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
96%
of our portfolio companies (by value) grew earnings in the period1
Realise investments with good cash‑to‑cash returns
£1,517m
Group realised proceeds2
Maintain an operating cash profit
£276m
Operating cash profit2
Use our strong balance sheet
£907m
Cash investment
Increase shareholder distributions
84.5p
Dividend per share
1. Last 12 months (“LTM”) adjusted earnings to 31 December 2025. Includes 27 portfolio companies
2. Alternative Performance Measure (“APM”)
