InvestSMART

L1 Group Limited (ASX:L1G)

ALERT: Price-sensitive ASX Announcement for L1G
Current share price for L1G : $1.110 0.015 (1.37%)+
Announcement
Release
20 Apr 2026 9:03AM
Price at Release
$1.095
Full Release
download
Summary
L1 Group Limited has announced that the initial public offering of L1 Gold Fund Limited has successfully raised $950 million, with trading on the ASX expected to commence on 24 April 2026. The fund will focus on investments in gold sector securities and will charge management and performance fees. The founders have committed significant personal investments, aligning their interests with the fund's performance. The closure of L1 Wholesale Gold Fund resulted in substantial performance fees, and the offering incurred costs of approximately $20 million.
Key Points
  • L1 Group Limited announced the IPO of L1 Gold Fund Limited raised $950 million.
  • L1 Gold Fund Limited is expected to start trading on ASX on 24 April 2026.
  • The fund aims to invest in domestic and international gold sector securities.
  • L1 Group will receive a management fee of 1% and a performance fee of 20% on the fund's outperformance.
  • Founders of L1 Capital committed $140 million investment in the fund.
  • The L1 Wholesale Gold Fund was closed with a performance fee of about $79 million.
  • The offering costs are expected to be approximately $20 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.