Our strategic objectives

We generate attractive returns for our shareholders and co-investors by investing in mid-market private equity and infrastructure companies to create a diverse portfolio with strong growth potential.
We adopt a thematic approach to origination and portfolio construction, backing businesses that benefit from structural trends, such as value for money, energy transition, digitalisation and demographic and social change, which can support long-term sustainable growth.
As proprietary capital investors, we have a long-term, responsible approach. We actively manage our portfolio to drive sustainable growth in our investee companies, for example through supporting buy-and-build strategies and international growth opportunities.

Grow investment portfolio earnings
97%
of our portfolio companies (by value) grew earnings in the period1

Realise investments with good cash‑to‑cash returns
£1,837m
Group realised proceeds2

Maintain an operating cash profit
£469m
Operating cash profit2

Use our strong balance sheet
£1,182m
Cash investment

Increase shareholder distributions
73.0p
Dividend per share
1. Last 12 months (“LTM”) earnings to 31 December 2024. Includes 30 portfolio companies.
2. Alternative Performance Measure (“APM”)
