Acorn Capital Investment Fund Ltd is an investment company. The Company's principal activity is to invest in a portfolio of listed and unlisted microcap companies. The Company's primary objective is to achieve after-fee returns on its investment portfolio in the long term that are higher than the Standard & Poor's (S&P)/Australian Securities Exchange (ASX) small ordinaries accumulation index, through long-term capital growth by way of investment in a portfolio of microcap companies. The Company invests in various sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities. Acorn Capital Limited is the manager of the Company.