Seneca Financial Solutions is a Melbourne-based boutique investment management and financial advisory firm established in 2016. At the date of the Information Memorandum, it managed approximately A$300 million across two wholesale managed funds and six separately managed accounts. The manager uses active, bottom-up fundamental research, supported by macroeconomic and technical analysis. Its investment philosophy favours quality, profitable growth businesses with strong balance sheets, sustainable competitive advantages and management teams aligned with shareholders. Portfolio manager Luke Laretive is a co-founder of the firm.

Seneca Australian Small Companies Fund is benchmarked against the S&P/ASX Small Ordinaries Index Total Return and aims to outperform it by 3% per annum after fees. The Fund invests long-only in 20 to 50 liquid small- and mid-cap ASX-listed companies and may hold up to 50% cash. The manager applies bottom-up fundamental analysis, supported by macroeconomic and technical analysis, favouring profitable growth businesses with strong balance sheets, competitive advantages, aligned management and attractive valuations. Derivatives and leverage are not used.