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How TDM became an Australian investment powerhouse

It has just 20 clients, invests in both listed and unlisted assets and is led by a trio in their 40s. TDM is not just one of Australia's most successful and exclusive funds. It's also one of the most interesting.

Tom Cowan, Ben Gisz and Hamish Corlett. TDM Growth Partners.

It was 2004 and on the floor of a one-bedroom Sydney apartment, Tom Cowan began work on a business idea he’d been throwing around for years.

Suffering from a bad back and having neglected to buy tables and chairs, he was splayed out on cushions with two of his closest friends, Hamish Corlett and Ben Gisz, sizing up investment opportunities.

It was a less than auspicious start for what would become TDM Growth Partners, a fund the three co-founders had been dreaming about since attending classes at the University of Sydney together.

"I would pick the guys up before work, and we would have our team meeting in the car and on the walk to work and then we'd do the same debrief on the way home," Corlett tells Capital Brief.