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L1 Group launches 50/50 joint venture PXC Advisors
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L1 Group launches 50/50 joint venture PXC Advisors

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  • L1 Group executed a 50/50 joint venture agreement to establish PXC Advisors with Dr Andrew Lin.
  • The firm reported the strategy delivered a 51% annualised net return prior to its public launch.
  • The company stated this partnership supports its broader strategy to build specialist investment businesses.

L1 Group (ASX:L1G) launched a 50/50 joint venture named PXC Advisors with Dr Andrew Lin.

The underlying internal strategy delivered a 51% annualised net return since its inception in January 2024.

"The launch of PXC Advisors is another important milestone for L1 Group’s growth strategy and represents our first new investment partnership since the launch of the L1 Capital Catalyst Fund in 2021," said L1 Group CEO Julian Russell.

The company stated that the dynamic return strategy will open to external investors in September.

The firm stated this addition expands its alternatives platform, and following the announcement, the L1 Group share price was up at $1.15.

The business model provides seed capital and institutional infrastructure to support new specialist market entrants.

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