Generating attractive risk-adjusted returns for UK pension funds.
More than 70% of UK equity flows are now in private equity and growth equity. Investors are missing the opportunities to participate in attractive equity returns by not participating in these marketplaces. There is an opportunity to build private market ownership for long-term patient capital across a variety of attractive UK industries.
Investment strategies designed to complement long-term patient capital with the evolving landscape across the private equity marketplace. Three core investment theses: (a) a permanently private or long-duration ownership approach driving long-term compounding and attractive MOIC characteristics; (b) traditional private equity opportunities across national treasures, growth and private equity investments in the eight areas of industrial growth identified in the UK; (c) special attractive situations focused on inefficiencies and dislocations between public market and private market valuations — including public-to-private, pre-IPO investments and private investments in public equity.
| Sub-Strategy | Purpose |
|---|---|
| Permanently Private | Committed investments in low or moderately leveraged long-duration opportunities, targeting stability and/or MOIC |
| National Treasures | Targeting Britain's eight areas of industrial growth, benefiting from government support and subsidy initiatives |
| Special Attractive Situations | P2P, PIPE and pre-IPO opportunities |
Anchored by John Brennan, with 25+ years in management, investing, investment banking and finance — and over $1 trillion of transaction value across PE, M&A, capital raising and bank balance sheet transactions.
Thesis: Rescue of critical banking system participant for UK growth investors and UK venture capital investors.
Execution: Merged Silicon Valley Bank UK with HSBC UK to create HSBC Innovation Bank.
Thesis: £22.5bn capital raise enabling exit from £260bn UK Asset Protection Scheme (APS).
Execution: One of the largest UK equity capital raisings in history; passed regulatory stress tests.
Thesis: Delisting and tender process for listed company culminating in private ownership.
Execution: Partner investment in public-to-private transaction.
Thesis: Recapitalisation and relaunch of the pillar banks in Ireland.
Execution: €28bn capital injections + €78bn asset sales; bad bank establishment.
Thesis: Public-to-private — TSC, Pollen Street Capital and BC Partners launched unsolicited bid.
Execution: Delisted and taken private; acted for the board of Shawbrook Bank.
Proprietary UK deal flow built over 50+ years of combined experience across institutional, government and corporate relationships.
Significant and comprehensive co-investment opportunity across deployments.
Long-duration ownership, UK industrial growth engines and public-private markets dislocation opportunities.
Best-in-class risk management frameworks and experience. Sophisticated governance framework across investment committee, independent valuation, audit and ESG.
Materials and detailed strategy decks are available under NDA. All enquiries are handled personally by a member of the leadership team.
Request a Conversation