L1 Group funds under management reach $19.3 billion

L1 Group Limited reported that its total funds under management (FUM) grew by 1.3% to $19.311 billion for the quarter ending September 30, 2026. This growth was driven by positive investment performance, particularly within the L1 Long Short strategies and the L1 Gold Fund.

If a $400 million Industry Fund mandate returned by the Catalyst Fund in July 2026 were excluded, FUM would have increased by 3.5%. The company also noted its fourth consecutive quarter of net client inflows, supported by a $375 million capital raising by the L1 Gold Fund Limited in September.

Following the quarter's end, L1 Global Long Short Fund Limited announced a capital raising initiative of up to $483 million. The associated retail entitlement offer is expected to conclude on October 23, 2026, with new shares anticipated to begin trading on November 2, 2026.