The new fund, available in a UCITS fund structure, is open to Asian and European investors.

Canada-headquartered investment boutique, Langdon Equity Partners, has launched a smaller companies fund within a cross-border UCITS structure.

The firm has also established a London office to build an international presence. 

The new entity is called the Langdon Global Smaller Companies Fund; it provides investors in the UK, Europe, and Asia with access to Langdon’s Global Smaller Companies strategy, a concentrated, high conviction portfolio of 25 to 40 small companies listed on developed market exchanges.

The Global Smaller Companies Strategy, which currently has $300 million in invested assets, aims to outperform the MSCI World Small Cap Net Index. 

Since inception in June 2022, the Global Smaller Companies Fund (AUT) has delivered a total return of 14.3 per cent per annum after fees, outperforming the Index by 7.8 per cent per annum and the MSCI World Index by 1.0 per cent over the same timeframe. (The performance numbers are sourced directly from Bloomberg in US dollars for the Global Smaller Companies Fund (AUT). Since inception (27 June [which year?] until 15 April 2025.)

“The London office and the launch of a UCITS fund are both a natural extension of our global investment strategy, one that has continued to develop in both scale and sophistication,” Greg Dean, Langdon’s founder and lead investor, said. “Our growing presence in the region, unlocks important access to investment opportunities and allows us to build relationships with clients, management teams and companies much more consistently than we could making six to eight trips per year as we have over the last decade or so.”

“Global small cap, as an asset class, was in its infancy 10 years ago when we launched this strategy at my predecessor firm. We saw it as a fruitful hunting ground to exploit and we believe we have proven skilled at extracting alpha from the large and inefficient universe of listed companies under $10 billion, while delivering strong absolute returns,” he continued. 

“Our portfolio will be positioned in companies that we believe have strong fundamentals and will continue to cashflow growth of 10 to 15 per cent per share over the cycle. We also believe combining global small caps with either global large caps or regional mandates may improve diversification and enhance long-term returns,” he said.

Langdon Equity Partners, which was founded in 2022 by Greg Dean, now employs five investment professionals who manage over $300 million invested across global and Canadian small cap strategies. Langdon is majority owned by its investment team, and supported by multi-affiliate investment management group, Pinnacle Investment Management. Besides Canada and the UK, the firm also has a presence in the US and Australia.