Seneca Financial Solutions is a Melbourne-based boutique investment management and financial advisory firm established in 2016. The company manages wholesale investment products and separately managed accounts, with approximately A$300 million under management across two wholesale managed funds and six separately managed accounts at the date of the Information Memorandum. Seneca applies active, bottom-up fundamental research, supported by top-down macroeconomic analysis and technical analysis, to identify investment opportunities and manage portfolio risk. Its investment philosophy favours businesses with strong balance sheets, sustainable competitive advantages, growing addressable markets, aligned management teams and attractive expected returns. Luke Laretive, a co-founder and portfolio manager, is responsible for portfolio construction, stock selection and risk management for the Seneca Australian Small Companies Fund. Portfolio manager Ben Richards contributes Australian small-cap research and investment due diligence experience across listed and unlisted markets. The firm is headquartered at 125 Flinders Lane, Melbourne.

Seneca Australian Small Companies Fund is benchmarked against the S&P/ASX Small Ordinaries Index Total Return and aims to outperform the benchmark by 3% per annum after fees. The Fund follows a long-only Australian equity strategy, constructing a concentrated portfolio of 20 to 50 sufficiently liquid small- and mid-cap ASX-listed companies, with discretion to hold up to 50% in cash. It does not use derivatives or leverage. The manager favours high-quality, profitable and growth-focused businesses with strong balance sheets, sustainable competitive advantages, large and growing addressable markets and management teams aligned with shareholders. The investment process combines fundamental, bottom-up company valuation and analysis with top-down macroeconomic research and technical analysis. Research focuses on the drivers of revenue, costs, profit growth, cash flow, return on capital, balance-sheet strength and industry structure. Valuation discipline is applied by seeking securities that are both fundamentally undervalued and supported by a catalyst. Portfolio construction emphasises diversification, liquidity and the mitigation of permanent capital loss, while positioning towards securities with the manager's highest expected returns.