What are you looking for?
Funds spotlight
We hosted a webcast on the Funds pool on Tuesday 27 January 2026.
Jamie Cayzer-Colvin (Head of Funds), Eloise Fox (Director, North America Funds) and Min Ong (Director, Asia Funds) provided insight on the team’s investment philosophy, strategy and portfolio.
We invest in private equity funds across North America and Asia Pacific, with a bias towards lower mid-market buyouts. The portfolio provides attractive diversification, comprising 82 funds managed by 46 experienced managers, providing access to more than 600 underlying companies operating across a range of sectors.
The qualities we look for:
Successful track record
Stable team
Expertise in creating value through cycles
Alignment of interest
Portfolio value
£884.2m
NAV
29%
Strategic asset allocation
25-35%
Performance data
Annualised Return as at 30 September 2025
2.4%
Over 1 year
-1.8%
Over 3 years
13.3%
Over 5 years
13.3%
Over 10 years
Significant portfolio investments
HighVista Strategies
First Invested 2013
Value£84.6m
Axiom Asia funds
First Invested 2012
Value£67.5m
De Cheng funds
First Invested 2015
Value£57.2m
Unicorn funds
First Invested 2018
Value£37.9m
Asia Alternatives funds
First Invested 2012
Value£33.8m
AE Industrial funds
First Invested 2018
Value£32.2m
CenterOak funds
First Invested 2015
Value£27.8m
Stonepeak funds
First Invested 2015
Value£27.2m
Vance Street funds
First Invested 2021
Value£26.8m
Transom funds
First Invested 2019
Value£25.2m
Value£464.0m
Value£884.2m
Geographic
distribution
As at 30 September 2025
- North America 64%
- Asia 36%
Strategy
distribution
As at 30 September 2025
- North America buyout 55%
- North America fund of funds 8%
- North America other 1%
- Asia venture and growth 20%
- Asia fund of funds 16%
