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.


2019 Fund Manager Award

Winner of ‘2019 Golden Bull Award’ for best Australian Equity Strategy

We are pleased to announce that Northcape Capital has won the ‘2019 Golden Bull Award’ for best Australian Equity Strategy category at the prestigious Australian Fund Managers Foundation.

The 20th anniversary of the Australian Fund Manager Awards was a sell-out event held on Thursday 17 October 2019 at the Ivy Ballroom in Sydney. The event was a great night of industry recognition celebrating the best of the best from the funds management industry. The event also significantly contributed to the two charities supported on the night – the Sydney Children’s Hospital and Odyssey House NSW.

This was the first time our Core Australian Equity strategy has been nominated for a leading industry award. The nomination criteria are performance, consistency to process and fund size. At 30 September 2019, our Core fund was the #1 long only Australian equity fund over 1 year (outperforming by 4.5%) and 3 years (outperforming by 3.6%) and ranks in the top quartile over the 5 years against a very strong peer group.

“Northcape’s core fund has been running for 15 years now. We are humbled and delighted to receive this acknowledgement of our long-term performance,” says Craig McCourtie, a founding director of Northcape.

“The principles and philosophy of Northcape were driven by Rob McWilliams, our founding chairman, who believed very strongly that culture drives performance and that we should never lose sight of the fact that we are investing the money that people will be relying on to live off when they retire.”

It is tremendously rewarding to be recognised with this award, and we are especially thankful to our clients and the consultants who have supported us for many years.

Well done to our Australian equity team!