15 Years of Investment Success for Bellevue's Small Cap Fund

Celebrating its 15th anniversary, the Bellevue Entrepreneur Europe Small Fund reflects a significant milestone. It boasts a robust track record during varied market cycles, achieving an average annual return of 11%. The strategy survived events like Brexit and COVID-19, showing its resilience. As the team looks forward, they see opportunities in European small and mid-caps, which remain less researched and undervalued compared to large caps.

The fund focuses on entrepreneur-led small enterprises, emphasizing balance sheet strength and management quality. With around 30% of the portfolio in companies with net cash, it emphasizes financial resilience. This approach provides safety and flexibility, allowing growth even when others retract.

Currently, the team identifies a compelling market for these companies, driven by global shifts such as electrification and industrial automation. These factors, coupled with attractive valuations, make European small caps an appealing investment.