About Gresham House

Gresham House is an alternative asset manager. We offer funds, direct investments and tailored investment opportunities across a range of differentiated and specialist asset classes.

Gresham House is an alternative asset manager. We offer funds, direct investments and tailored investment opportunities across a range of differentiated and specialist asset classes.

Gresham House is a specialist alternative asset manager, offering funds, direct investments and tailored opportunities to a wide range of investors.

We deliver value for our clients through sustainable superior investment performance, taking a partnership approach to addressing our clients’ needs, providing access to highly differentiated and alternative assets alongside quality service provision and a focus on both financial and non financial returns.

Our investment and management teams have extensive experience and unparalleled market insight, and this is used to generate value for our investors.

We manage investments and co-investments on behalf of individual investors, financial advisers, institutional investors, family offices, charities and endowments.

We believe in taking the long view in delivering financial returns through sustainable investment solutions.

Gresham House has a rich heritage as one of the oldest companies in the UK still operating today, having first been incorporated in 1857.

On 20 December 2023, Gresham House plc delisted from trading on the London Stock Exchange following its acquisition by Searchlight Capital Partners L.P. (Searchlight).

In this new chapter under private ownership, there is no change to business activity day-to-day. As an active manager specialising in alternative investments with a sustainable positive impact we remain laser focused on the delivery of financial performance and service excellence for our clients.

The business has grown exponentially, has assets under management of £8.3bn (€9.7bn) as at 30 June 2023, a growing international footprint, and an ambition for continued growth from this strong and scalable platform.

Exchange rate as at 30 June 2023.

We aim to deliver value to clients through sustainable and superior investment performance, quality service provision and non-financial returns. Our established culture of empowerment, individual flair and entrepreneurial thinking enables us to attract and retain the brightest talent in the industry.

Our people

At the core of our vision to build an “asset to covet” for clients, is a strong, diligent and highly-experienced team.

Whether fund managers, salespeople, personal assistants or legal advisers, our people always bring something unique to the table. 

Get to know our team

Our values

Our culture empowers our team to design and implement alternative investment solutions in support of a more sustainable future, keeping ESG considerations front and centre.

Read more

Our offering

As a specialist alternative investment manager, we are well-positioned to offer investors a broad range of options to suit their varied and often complex needs, through highly-differentiated investment strategies.

View our investment strategies

View our range of funds

Sustainable investing

As a signatory to the UN-supported Principles for Responsible Investment, we are committed to operating responsibly and sustainably.

We believe taking the long view in delivering sustainable investment solutions will continue to be a growing factor in the strength of our market positioning.

More about sustainable investing Read our TCFD Report

Diversity, Equity and Inclusion

Our approach to diversity, equity and inclusion seeks to embrace and leverage our differences to help us deliver and achieve more.

We are committed to creating a ‘meritocratic’ environment where everyone feels valued, respected and able to realise their full potential.

More about Diversity, Equity & Inclusion

Real Asset investment

Advisory Board

Management Committee

Latest news

Our history

December 2023

Acquisition and delisting
The acquisition of Gresham House plc by Searchlight Capital Partners L.P. completes. At 7am on 20 December, Gresham House plc delists from the London Stock Exchange and becomes a privately owned company.

September 2022

PRI Report
Awarded 4 of 5 stars, out of a maximum of 5 stars, for all modules relevant to Gresham House plc in our 2021 PRI Report.

May 2022

New Zealand forestry acquisition
Forestry division completes acquisition of New Zealand forestry and carbon credit assets for £49mn on behalf of an institutional client.

March 2022

Acquisition of Burlington Real Estate Limited Gresham House announces the acquisition of Burlington Real Estate Limited an Irish commercial property asset and development management company

October 2021

Acquisition of Mobeus VCT contracts Gresham House completes the acquisition of four Mobeus VCT contracts, including bringing across 20 staff.

September 2021

Stewardship Code
Gresham House Asset Management Limited met the expected standard of reporting and has been listed as a signatory to the FRC’s 2020 UK Stewardship Code.

August 2021

Affordable Housing registered provider
ReSI Homes, the registered provider within Gresham House Residential Secure Income SI LP, has been selected as a strategic partner of the Greater London Authority to deliver affordable housing.

April 2021

British Sustainable Infrastructure Fund II LP Launch of British Sustainable Infrastructure Fund II LP (BSIF II).

December 2020

Acquisition of Appian Asset Management Gresham House announces the acquisition of Dublin-based Appian Asset Management Ltd, an active asset manager with c. €330m AUM

July 2020

Awarded Green Economy Mark
Gresham House plc awarded the London Stock Exchange's Green Economy Mark for deriving over 50% of its revenue from green funds.

