Recent commentary from four of the underlying managers within the Third Link Growth Fund highlights a number of emerging themes driving opportunities across the Australian small-cap market — from AI infrastructure and data centres, through to electrification, defence, energy transition and selective commodity exposures.
 | 1851 Capital Emerging Companies Fund |
 | Eiger Capital Australian Small Companies Fund |
 | Firetrail Investments Australian Small Companies Fund |
 | Lennox Capital Partners Australian Small Companies Fund |
Across the managers, a common theme is emerging: volatility is continuing to create opportunities for disciplined stock pickers able to identify structural growth businesses trading below intrinsic value.
Some of the areas managers are actively identifying opportunities in include:
- AI infrastructure and data centres
- Energy transition and electrification
- Defence-linked technology
- Battery storage and EV supply chains
- High-quality industrial and financial businesses
- Selective gold and lithium exposures
Importantly, these insights reinforce the value of active management in small caps, where company-specific outcomes and deep fundamental research can materially differentiate returns from the broader market.
TheThird Link Growth Fund provides investors access to a curated portfolio of leading Australian active managers, while also delivering ongoing charitable impact through the rebate of management and performance fees from underlying managers.
