Focused on value.
Driven by performance.

High-conviction, research-driven equities management specialising in Australian small caps.

Sydney based investment manager · Established 2008Listed Investment Company · Unit Trust · Co-investment · Venture Capital · ASX: RYD

13.36% p.a.

RYD since inception

From 22 Sep 2015 - Pre-tax NTA Return (After Fees)

$1.98

RYD NTA per share

Pre-tax · as at 30 June 2026

6.94%

Fully franked yield

12.0 cps annual dividend

Investment strategies

LIC · Trust · Co-invest · Venture

How we invest

Conviction, not consensus.

Three principles shape how we build the portfolio.

Fundamental approach

We independently assess companies from the ground up, focusing on industry dynamics, business model, quality of management, financial strength and cash-flow-driven intrinsic value.

High conviction

A deliberately concentrated portfolio that backs our research rather than the market's consensus. By avoiding unnecessary diversification we stay disciplined and focused.

Deep research

Thorough, broad-ranging and in-depth research on every investment opportunity, conducted to create and protect a durable information advantage.

Our strategies

Four ways to invest alongside us.

The principals of Ryder Capital invest their own capital alongside shareholders — so your outcomes are directly tied to ours.

ASX: RYDListed Investment Company

Ryder Capital Limited

A concentrated portfolio of ASX-listed small and micro-cap companies, targeting RBA Cash + 4.25% p.a. with steady-to-increasing fully franked dividends.

Unit TrustFounders Units · monthly

Small Companies Fund

An unlisted unit trust applying the same patient, value-focused approach to Australian small companies, with monthly applications and redemptions.

Co-investmentSingle-stock strategy

Syndicated Investments

A single-stock co-investment strategy giving qualifying investors direct, concentrated exposure to Ryder's highest-conviction individual ideas.

ESVCLPVenture capital

Ryder Innovation Fund

An Early-Stage Venture Capital Limited Partnership backing high-growth early-stage Australian companies, with the tax benefits of the ESVCLP structure.

RYD and Small Companies Fund figures are actual, as at 30 June 2026. Syndicated and Innovation are by-invitation strategies.

Track record

The value of patience.

Growth of a $100,000 investment in the RYD portfolio since inception, assuming all dividends are reinvested.

$100,000 invested at inception

$386,314

RYD (NTA, dividends reinvested)

S&P/ASX Small Ords Accum.

All Ords Accum.

Hurdle (RBA Cash + 4.25%)

Actual growth of $100,000 invested in the RYD Portfolio at inception (22 September 2015), all dividends reinvested, to 30 June 2026. The RYD Portfolio grew to $386,314 (+286.3%), versus the S&P/ASX Small Ordinaries Accumulation Index ($235,839), the All Ordinaries Accumulation Index ($263,682) and the RBA Cash Rate + 4.25% hurdle ($240,401). RYD return represents the NTA return, adjusted for the dilution of the exercised 26.7m RYDO options and 26.5m RYDOA options, and is prior to the provision and payment of tax for each period of measurement. The inception date is 22 September 2015. All returns assume the reinvestment of dividends. Past performance should not be taken as an indicator of future performance.

In our words

We don't diversify for its own sake. We back only the businesses we understand well enough to hold with conviction — and we invest our own capital alongside yours.

Ryder Investment Management

Our stories