Elevation Capital was founded in 2007 and is a true boutique that is still owned by its directors and executives today. Elevation Capital is a ‘value oriented’ investor who believes by maintaining a more global focus there is a greater opportunity to invest in companies trading at a discount to their intrinsic value with attractive long-term fundamentals. Elevation Capital believes that when you are several thousand miles away from Wall Street in a different nation, it’s easier to be independent and buy the things other people are selling, and sell the things that other people are buying. Accordingly, their investment philosophy is best summarised by: “Independent Thinking – Disciplined Investing”.

Elevation Capital is recognised globally for its research which is published regularly on its blog and website.

As at 4 March 2020, the Elevation Capital Global Shares Fund portfolio includes the following companies:

Elevation Capital on InvestNow

The Elevation Capital Global Shares Fund is a Portfolio Investment Entity (PIE) that seeks to provide investors with long-term capital growth and income by directly investing in equities on a global basis. The objective & strategy of the Fund is to provide investors with long-term income & capital growth by mainly investing in shares (equity securities – including Preferred’s and Convertibles*) of entities trading at a discount in relation to their Net Asset Value/Intrinsic Value**, with low debt levels***, which have a history of paying dividends and/or returning capital to shareholders and have some sort of economic moat – e.g. brands, franchises, other;

The Fund employs a value-based, opportunistic, and special-situations focused investment approach that is difficult to replicate in the wider Australia / New Zealand funds management industry;

The Fund’s opportunity set is different and is not constrained by market capitalisation or geography. Accordingly, the Fund has a very high active share which indicates very little overlap with reference benchmark indices;

The Fund’s investors are typically using the Fund to fulfill their global / international or alternative investment allocation needs and to supplement low-cost Exchange Traded Fund (ETF) portfolios;

The Fund is managed by Elevation Capital Management Limited (Elevation Capital) a registered financial service provider in New Zealand under the Financial Service Providers (Registration and Disputes Resolution) Act 2008 (FSP# 9601);

Elevation Capital is licensed under the Financial Markets Conduct Act 2013 as a manager of registered schemes.

* A Preferred stock/share is a class of ownership in a corporation/company that has a higher claim on its assets and earnings than common stock/equity. Preferred shares generally have a dividend that must be paid out before dividends to common shareholders, and the shares usually do not carry voting rights. Preferred stock combines features of debt, in that it typically pays fixed dividends, and equity, in that it has the potential to appreciate in price. Convertibles are securities, usually bonds or preferred shares, that can be converted into common stock / shares or equity. Convertibles are most often associated with convertible bonds, which allow bond-holders to convert their creditor position to that of an equity holder at an agreed-upon price. Other convertible securities can include notes and preferred shares.
** Net Asset Value / Intrinsic Value – is also referred to as “Private Market Value”. Collectively we define them as the value an informed buyer would pay to purchase assets with similar characteristics. We measure Net Asset Value/Intrinsic Value or Private Market Value by scrutinising on and off balance sheet assets, liabilities, and free cash flow. We also examine valuations and transactions in the public domain to formulate our view of possible future value.
*** Low Debt Levels – can be assessed relative to tangible and/or intangible assets, free cash flow, the industry in which an entity operates, or relative to peers within an industry. 

The Elevation Capital Global Shares Fund (previously named Elevation Capital Value Fund) was awarded the Morningstar International Equities Category Fund Manager of the year 2017, New Zealand and has received nominations within the same category in the past.