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
93%
of Private Equity portfolio companies1 (by value) grew earnings in the period
Realise investments with good cash‑to‑cash returns
£866m
Group realised proceeds2
Maintain an operating cash profit
£467m
Operating cash profit2
Use our strong balance sheet
£593m
Cash investment
Increase shareholder distributions
61.0p
Dividend per share
1. Last 12 months (“LTM”) earnings to 31 December 2023. Includes 29 portfolio companies.
2. Operating cash profit, realised proceeds are APMs.