May 2020

Appointed Investment Manager to Strategic Equity Capital plc (SEC)
Gresham House Asset Management becomes SEC's new investment manager and alternative investment fund manager (AIFM) ahead of proposed JV with Aberdeen Standard Investments (ASI).

March 2020

Acquisition of TradeRisks Limited
TradeRisks Limited is acquired, a fund manager and the leading integrated debt adviser for the social housing, social infrastructure and public sectors.

May 2019

Irish Forestry deal
Appointment by AXA Investment Managers to execute and manage the largest Irish Forestry deal in the market to date.

November 2018

Acquisition of Livingbridge VC LLP
Livingbridge VC's fund and investment management business is acquired, comprising two Baronsmead VCTs and two OEICS and bringing a range of talent on board.

November 2018

Gresham House Energy Storage Fund plc Launch of Gresham House Energy Storage Fund plc (GRID), following a successful IPO raising £100mn.

May 2018

Acquisition of FIM
FIM Services Limited is acquired, an alternative investment fund manager specialising in UK sustainable forestry and UK renewable energy investments.

January 2018

Client portal launched
Launch of Gresham House Client Portal to provide clients with improved transparency and reporting. Also facilitates co-investment opportunities.

December 2017

Final legacy sale & profitability
Completes transformation to specialist asset manager with the sale of the final property that the management team inherited. Now profitable on a run-rate basis.

October 2017

Acquisition of Hazel Capital
Renewable energy-focused Hazel Capital is acquired, forming
Gresham House New Energy.

June 2017

Doubled assets under management
AUM increases by approximately 50% in the year to date, doubling over two years.

June 2017

BSIF first close
A successful first close for the British Strategic Investment Fund, with £150m.

February 2017

Royal County of Berkshire Pension Fund
The Royal County of Berkshire Pension Fund takes a 20% shareholding in
Gresham House plc.

November 2016

Gresham House Forestry
Gresham House Forestry is born,
with the rebranding of
Aitchesse Limited.

October 2016

Forestry fund close
A successful first close for
Gresham House Forestry Fund LP.

August 2016

Strategic Public Equity fund
Launch and first close of
Strategic Public Equity Fund LP.

July 2016

LMS Capital
Gresham House is awarded the investment mandate contract for LMS Capital.

November 2015

FCA authorisation
Gresham House Asset Management is authorised by the Financial Conduct Authority.

November 2015

Aitchesse acquisition
Gresham House acquires Aitchesse Limited, a specialist forestry firm.

October 2015

Gresham House Strategic
SPARK Ventures plc is rebranded as Gresham House Strategic plc.

July 2015

SPARK Ventures
Gresham House launches its first division through the appointment to manage quoted investment company SPARK Ventures plc.

March 2015

GHAM is established
Gresham House Asset Management is first established.

December 2014

New management
An established management team buy into Gresham House plc with a transformation plan. The business ceases to be an Authorised Investment Trust.

July 1950

LSE Listing
Gresham House plc is first listed on the London Stock Exchange.

1928

Acquisition of island site
Gresham House Estates Ltd acquires an “island” site, between London Wall and Great Winchester Street. A subsidiary, Great Winchester Street Estates Limited is formed to hold it.

1921

Acquisition of Broad Street Estates
Gresham House Estates Ltd acquires Broad Street Estates Limited, including a freehold building in Old Broad Street - opposite Gresham House.

1857

GHEC incorporates
Gresham House Estates Limited is incorporated as company number 871 on 14 May, under George Burnand. Corney and Barrow wine merchants are one of the Company’s first tenants (and remain so for over 100 years).

1854

Gresham House Estate Company expands
The Gresham House Estate Company expands its portfolio by acquiring 22-27
Old Broad Street.

1853

Premises acquired
The premises of HM Excise Office are sold to the Gresham House Estate Company, under Chairman W. J. Chaplin.

1768

Gresham College moves
Gresham College moves to new premises on Gresham Street. It later moves to Barnard’s Inn Hall in 1991 and is funded from Sir Thomas Gresham’s estate to this day.

1597

Gresham College founded
Gresham College is founded to provide free lectures within the City of London. Its original lecturers, including Sir Christopher Wren and Robert Hooke, live at the mansion in Bishopsgate.

1579

Formation of Foundation
Sir Thomas Gresham leaves proceeds in his will for the foundation of a college in his name. It is to be housed at his former mansion and gardens between Old Broad Street and Bishopsgate.

