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 Shares Trust is benchmarked against the S&P/ASX 200 Accumulation Index and aims to outperform the benchmark after fees. The fund uses a long-only Australian equity strategy, constructing a concentrated portfolio of approximately 20 to 50 sufficiently liquid ASX-listed companies. It does not use derivatives or leverage and may hold up to 50% in cash at the investment manager's discretion. The strategy favours high-quality, profitable and growth-focused businesses trading at fair valuations, with strong balance sheets, sustainable competitive advantages, capable and aligned management teams and the potential to generate strong returns on capital. Security selection is based on active, bottom-up fundamental analysis of revenue, cost and profit drivers, supported by top-down macroeconomic research and technical analysis used to assess entry and exit levels and changes in investor sentiment. Portfolio construction considers sector and industry exposures, market capitalisation, gearing, dividend yield, style factors, management quality, historical volatility and benchmark beta. Positions are tilted towards securities with the highest expected risk-adjusted returns, while diversification, liquidity and valuation discipline are used to manage portfolio risk.