DSM Capital Partners LLC, a global investment management firm with $5.6bnin AUM, has launched a SICAV Global Growth Fund for overseas investors, designed to mirror its Global Growth Strategy. The fund had some $600m in assets at the end of second quarter 2014.
In making the announcement, Steve Memishian, CFA, co-managing partner of DSM Capital, said: “We’re pleased to make available to overseas investors the same global growth strategy we’ve employed for our domestic separately managed account clients and financial professionals.”
The fund is managed by co-managing partner Daniel Strickberger and a team of nine senior analyst/portfolio managers: Justin Burk; Pinaki Kar; Paul Matlow; David McVey; Takehiko Serai; Steven Tish; Eric Woodworth; Kenneth Yang, and Ling Zhang.
The DSM Capital investment team said it uses a bottom-up, idea-driven, growth style with a long-term investment horizon, coupled with a distinct valuation discipline. The team seeks to identify companies, one-by-one, which have growing businesses, impressive fundamentals, above-average profitability, and successful managements.
Such companies typically have 10% or better historical revenue and earnings growth, generate free cash flow, and have attractive financial returns that are stable or rising. The investment team’s macro view of the world informs both company choices and position sizes.
DSM Capital Partners LLC is the Global Distributor for the fund. DSM Capital Partners LLC is the investment manager to the Fund. RBS (Luxembourg) SA is the Management Company for the Fund.
Northern Trust Luxembourg Management Company SA is central administrator, domiciliary agent, and registrar and transfer agent for the fund. Northern Trust Global Services Ltd, Luxembourg Branch is the custodian.
DSM Sicav Global Growth Fund
The DSM Sicav Global Growth Fund seeks long-term capital appreciation by investing primarily in global equity securities issued by large-cap companies ($10bn and above). The fund has no limit on the amount of assets it can invest in equity securities of domestic or foreign issues, including those in emerging markets. The Fund will generally contain 35 to 55 stocks.
DSM Capital employs a bottom-up, growth stock process with an intermediate to long-term investment horizon. The firm’s investment team specializes in proprietary fundamental research, designed to identify and model reliable growth companies, complemented by a rigorous valuation discipline used for both buying and selling positions.
DSM Capital was founded in 2001 and serves as investment adviser to corporations, endowments and foundations, pensions plans, family offices, high net worth individual investors, and registered advisors. DSM Capital presently manages $5.6bn in assets and is 100% employee owned and located at 116 Radio Circle Drive in Mount Kisco, New York.