Driehaus US Micro Cap Equity Fund

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04 March 2021
SFDR classification
Article 6
Russell Micro Cap Growth TR USD
US Small-Cap Equity
Investment Style
Small Growth
Fund Size


The investment objective of the Fund is to achieve long-term capital growth.

The Fund’s Sub-Investment Manager, Driehaus Capital Management LLC, is a privately-held boutique asset management firm located in Chicago, USA. The firm was founded in 1982 and has USD 10 billion of assets under management.

The strategy primarily invests in US micro-capitalization companies with good growth potential and with a market capitalization within the same range at the time of investment as those included in the Russell Microcap® Growth Index. Investment decisions are based on the belief that fundamentally strong companies are more likely to generate superior earnings growth on a sustained basis and are more likely to experience positive earnings revisions. Investment decisions involve evaluating a company’s competitive position, industry dynamics, identifying potential growth catalysts and assessing the financial position of the relevant company.

Key stats

The below shows the information for the share class selected in the drop down box directly below the name of the fund. You can use the drop down box to view information relating to other share classes listed in the fund. A full list of all currency share classes is available on request.

Sub-Investment Manager

Driehaus Capital Management

Investment Team Location

Chicago, Illinois, USA


Active with reference to a benchmark


Russell Micro Cap Growth TR USD

Fund Size


Fund Launch

07 December 2016

Fund Status

Closed to All Investors

Share Class Launch

25 July 2018

Share Class CCY


Management Fee


Min. Investment


Fund Type





BBH Trustee Services (Ireland) Ltd


Grant Thornton







Risk Management

Lower RiskHigher Risk



Past performance is no guide to future performance and the value of investment and income from them can fall as well as rise.

Driehaus US Micro Cap Equity Fund Q4 2020 Webcast

Top Ten Holdings

As of 31 January 2021
NameGicsCountryWeight %
1Sitime Corp Ordinary SharesInformation TechnologyUnited States2.2
2Springworks Therapeutics Inc Ordinary SharesHealth CareUnited States2.0
3Growgeneration CorpConsumer DiscretionaryUnited States1.7
4Magnite IncConsumer DiscretionaryUnited States1.7
5Relay Therapeutics Inc Ordinary SharesHealth CareUnited States1.7
6Celsius Holdings IncConsumer StaplesUnited States1.6
7Natera IncHealth CareUnited States1.6
8Fulgent Genetics IncHealth CareUnited States1.4
9Chart Industries IncIndustrialsUnited States1.3
10Calix IncInformation TechnologyUnited States1.3

Fund Manager

Jeff James
Lead Portfolio Manager (Micro Cap, Small Cap, Small/Mid Cap Growth)Read More


Heptagon Capital Limited, Heptagon Capital LLP and its Partners disclaim any and all liability relating to these materials, including, without limitation, any express or implied representations or warranties for statements or errors contained in, and omissions from, these materials. Certain assumptions have been made, and/or parameters set, in the preparation of these materials which have resulted in the returns detailed herein, and no representation or warranty is made that any returns indicated will be achieved. Changes to assumptions or parameters may have a material impact on the returns detailed. This document should not be considered an offer to buy or sell investments. Heptagon Capital Limited has issued this communication as investment manager for Heptagon Fund PLC, and is licenced to conduct investment services by the Malta Financial Services Authority.

Heptagon Capital LLP, acting as Distributor, is authorised and regulated in the UK by the Financial Conduct Authority.

Representative and Paying Agent in Switzerland is Société Générale, Paris, Zurich branch, Talacker 50, PO Box 1928, 8021 Zurich, Switzerland. The prospectus, the key investor information document, the Articles and the annual and semi-annual reports are available free of charge from the Swiss representative.

The results given herein are based solely upon historical fund performance as gathered and supplied by Morningstar. That past performance has not been independently verified by either Heptagon Capital Limited or Heptagon Capital LLP. It is not intended to predict or depict the future performance of any investment. Past performance is not necessarily indicative of future returns.

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