L1 Group’s funds under management continued to grow in the first quarter of fiscal 2027, reaching AUD 19.3 billion in September 2026. That compares with AUD 19.1 billion in June 2026 and AUD 17.0 billion in March 2026.
A strong long-term record has established L1 Group as one of the best-known fund managers in Australia.
Bears
Key-person risk is high. The majority of L1 Group’s earnings come from a handful of funds, making it highly reliant on key investment personnel and the performance of its main funds.
L1 Group was formed through the merger of two Australian investment management firms: Platinum Asset Management, a Sydney-based international equities manager founded in 1994, and L1 Capital, a Melbourne-based boutique founded in 2007 with diversified capabilities across equities, alternatives, and property investments. The combined entity serves a diverse client base encompassing institutional investors, wholesale clients, high-net-worth individuals, and retail investors across both domestic and international markets. The firm had approximately AUD 19 billion in funds under management as of September 2026.