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We invest directly, either on a majority or minority basis, in a small number of private companies predominantly in the UK mid-market. The team work very closely with portfolio companies providing operational and strategic support alongside long-term capital in order to drive value.

The qualities we focus on are:

  • Well established businesses with strong market positions
  • Experienced management teams
  • Profitable and cash generative
  • Prudent capital structures

14% p.a. total return target

We target a total return target of 14% p.a. with a 2.5% yield on cost, by investing in businesses with robust operating margins, led by strong management teams targeting meaningful growth.

“We take a long-term approach working closely with our portfolio companies to deliver enduring capital and support. This, along with our buy-to-own, rather than buy-to-sell philosophy, differentiates us from other private equity managers. We seek to invest in high quality, well established, UK centric businesses with a mid-market focus."

Tom Leader

Head of Caledonia Private Capital

Meet the Private Capital team
Performance Data

Over 1 Yr

Over 3 Yrs

Over 5 Yrs

Over 10 Yrs

Annualised Return

12%

24%

14%

14%

as at 31 March 2024
Significant Pool Investments

Name

First Invested

Value (£m)

2004

181.0

2023

170.1

2019

168.5

2016

135.2

2018

105.4

Other investments

60.1

Total

820.3

as at 31 March 2024

Geographic distribution by revenue generation

45%
UK & Channel Islands
32%
Europe
12%
North America
7%
Asia
4%
Other Countries

Sector distribution

44%
Industrials
24%
Consumer discretionary
21%
Financials
3%
Materials
2%
Healthcare
1%
Consumer staples
1%
Information technology
4%
Other sectors
as at 31 March 2024