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L1 Group Secures $950 Million in L1 Gold Fund IPO Ahead of ASX Debut
9:28am on Monday 20th of April, 2026 AEST
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Financial Services
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L1 Group Secures $950 Million in L1 Gold Fund IPO Ahead of ASX Debut
9:28am on Monday 20th of April, 2026 AEST
Key Points
L1 Gold Fund IPO raises $950 million, surpassing initial targets
Fund to invest primarily in gold sector securities with opportunistic precious metals allocation
Founders commit $140 million, L1 Group invests $112 million, aligning interests
Management fee set at 1% per annum plus performance fee of 20% over high water mark
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