L1 Group (ASX:L1G) Launches PXC Advisors Joint Venture Ahead of September External Investor Opening

Sonal Goyal

14 August 2026 10:30 AM AEST

L1 Group (ASX:L1G) Launches PXC Advisors Joint Venture Ahead of September External Investor Opening

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Highlights

L1 Group (ASX:L1G) has launched PXC Advisors, a 50/50 joint venture with Dr Andrew Lin.
The PXC Advisors Dynamic Return Strategy has delivered an annualised return of 51% net of fees since January 2024 to 31 July 2026.
The strategy is scheduled to become available to external investors in September 2026.
PXC Advisors will assume management of the Platinum International Technology Fund portfolio from 14 September 2026.

L1 Group (ASX:L1G) has announced the establishment of PXC Advisors, a specialist global long-short Investment manager formed through a 50/50 joint venture between L1 Group and Dr Andrew Lin. The new Business will publicly launch the PXC Advisors Dynamic Return Strategy in September 2026, expanding L1 Group’s investment-management platform through a Partnership with an experienced portfolio manager.

PXC Advisors Established as 50/50 Joint Venture

PXC Advisors has been established by Dr Andrew Lin following his eight years with L1 Capital’s Long Short investment team. Under the new structure, L1 Group is contributing seed capital, institutional operating infrastructure and distribution capabilities, while Dr Lin brings responsibility for the investment strategy and portfolio management.

The PXC Advisors Dynamic Return Strategy has been managed by Dr Lin since 1 January 2024 using Capital invested by L1 Capital founders and employees. According to the company, the strategy generated an annualised return of 51% net of fees from inception through 31 July 2026. L1 Group has also noted that past performance should not be regarded as an indication of future returns.

The strategy is expected to accept external investors from September 2026, subject to investor eligibility and the terms outlined in the offering documentation.

Global Long-Short Strategy Targets Business Inflection Points

PXC Advisors’ investment approach is centred on identifying securities where the manager’s assessment of future Earnings differs from prevailing market expectations. The strategy is designed as an absolute-return global long-short portfolio, with research focused on business and industry changes that may create opportunities for active investment.

The investment approach incorporates active management of market exposure, with portfolio risk adjusted according to the perceived opportunity set and forward-looking risk-reward characteristics. PXC Advisors intends to apply this framework across areas including technology, industrials, healthcare and other growth-oriented sectors.

Dr Lin’s background combines investment management with previous experience as a technology Entrepreneur and consultant at Bain & Company. He is also a qualified medical doctor.

Expansion of L1 Group’s Alternatives Platform

The establishment of PXC Advisors represents another addition to L1 Group’s investment-management operations. The company said its approach is to partner with investment professionals while providing capital, operating infrastructure and distribution resources to develop specialist investment businesses.

PXC Advisors is the first new investment partnership announced by L1 Group since the launch of the L1 Capital Catalyst Fund in 2021. The company described the transaction as part of its broader growth strategy and alternatives platform development.

The arrangement also provides an established operational framework for the new manager, allowing PXC Advisors to focus on its investment strategy while accessing L1 Group’s existing infrastructure and distribution capabilities.

Platinum International Technology Fund Transition

A further development is the planned transfer of Portfolio Management responsibilities for the Platinum International Technology Fund. PXC Advisors will take on management of the portfolio from 14 September 2026.

The transition places the new investment manager directly into an existing investment-management mandate shortly after the external launch of its Dynamic Return Strategy. The announcement did not provide additional financial details regarding the Economics of the portfolio-management arrangement.

Conclusion

L1 Group’s establishment of PXC Advisors adds a new specialist global long-short investment business to its platform through a 50/50 partnership with Dr Andrew Lin. The strategy brings a reported 51% annualised net return from its January 2024 inception through July 2026, while external investors are expected to gain access from September. The forthcoming Platinum International Technology Fund mandate also provides PXC Advisors with an additional portfolio-management responsibility from 14 September 2026, marking a further development in L1 Group’s investment partnership strategy.

FAQs

Q: What is PXC Advisors?

A:PXC Advisors is a specialist global long-short investment manager established as a 50/50 joint venture between L1 Group and Dr Andrew Lin.

Q: What is the PXC Advisors Dynamic Return Strategy?

A:It is an absolute-return global long-short strategy focused on identifying securities affected by significant business or industry inflection points.

Q: What return has the strategy delivered since inception?

A:L1 Group reported an annualised return of 51% net of fees from 1 January 2024 to 31 July 2026. Past performance is not a reliable indicator of future returns.

Q: When will external investors be able to access the strategy?

A:The strategy is scheduled to open to external investors in September 2026, subject to eligibility requirements and offering-document terms.

Q: What other portfolio will PXC Advisors manage?

A:PXC Advisors is scheduled to assume management of the Platinum International Technology Fund portfolio from 14 September 2026.

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