Selection
Value and growth investing
Focus on investment opportunities in companies where value, quality and growth potential meet.
Funds
Private funds
LIFE’s private funds bring our value investing and engagement strategies to the goals of each investor.
STRATEGY
Investment strategies
Ownership
Constructive engagement
Work with companies on governance, growth and shareholder returns to help value be recognised.
Allocation
Flexible asset allocation
Adjust allocation and risk exposure as markets and the relationships between assets change.
- 01
Objectives
Agree the investment horizon, goals and the risk you can bear.
- 02
Strategy
Combine the three strategies into a fund structure that fits those goals.
- 03
Ownership
Work with investee companies so that their value is recognised.
- 04
Reporting
Share performance and risk openly through regular reports.
PROCESS
Investment process and research
01
Idea generation
- Monitoring filings and news
- Price momentum and earnings upgrades
- 52-week highs and lows
- Quant algorithms
02
Analyst research
- Written pre-research
- Company IR meetings
- Analyst seminars
- Meetings with industry experts
03
Investment committee
- Ideas tested from every angle
- News, flows and market narrative
- Short- and long-term growth outlook
- Valuation upside estimated
04
Pre-allocation meeting
- Sets the fund’s overall equity weight
- Stock and sector limits keep the fund diversified
- Considers the economic and financial cycle
05
Execution
- Trades within the allotted risk limits and fund plan
- Entry timing managed closely against price action
06
Monitoring and trading
- Performance monitored and managed
- Earnings, news and events tracked
- Risk management rules followed
※ The above is provided for reference in light of current market conditions and may change without separate notice due to changes in market conditions, internal policies of the manager or other circumstances.
TARGETS
What we invest in and how we find it
TARGET 01Mezzanine
TargetsMezzanine issued for growth capital by listed companies with low credit risk, financial and managerial stability and upside potential; funding for growth two to three years out is preferred.
PrinciplesSourced through many deal channels, then selected through in-house research and due diligence; refinancing issuers are tested for upside potential.
TARGET 02Pre-IPO
TargetsCompanies with steady earnings or proven technology that meet listing requirements (size, internal controls, business viability).
PrinciplesThe likelihood of passing the preliminary listing review comes first; the focus is on companies able to apply within one to two years of investment.
TARGET 03Series B and later
TargetsCompanies whose business has entered its main growth phase.
PrinciplesWith a longer path to exit than Pre-IPO, the business model and industry growth are tested to stay relevant at exit.
CAPABILITYSourcing capability
In-house capability
A deal pipeline built on our mezzanine and Pre-IPO record; credit analysis by IPO and accounting professionals
Sourcing network
IPO underwriters, VCs, brokers, PE firms, accounting firms and other institutions
In-house research
Our own sector research team and automated data collection and sharing
Our own universe
Post-IPO and refinancing universes spot companies needing funding early
VALUE-UP
Value-up and post-investment management
After investing, we track each company's performance and use of funds through to exit, and maintain a long-term relationship.
STEP 01Ongoing monitoring
Companies are monitored and reviewed regularly (site visits, remote IR) within the allotted risk limits and fund plan.
STEP 02Response to events
Events of default are reviewed and recovery steps set out; repayment is assessed before conversion or redemption, and guarantees and collateral are checked.
STEP 03Use-of-funds checks
Written reports on the use of funds, with due diligence when needed; misuse triggers an event of default, early redemption or a put option.
RULE
- Request to remedy
- Warning
- Early redemption
- Sanctions step up with the seriousness of the misuse; serious breaches start recovery at once.
- Our standard investment agreement limits the use of funds and requires prior consent.
※ The above is provided for reference in light of current market conditions and may change without separate notice due to changes in market conditions, internal policies of the manager or other circumstances.
Discuss investment objectives and strategy with LIFE.
Institutional enquiries