region.
How does AL Capital make money?
Three revenue lines are on record. Management Fees are the primary driver. The others are performance Fees and transaction Costs (Buy/Sell Spread).
Who are AL Capital's main competitors?
Direct peers on record are Magellan Financial Group, Antipodes Partners, Platinum Asset Management, Regal Funds Management, Wilsons Asset Management, Auscap Asset Management, Spheria Asset Management and Coolabah Capital Management. CBRE Investment Management is listed as a broad incumbent. Value Partners Group is listed as a regional player.
Does AL Capital have an API?
No public API is recorded for AL Capital.
What industry is AL Capital in?
AL Capital's product category is Investment Management. Its primary akta.pro industry code is BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital), with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 52394 and its SIC code is 6282.