We invest in both public and private companies on a global basis. Investments are managed across three pools of capital.
What we look for
We seek out companies that meet our investment criteria:
Attractive
markets
Strong fundamentals
Well managed and aligned
Public Companies
We are long-term owners of high quality companies which are held across two portfolios, Capital and Income. We target businesses that we understand with underlying growth and pricing power and that can deliver attractive returns on capital.
As at 30 September 2025
We invest in high-quality businesses built to compound value for the long term.Ben Archer and Alan Murran Co-Heads of Public Companies
Private Capital
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 a whole eco-system of support alongside long-term capital in order to drive value.
As at 30 September 2025
Our buy-to-own, rather than buy-to-sell philosophy differentiates us from other private equity managers.Tom Leader Head of Private Capital
Funds
We invest in funds managed by leading fund managers in North America and Asia Pacific — regions that continue to power global economic growth. Through their specialist focus on growth and lower mid-market buyouts, we gain exposure to a diverse portfolio of more than 600 private companies, providing long-term access to some of the world’s most dynamic markets.
As at 30 September 2025
The team seek to partner with proven managers in attractive markets. These long and profitable relationships typically span multiple fund vintages.Jamie Cayzer-Colvin Head of Funds
Our largest investments
We invest in both listed and private companies, diversified by sector and geography, resulting in a well-balanced portfolio of compounding investments.