![]() The fund is focused on high-growth businesses that have an intention to list.Īccording to Droga, this space is heavily underinvested in. While Droga has traditionally shied away from the media it seems like he might be ready to emerge from the shadows and bask just a little in the sunshine that's been beaming down on his firm for the past 20 years.ĭroga is pulling out all the stops for this pre-IPO wholesale fund, Fifth Estate Emerging Fund, which is investing in a number of small companies in their early stages. There's obviously a lot of smarts to the BlueLake shop, established in 1999 with co-founder Richard Harry Holden, but there seems to be a simpler answer to Droga's success: an innate ability to find the right people. ĭroga spoke with Matt Kidman about the transition from a self-described "dogsbody broker" to the master of the decade-long trade and seemingly indomitable investor. "If you gave Daniel $100,000 to invest at the beginning of 2000, it would now be worth $21.2 million, even after you've paid tax," said Matthew Kidman of Centennial Asset Management in the Livewire podcast. Since Droga started his investment house, BlueLake Partners, named after the glacial blue lakes atop Mount Kosciusko, he has achieved annual returns of 38%, without a single down year between 20. The pair discussed Droga's astonishing track record, his passion for art and film, as well as the launch of the co-invested Fifth Estate Emerging Fund - a wholesale, pre-IPO fund that is being watched enviously from the sidelines by those who know Droga's track record. Over the summer, the much-admired but seldom seen, BlueLake Partners fund manager Daniel Droga sat down to chat with Centennial Asset Management's Matt Kidman on the podcast Success and more interesting stuff. ![]()
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