Building UK private market ownership for long-term pension capital.
More than 70% of UK equity flows are now in private equity and growth equity. Investors that do not participate in these marketplaces are missing a growing share of UK equity activity. There is an opportunity to build private market ownership for long-term patient capital across a variety of 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; (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 long-term value |
| 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.
An institutional risk-management and governance framework — independent investment committee, valuation, audit and ESG oversight — built in from day one.
Materials and detailed strategy decks are available under NDA. All enquiries are handled personally by a member of the leadership team.
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