Our approach to investment is to mirror what we currently do in a private equity context but apply it to a listed environment, focussing on both Australian investments and adjacent global opportunities.
At the core of our investment philosophy is a concentrated portfolio approach, allowing us to dedicate our resources and expertise to a select number of high-potential opportunities. Mirroring the approach within Private Equity, we believe that true value creation takes time, which is why we maintain a long-term focus, typically spanning 3-5 years, to fully realize the potential of our investments.
Drawing on the deep industry expertise and insights across Crescent, our investment strategy is anchored by a commitment to the deep fundamental research process that originated in the Private Equity practice. Over 25 years this approach has proven itself as a powerful tool in identifying and capitalising on opportunities that others may overlook.
This refined approach allows us to gain unparalleled insights into industry dynamics, the customer value proposition and a company’s competitive advantage which is then overlaid with a laser focus on cash conversion and Return On Invested Capital. Our extensive experience and disciplined research approach enable us to make well-informed investment decisions that drive superior long-term outcomes.
We seek out businesses that operate in growth industries, with high margins and exhibit a high Return on Invested Capital (ROIC) or have a clear pathway to achieving an inflection in ROIC. Coupled with strong moats, these characteristics are indicative of companies that not only have solid foundations but also the potential for significant value creation.
In addition to identifying high-performing businesses, we are also open to opportunities where we can engage as active investors to drive positive change. When we see the potential to enhance a company’s trajectory through strategic involvement, we do not hesitate to take action.
Our approach is deliberate, disciplined, and designed to generate meaningful, long-term returns for our investors.
Simon Birrell leads a separate and distinct team of investment professionals leveraging Crescent’s proprietary fundamental research process to pursue opportunities in listed markets.
20+ years experience in listed equities in the US, Europe and Australia, private equity and strategy consulting.
Non-Executive Director experience with National Hearing Care, Covermore and Lifehealthcare. GAICD
Ex Portfolio Manager at VGI Partners, Antipodes Partners, Manikay Partners (US and Europe), Crescent Capital Partners and LEK Consulting.
Simon Birrell
Managing Partner Listed Equities – BComm/ Property & Construction
10+ years in listed equities and investment banking
Ex Portfolio Manager Peregrine Capital (South Africa), Firetrail Investments (Australia)
Matthew Thomson
Assistant Portfolio Manager – BComm, CFA, CA (SA)
If you are interested in knowing more about Crescent Capital Listed Equities, contact us by completing the form below: