Significant value-added returns since our establishment in 2004 has facilitated growth in funds under management to more than A$12 billion.

One of the keys to our success is our multiple portfolio manager structure, which encourages accountability, curiosity, constructive debate and diversity of thinking. This has been instrumental in attracting and retaining high calibre, experienced investment professionals across offices in Sydney and Melbourne.

Our experienced investment team is focused solely on delivering strong performance for our clients over the long term.


Northcape Capital is an international boutique fund manager fully owned by its staff.

We specialise in managing concentrated high-quality equity portfolios for clients.

Our Focus


Our focus on critical thinking in our research process drives an informed assessment of a company’s sustainable competitive advantage. We believe that discovering and investing in high quality companies with a meaningful competitive advantage is the cornerstone of repeatable performance.


We have limited the capacity of all our equity funds to ensure we remain nimble and continue to deliver on our goal of strong outperformance for our clients.


We believe that protecting capital in down markets is the foundation for superior returns over the long term. We have a strong and practical approach to risk that focuses on avoiding companies that are structurally challenged, highly geared or have poor ESG standards.

Our structure recognises that everyone’s experience and insights are valuable, and it makes provisions to capture this value in our investment decisions.

This has been instrumental in attracting an established and experienced investment team with minimal levels of staff turnover.

The stability and longevity of our team creates strong alignment with our clients. We share the same goals and a spirited passion for achieving significant value-added returns over the long term.

Our Difference

We understand that there are many fund managers seeking to outperform the market. Northcape’s difference lies in our unique structure, the experience of our people and our alignment with clients.