We are entering a new age of economic disruption, which is impacting all of us and is driven by extraordinary levels of human creativity and technology. As the world shifts economically, there is a danger of economic and political volatility, but also new growth opportunities emerge as industries evolve new operating models. L1 will take advantage of new opportunities with USD $9.3 bn of available liquidity.
Technology impacts relationships with customers and business models and is creating change in every sector.
L1 capital allocation
Our investment teams are structured to invest at scale in the oil and gas, retail, health, telecoms and technology sectors.
Oil and Gas – Increasing population growth means increased demand for energy. For the next 50 years, oil and gas will be an important cash flow generator. We invest in good development opportunities at low oil prices, then target operating improvements and cost optimisation.
Technology – Big international companies are evolving their operating models, automating and changing their customer relationships in 21st-century digital economy. We invest in technology and software companies, which will provide the software and services to enable this transformation. Our expertise in retail, banking, health, oil and gas and telecoms will help us make world-class investments.
Telecoms – Telecoms companies of the future will be digitally enabled distribution platforms. They will play a role in fundamentally altering the way we live, work and relate to one another. VEON is transforming from telco to tech and evolving into a global technology company.
Health – Technology and demographic trends are pushing the boundaries of healthcare and creating new investment opportunities in contract manufacturing, life science tools and medical distribution. L1 Health aims to make several sizeable investments aimed at generating high cash flow and growth in these areas.
Retail –The retail sector is in midst of substantial change, driven by demographics and technology. We are looking for non-cyclical niches and companies that will be disruptors in the sector. These are the companies that will generate cash flow and growth
Private Equity – We will leverage the insights we gain from our investments in private equity to build expertise in new sectors. Our funds are independently managed.
Treasury – The majority of assets are invested in low-risk, highly liquid assets so that funds can be released quickly and provided to the rest of L1. In order to have adequate funds available at relatively short notice, L1 Treasury selects a broad mix of investments