After 18 years of delivering investment returns while making a meaningful difference to the community, Third Link Growth Fund is entering an exciting new chapter, with plans to transition investment management to Hearts & Minds Investments.
Founded in 2008 by Chris Cuffe AO, Third Link Growth Fund was established with a unique vision: to bring together some of Australia’s leading investment managers to generate strong long-term returns for investors while supporting Australian charities.
Since inception, the Fund has delivered annualised investment returns of 9.22% and donated over $25.3 million to Australian charities, demonstrating the power of combining investment expertise with philanthropy.
The proposed transition to Hearts & Minds represents a natural evolution for the Fund, bringing together two organisations that share a commitment to investment excellence and creating positive social impact.
Chris Cuffe AO, Founding Director and Portfolio Manager of Third Link Growth Fund, said:
Hearts & Minds is a natural home for Third Link. The two organisations share a commitment to bringing together leading investment managers, creating value for investors and using investment success to support the community. This transition will preserve the elements that have made Third Link distinctive while giving the Fund access to the broader resources and reach of Hearts & Minds.”
Richard Howes, Managing Director of Hearts and Minds Investments Limited, said:
Third Link has an impressive record of combining investment performance with charitable impact. We are pleased to have the opportunity to build on that foundation and to broaden the Fund’s reach. We are grateful to Chris Cuffe for what he has built and for agreeing to transfer management of the Fund for nominal consideration in order that we can continue to pursue philanthropic objectives in relation to the Fund and ensure its long-term sustainability. We welcome Third Link’s investors, managers and team into the Hearts & Minds community.”
As part of the transition, the Fund is expected to be renamed the Hearts & Minds Australian Equities Growth Fund, subject to the necessary approvals.
The Fund’s underlying investment strategy and commitment to working with leading Australian equity managers will continue, with the transition providing an opportunity to build on its established track record and expand its reach to a broader investor audience.
Building on a legacy of investing with purpose
Hearts & Minds shares Third Link’s philosophy of harnessing investment expertise to deliver meaningful philanthropic outcomes. Since 2016, the Hearts & Minds community has donated more than $96 million to support medical research.
This next chapter represents an opportunity to build on everything that has made Third Link distinctive over the past 18 years, while benefiting from the broader resources, investment expertise and distribution network of Hearts & Minds.
We extend our sincere thanks to our investors, underlying fund managers and charity partners for their ongoing support and contribution to Third Link’s journey.
We look forward to sharing further updates as we embark on this exciting new era.
Read the letter to investors here.
If you would like to arrange a meeting to discuss the transition or have any questions about your investment, please contact Nina Dunn at Third Link Growth Fund.
