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Investor Updates

Returns & Commentary

The September quarterly includes:

  • Portfolio summary

  • Our new investment in Grow

  • Newton’s Third Law of Motion, but for investing

Read the investor update by clicking here.

September 2024


June 2024

The June quarterly includes:

  • Portfolio summary

  • Can a bad investment ever become a good one?

  • Fund & admin changes

Read the investor update by clicking here.


March 2024

The March quarterly includes:

  • Portfolio summary

  • A baker’s dozen of exits

  • Evergreen is here for everlong

Read the investor update by clicking here.


December 2023

The December quarterly includes:

  • Portfolio summary

  • The power of no

  • How to value information

Read the investor update by clicking here.


The September quarterly includes:

  • Portfolio summary

  • Dr Seuss is waiting for you

  • Behavioural investing hacks

Read the investor update by clicking here.

September 2023


June 2023

The June quarterly includes:

  • Listed market & macro view

  • Portfolio summary & notable transactions

  • How to predict the future

Read the investor update by clicking here.


March 2023

The March quarterly includes:

  • Quarterly performance metrics and portfolio overview

  • Finite vs. Infinite Games

  • Exits for the Ecosystem

Read the investor update by clicking here.


December 2022

The December quarterly includes:

  • Quarterly performance metrics, including exit and revaluation updates

  • Details on two new investments made during the quarter

  • Secondaries - our unique edge

Read the investor update by clicking here.


September 2022

The September quarterly includes:

  • Quarterly performance metrics, including exit and revaluation updates

  • Price discovery in private markets

  • Why structure is sexy again

Read the investor update by clicking here.


June 2022

The June quarterly includes:

  • Financial year end performance and portfolio summary

  • Understanding the fundamentals of the boom-bust cycle

  • The implications of a slowdown in VC funding

Read the investor update by clicking here.


March 2022

The March quarterly includes:

  • Quarterly performance metrics & key transactions

  • Unpacking some of the more common reasons we decline new opportunities

  • The relevance of diversity of opinions in investments

Read the investor update by clicking here.


December 2021

The December quarterly includes:

  • Quarterly performance metrics & key transactions

  • The year in review, with the highs and lows of our fund

  • Thoughts on how to approach 2022 and the disparity between private and public valuations

Read the investor update by clicking here.


September 2021

The September quarterly includes:

  • Quarterly performance metrics & key transactions

  • Overview of our investment in Li-S Energy

  • Our views on change (and what is unlikely to ever change)

Read the investor update by clicking here.


June 2021

The June quarterly includes:

  • Quarterly performance metrics & key transactions

  • Our preferred way to gain exposure to the ongoing electrification theme in transport

  • Valuations, or “what is anything really worth?”

Read the investor update by clicking here.


March 2021

The March quarterly report briefs investors and subscribers on:

  • Quarterly performance metrics & key transactions

  • Details of an exciting co-investment opportunity for a transaction led by Wunala Capital

  • Our view on the current IPO ‘window’ and how we are positioning our portfolio for when it inevitably closes

Read the investor update by clicking here.


The December quarterly update covers topics including:

  • Update on fundraising and new investments made

  • Details of the first IPO from our new fund

  • Expected return profiles and valuation approach for our portfolio

Read the investor update by clicking here.

December 2020


September 2020

In the September quarterly update we talk about:

  • Returns from the exits of Wunala’s first tranche of Pre-IPO investments

  • What is a valuation cap and how does it work

  • Details of our new fund (open to wholesale investors from 1 October for a limited time only)

Read the investor update by clicking here.


June 2020

Our June quarter investor update includes:

  • Our thoughts on Buy Now Pay Later (BNPL) and how we are positioned

  • Convertible Notes 101

  • Conversion mechanics at IPO

Read the investor update by clicking here.


March 2020

Wunala Capital’s first investor update focusing on Pre-IPO investments. Highlights include:

  • Wunala’s initial Pre-IPO investment in the BNPL sector

  • Why we like the Pre-IPO stage of investing

  • Investing during periods of significant volatility

Read the investor update by clicking here.