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At Lightrock, our expertise in driving positive impact and our focus on environmental, social, and governance (ESG) factors are actively applied within the public markets. We concentrate on the small-cap universe, offering solutions that aim to create long term value to stakeholders through engaged ownership and thorough fundamental research.

The Lightrock Global Small-Cap’s strategy aims to generate positive long-term returns, by seeking to outperform the MSCI World Small Cap Index Total Net Return (“the Benchmark”). The strategy integrates ESG and positive impact considerations into the investment process.


Investment Strategy

Our committed team focuses on investments in equities issued by small-cap companies globally in developed markets. These companies are defined as companies that are no larger by market capitalisation than the largest constituent of the Benchmark. Furthermore, the strategy combines the principles of long-term investment with responsible active ownership, which includes proactive engagement with portfolio companies on a broad range of topics.
The investment strategy is based on a bottom-up fundamental research process with a long-term investment horizon. Key factors considered are the assessment of the leadership team, corporate governance, management’s capital allocation track record, the quality of the balance sheet, and the ability of the portfolio company to earn above average returns.
This leads to a strategy that invests in 50-75 portfolio companies, well diversified across different sectors and regions. Other targeted portfolio characteristics include robust sustainability and governance standards, an attractive valuation, high quality (measured by return on capital employed), strong balance sheets, and companies that trade at a discount to their intrinsic value. Lightrock believes that the best way to achieve positive long-term investment returns is to align the interests of clients with that of Lightrock employees, by investing alongside clients in the strategy.


Global Small-cap Strategy Team

Luuk
Jagtenberg
Portfolio Manager
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Chris
Kaashoek
Partner
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Maarten  
Vankan
Partner
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Michiel
Van Dijk
Principal
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Lotte Van
Meerten
Compliance Officer & Risk Manager
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Tessa
Sosef
Operations & Account Manager
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portfolio news
Nigeria's Vice President Shettima promises to be the “chief promoter” of Moniepoint

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portfolio news
Nigeria's Vice President Shettima promises to be the “chief promoter” of Moniepoint
portfolio news
Moniepoint crowned Financial Inclusion Champion Of The Year

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

portfolio news
Moniepoint crowned Financial Inclusion Champion Of The Year
portfolio news
LGT Private Banking spotlights how Liqid addresses bottlenecks in the growing data centre market

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

portfolio news
LGT Private Banking spotlights how Liqid addresses bottlenecks in the growing data centre market
portfolio news
Scaler’s School of Technology receives double the number of applications for its flagship undergraduate programme

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

portfolio news
Scaler’s School of Technology receives double the number of applications for its flagship undergraduate programme

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