What are you looking for?
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%
