The Growth Fund invests in partnership alongside the founders and management teams of successful Australian and New Zealand businesses to help realise their growth potential.

The Growth Fund

Commerce Funds offers mutual funds and related investment services, self-described as providing investment opportunities to individuals in the United States.

Commerce Funds

Federated Hermes, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.

Federated Hermes, Inc.

Goldman Sachs Asset Management provides integrated offerings across equity, fixed income, and multi-asset solutions to help investors achieve their goals. self-described as having $2.6 trillion in assets under supervision and employing over 1,800 investment professionals.

Goldman Sachs Asset Management

Growth Fund | 349 followers on LinkedIn. The Growth Fund invests in partnership alongside the founders and management teams of successful Australian and New Zealand businesses to help realise their growth potential. 

With a market leading track record of delivering outstanding results for investors, business founders and management teams, The Growth Fund invests in businesses headquartered in Australia or New Zealand with an Enterprise Value of up to $200m.

The Growth Fund provides capital to strongly performing businesses for founder succession planning, organic and acquisitive expansion, management buy-outs/buy-ins and public-to-private transactions.

Metric
Company Name	The Growth Fund	Commerce Funds	Federated Hermes, Inc.	Goldman Sachs Asset Management
Symbol			FHI
MSH ID	AU:COM:THEGROWTHFUND	COM:COMMERCEFUNDS	COM:FEDERATEDHERMES	COM:GS:AM
Market	PRIVATE	PRIVATE	STOCKS	PRIVATE
Sector	Financial Services & Finance	Financial Services & Finance	Financial Services	Financial Services & Finance
Industry	Private Equity	Investment Management	Asset Management	Investment Management
Country	AU	US	US	US
Stage
Employee Count			2K
Website	thegrowthfund.com.au	commercefunds.com	federatedinvestors.com	am.gs.com
LinkedIn	growth-fund
Founders

Metric
Market Cap		2.75B
Enterprise Value
Monthly Web Traffic	1.45K		232.26K
Web Traffic Growth	2.26		0.22
Valuation
Raised Capital

Metric
Revenue			1.61B
Revenue (LTM)
Revenue (NTM)
Gross Profit			1.21B
EBITDA			427.60M
Operating Income			400.73M
Net Income			298.98M
EPS			3.40
Diluted EPS			3.40
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin			0.81
Operating Profit Margin			0.26
EBITDA Margin			0.27
Net Profit Margin			-16.25
Return on Equity			-23.42
Return on Assets			-12.19
Return on Capital Employed			0.24

COM

AU:COM:THEGROWTHFUND

The Growth Fund

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio			-0.11
P/B Ratio			2.71
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio			2.01
EV Multiple			7.59

Metric
Days Sales Outstanding			16.63
Days Payables Outstanding
Days Inventory Outstanding			653.43
Operating Cycle			680.59
Cash Conversion Cycle			680.59
Asset Turnover			0.83

Metric
Operating Cash Flow			311.83M
Free Cash Flow			303.92M
Cash Flow to Debt			0.93
Operating Cash Flow/Sales			0.21
Free Cash Flow Yield			0.10

Metric
Cash & Equivalents			386.68M
Accounts Receivable			-27.57M
Inventory
Goodwill			807.16M
Debt to Capitalization			0.26
Debt to Assets			0.17
Current Ratio			2.78
Quick Ratio			3.21

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue			0.02
R&D to Revenue
SG&A to Revenue			0.16