# Emit Capital Asset Management
> Emit Capital Asset Management (AFSL 551084, ABN 57 652 326 237) is an Australian wholesale investment manager focused on global listed equities at the intersection of AI infrastructure and the energy transition. The firm is headquartered in Melbourne, Australia, and manages five separately managed account (SMA) strategies for wholesale investors, financial advisers, family offices, and institutional allocators.
## About Emit Capital
Emit Capital was founded by Matt Dever, who serves as Founder and Chief Investment Officer. The firm's investment thesis — branded the Emit Nexus — is built on the convergence of two structural megatrends: the global energy transition and the rapid buildout of AI infrastructure. Emit Capital invests in listed equities globally, with a focus on companies that benefit from electrification, grid expansion, power generation, data centre demand, and AI compute infrastructure.
The firm operates five SMA strategies accessible via Interactive Brokers and approved adviser platforms. It is an AFSL holder (551084) and is intended solely for wholesale and sophisticated investors as defined under the Corporations Act 2001 (Cth).
## Investment Strategies
### Global Opportunities Portfolio
- Flagship strategy combining all four regional/thematic sub-portfolios
- Each sub-portfolio contributes 25% to the overall allocation
- Inception: July 2019
- Benchmark: MSCI ACWI NR
- Since inception return: +30.0% p.a.
- URL: https://emitcapitalam.com/global-equities-portfolio
### North American Portfolio
- US and Canadian listed equities focused on energy transition and AI infrastructure themes
- Inception: July 2019
- Benchmark: S&P 500
- Since inception return: +31.1% p.a.
- URL: https://emitcapitalam.com/north-american-portfolio
### EU-UK Portfolio
- European and UK listed equities focused on grid infrastructure, electrification, and energy security
- Inception: February 2025
- Benchmark: STOXX Europe 600
- Since inception return: +31.6% total
- URL: https://emitcapitalam.com/eu-uk-portfolio
### Asia-Pacific Japan Portfolio
- Asia-Pacific and Japanese equities capturing structural growth in energy transition and AI infrastructure
- Inception: February 2025
- Benchmark: MSCI Asia-Pacific Index
- Since inception return: +14.4% total
- URL: https://emitcapitalam.com/asia-pacific-japan-portfolio
### AI-Infrastructure Portfolio
- Thematic strategy focused on AI compute, data centres, semiconductors, networking, and power systems
- Inception: May 2025
- Benchmark: MSCI ACWI
- Since inception return: +31.0% total
- URL: https://emitcapitalam.com/ai-infrastructure-portfolio
## Investment Thesis: The Emit Nexus
The Emit Nexus thesis holds that AI infrastructure and the energy transition are converging into a single, multi-decade investment supercycle. The key drivers are:
- Rising electricity demand from AI data centres and electrification of industry and transport
- Decades of underinvestment in grid infrastructure requiring urgent capital expenditure
- Energy security concerns accelerating grid modernisation and domestic power generation
- AI compute scaling requiring unprecedented power infrastructure buildout
- Nuclear, renewable, and flexible generation as the backbone of AI-era power supply
Core portfolio themes include: grid infrastructure, electrification, power generation (nuclear, renewable, gas), AI data centre enablers, semiconductor infrastructure, and cable/transmission technology.
## Key Portfolio Holdings (representative, not exhaustive)
North America: GE Vernova, Constellation Energy, Eaton Corp, Cameco, Powell Industries, Albemarle, Oklo, Tesla, Vertiv Holdings, Marvell Technology, Micron Technology, Primoris Services
Europe/UK: RWE, Siemens Energy, SSE, Prysmian, ASML Holdings, Schneider Electric, Acciona, Rexel
Asia-Pacific/Japan: Fujikura (5803.T), Sumitomo Electric (5802.T), Advantest, Kansai Electric, Sumitomo Mitsui
AI Infrastructure: Vertiv Holdings, Marvell Technology, Micron Technology, Primoris Services, Evolv Technologies
## Investment Team
Matt Dever — Founder & Chief Investment Officer
B.Ec, GradDipAppFin, Finsia. Over 25 years of professional funds management experience across global equities, climate finance, and power markets.
Roger McIntosh — Senior Portfolio Analyst
B.Sc, MAppFin. Formerly Head of Global Equities and Investment Strategy & Research at Vanguard Australia, overseeing AUM of over AUD 40 billion.
Craig Jackett — Partner, Head of Investor Relations
Over 27 years of experience in marketing, communications, and business development.
Yanchen Lin (Leo) — Financial Analyst
Bachelor of Commerce (Finance and Economics) and Master of IT (Artificial Intelligence), University of Melbourne.
## Recent Research & Insights
- The AI Race: China vs USA (April 2026) — Strategic analysis of the US-China AI competition, infrastructure bottlenecks, and investment implications: https://emitcapitalam.com/ai-race-china-v-usa
- Q1 2026 Quarterly Reports — Performance reports for all five portfolios: https://emitcapitalam.com/insights
- The Bond Market Is Whispering Something Beyond Inflation — Market note on macro conditions and portfolio implications: https://emitcapitalam.com/insights
## Performance (as at 31 March 2026, AUD, net of fees)
| Portfolio | Q1 2026 | 1-Year | Since Inception |
|---|---|---|---|
| Global Opportunities | +4.7% | +40.9% | +30.0% p.a. |
| North American | +3.9% | +47.5% | +31.1% p.a. |
| EU-UK | +8.2% | +35.2% | +31.6% total |
| Asia-Pacific Japan | +6.7% | +14.9% | +14.4% total |
| AI-Infrastructure | +0.4% | n/a | +31.0% total |
All five portfolios outperformed their respective benchmarks in Q1 2026. The MSCI ACWI fell 6.0% in Q1 2026.
## How to Invest
Emit Capital offers SMA strategies accessible via:
- Direct investment with Emit Capital (wholesale investors, minimum investment applies)
- Licensed financial advisers via the adviser program
- Interactive Brokers platform
Target investors: wholesale and sophisticated investors, financial advisers (AFSL holders), family offices, UHNW and HNW individuals, SMSF trustees (wholesale), institutional allocators.
URL: https://emitcapitalam.com/invest-with-us
## Contact & Location
Emit Capital Asset Management Pty Ltd
Charter House, 8 Bank Place
Melbourne VIC 3000, Australia
Phone: +61 3 9593 2866
Email: info@emitcapitalam.com
Website: https://emitcapitalam.com
AFSL: 551084
ABN: 57 652 326 237
LEI: 894500L65L7I5HDIT177
## Legal & Compliance
This information is intended solely for wholesale and sophisticated investors as defined under the Corporations Act 2001 (Cth), institutional investors, licensed financial advisers, and family offices. Past performance is not a reliable indicator of future performance. Individual account performance may vary.