Adamantem Capital is a private equity firm specialising in the Australia and New Zealand mid-market.
We apply creative insights to identify high-quality investments and disciplined strategies to drive returns for investors.
Adamantem invests with conviction behind clear, well-articulated and meticulously researched value creation opportunities. With an exclusive focus on the mid-market, we tap into a strong flow of quality opportunities to invest in companies located in a strong, established economy with the upside potential of Asia.
We are resolute in our support of businesses and their stakeholders, but flexible in the way in which we approach each unique business partnership.
When we invest in a company, we partner with management teams on a strategic path to sustainable change, profitable growth and a better future beyond our stewardship. While investor returns are a key driver of our approach, we seek to deliver positive outcomes for all stakeholders, including the environment and broader community.
To generate outstanding returns for investors and to grow value we believe:
Business plans are more consistently achieved when incentives of management and shareholders are aligned.
We will make better investment decisions if our financial outcomes are tied to investor returns.
Investing alongside knowledgeable and like-minded stakeholders will generate superior returns.
Taking calculated risks to improve operating performance will more consistently generate attractive returns.
Fostering human capital and supporting healthier communities and environments creates long term value.
Environmental, social and governance (ESG) issues affect the performance of the businesses in which we invest.
Doing our own deep due diligence enables better risk assessment.
Collaborating with and challenging management teams creates superior operating performance.
We embrace risk, have a relentless dissatisfaction with the status quo and are always striving to improve.
We are curious, open minded and deeply analytical.
We act with integrity and treat others with respect.
We are self-starters and persistent.
We enjoy working in close partnership with investors, management teams, advisors and each other.
We have high conviction in our decisions.
We don’t take ourselves too seriously.
Great investment returns come from businesses which contribute to their communities.
Investing responsibly is what we do, and evaluating ESG (Environmental, Social & Governance) issues is a part of our risk assessment and mitigation framework for every investment opportunity.
At Adamantem, we are committed to promoting environmental, social or governance (ESG) principles at our fund level. We believe that the consideration of ESG factors plays an important role in delivering better performance outcomes for our investors.
Adamantem’s investment funds strive for economic results, while at the same time taking into account sustainability risk and environmental, social and governance characteristics in both our investment decisions and portfolio management approach. Responsible investing and incorporating sustainability considerations, is embedded within every stage of our investment processes to contribute to the creation of long-term value and sustainable businesses.
Each investment opportunity is screened against, among other factors, the industry exclusions listed in our Responsible Investing Policy. While other non-ESG factors are also taken into account during the early stage of the investment process, we will specifically not invest in industries we consider to be unethical, unsustainable, not aligned with Adamantem’s values. Our Responsible Investing Policy is reviewed at least annually.
Our Responsible Investing Policy describes the assessment process used to identify and prioritise material ESG and sustainability factors in both the investment and portfolio management stages.
Commitment to sustainability
We have been a signatory to the United Nations Principles for Responsible Investment since 26 July 2017.
We exclude certain companies from the portfolio based on particular ESG criteria.
ESG analysis is integrated across all asset classes, strategies, and geographies.
Dedicated ESG professionals
Our Responsible Investing Policy clearly allocates responsibility for documenting, reporting and monitoring ESG issues across our multi-disciplinary investment team, comprising professionals with financial, economic and legal expertise, and our dedicated Director, Responsible Investing. Our investment team and Director, Responsible Investing collaborate on ESG integrate at each stage of our investment process.
Read more about our investment approach and our approach to responsible investing in our Adamantem Investment Policy available here and our Adamantem Responsible Investing Policy available here. Our specific approach to climate change risk and opportunity integration in our investment decision making process and our own operations can be found in our Climate Policy available here.
2021 Responsible Investing Report
We have always believed that an integrated responsible investing approach will help us to deliver outstanding financial returns for investors and positive social and environmental impacts, contributing to sustainable change and a better future beyond our stewardship.
Our 2021 Responsible Investing Report describes our approach to responsible investing through our three pillars of Environmental Sustainability, Participation and Transparency. The Report sets out the progress we have made in responsible investing initiatives across all our key business activities – investing, portfolio company stewardship, operating our own business and engaging with the broader investment community – with a dedicated section detailing our approach to climate change and the outcome of our recent climate risk and opportunity assessment.
Through ongoing engagement with our stakeholders we look forward to continually improving our approach and sharing our learnings so others may do the same.
Please complete this form to receive a copy of the 2021 Responsible Investing Report.
We work with our management teams and partners to ensure that the companies in which we invest:
- provide a safe place of work
- deliver a productive and diverse environment that supports all employees
- exceed customer expectations
- understand their markets and supply chains and deal reasonably with suppliers
- understand and respect the communities and ecologies in which they operate, including the traditional owners, and
- respect and adhere to high ethical standards and meet all relevant legal and regulatory obligations.
Adamantem Capital is a signatory to the United Nations Principles of Responsible Investing (UNPRI), underscoring our focus on:
- carefully considering the Environmental, Social and Governance (ESG) performance of potential investments; and
- further advancing the ESG performance for companies within our portfolio.
- We report under the UNPRI Reporting Framework and the public version of our Transparency Report can be accessed here.
The Adamantem team has a strong commitment to corporate citizenship and actively seeks opportunities to both participate in, and financially support, philanthropic and community activities.
As a business focused on building long-term sustainability and embedding responsible investment practices, we support the goals of the Paris Agreement. As part of our approach to environmental sustainability, we work with our investee companies to measure and reduce their greenhouse gas emissions, with a commitment to develop “net zero within 10 years” emissions reduction plans for all investee companies in Adamantem Capital Partners Fund 2. Adamantem Capital is a proud supporter of the Task Force on Climate-Related Financial Disclosures.
At Adamantem, we believe that organisations have a responsibility to consider their role in ensuring the respect of all human rights and avoidance of human rights abuses. Although Adamantem is not required to file an annual modern slavery statement under the Modern Slavery Act 2018 (Cth), we have submitted this voluntary Modern Slavery Statement for FY20 to play our part in helping to reduce risks to people, improve the integrity and quality of global supply chains and strengthen our approach to responsible investing.
The operations of the Adamantem Capital business have been certified as Carbon Neutral by Climate Active against the Climate Active Carbon Neutral Standard (for organisations) for the 2019/20 financial year. Adamantem Capital is a proud member of the Climate Active Network.
The Public Disclosure Summary for our 19/20 financial year can be read here.
In the spirit of reconciliation Adamantem acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. We also accept the invitation in the Uluru Statement from the Heart to walk together with Aboriginal and Torres Strait Islander peoples in a movement of the Australian people for a better future.
Adamantem has a Reflect Reconciliation Action Plan which has been endorsed by Reconciliation Australia and has made a submission at voice.niaa.gov.au in support of an Indigenous Voice to Australia’s governments as part of the Commonwealth Government’s co-design process
Adamantem Capital is a member of the Responsible Investment Association Australasia