1565

Sir Thomas Gresham
Sir Thomas Gresham, former Lord Mayor of London and financial agent to the monarchy from King Henry VIII to Queen Elizabeth I, establishes the Royal Exchange at his mansion between Old Broad Street and Bishopsgate.

1400

The Gresham grasshopper
The Gresham family crest is a golden grasshopper sitting atop a green mound. According to legend, the founder of the family, Roger de Gresham, was abandoned as a newborn among long grass in Norfolk, but was rescued by a woman whose attention was drawn by a grasshopper.

Useful information and documents

1. Rule 2.7 Announcement

1.1 Rule 2.7 announcement dated 17 July 2023

 

2. Non-Director Shareholder Irrevocable Undertakings and Letters of Intent

2.1 Shareholder irrevocable undertaking – Saffie Investments Ltd dated 17 July 2023

2.2 Shareholder irrevocable undertaking – ABRDN dated 17 July 2023

2.3 Shareholder irrevocable undertaking – RCD and VCD dated 17 July 2023

2.4 Shareholder irrevocable undertaking – Royal Borough of Winsor and Maidenhead dated 17 July 2023

2.5 Shareholder letter of intent – Amati Global Investors Limited dated 17 July 2023

 

3. Director Shareholder Irrevocable Undertakings

3.1 Director Shareholder irrevocable undertaking – Anthony Townsend dated 17 July 2023

3.2 Director Shareholder irrevocable undertaking – Tony Dalwood dated 17 July 2023

3.3 Director Shareholder irrevocable undertaking – Kevin Acton dated 17 July 2023

3.4 Director Shareholder irrevocable undertaking – Rachel Beagles dated 17 July 2023

3.5 Director Shareholder irrevocable undertaking – Gareth Davis dated 17 July 2023

3.6 Director Shareholder irrevocable undertaking – Sarah Ing dated 17 July 2023

3.7 Director Shareholder irrevocable undertaking – Simon Stilwell dated 17 July 2023

 

4. Management Shareholder Irrevocable Undertakings

4.1 Management Shareholder irrevocable undertaking – Rupert Robinson dated 17 July 2023

4.2 Management Shareholder irrevocable undertaking – Ben Guest dated 17 July 2023

4.3 Management Shareholder irrevocable undertaking – Samee Khan dated 17 July 2023

4.4 Management Shareholder irrevocable undertaking – Andrew Hampshire dated 17 July 2023

4.5 Management Shareholder irrevocable undertaking – Bruce Carnegie-Brown dated 17 July 2023

4.6 Management Shareholder irrevocable undertaking – Colin Lees-Millais dated 17 July 2023

 

5. Rule 2.7 Announcement Consent Letters

5.1 Consent letter – Evercore Partners International LLP dated 17 July 2023

5.2 Consent letter – Blackdown Partners Limited dated 17 July 2023

5.3 Consent letter – Canaccord Genuity Limited dated 17 July 2023

5.4 Consent letter – Jefferies International Limited dated 17 July 2023

5.5 Consent letter – Dean Street Advisers Limited dated 17 July 2023

5.6 Consent letter – N.M. Rothschild & Sons Limited dated 17 July 2023

 

6. Bidco Financing Documents

6.1 Commitment Letter – APC Holdings I L.P dated 17 July 2023

6.2 Interim Facilities Letter – APC Holdings I L.P dated 17 July 2023

6.3 Security Interest Agreement – Ares Management Limited dated 17 July 2023

6.4 Fee Letter – APC Holdings I L.P dated 17 July 2023

6.5 Interim Agency Fee Letter – Ares Management Limited dated 17 July 2023

6.6 Interim CP Status Letter – Ares Management Limited dated 17 July 2023

 

7. Ancillary Documents

7.1 Confidentiality agreement dated 3 May 2023

7.2 Joint defence agreement dated 22 June 2023

7.3 Co-operation agreement dated 17 July 2023

7.4 Rule 2.11 communication – Shareholders (hard copy) dated 17 July 2023

7.5 Rule 2.11 communication – Shareholders/option holders (electronic communications) dated 17 July 2023

7.6 Rule 2.11 communication – Employees dated 17 July 2023

 

8. Scheme Document

8. Scheme Document – dated 4 August 2023

 

9. Announcement of Publication of Scheme Document

9. Announcement of Publication of Scheme Document – dated 4 August 2023

 

10. Consent Letters

10.1 Consent Letter Evercore – Scheme Document – dated 4 August 2023

10.2 Consent Letter Evercore Partners International LLP – Rule 15 Letters – dated 4 August 2023

10.3 Consent Letter Blackdown Partners Limited – Scheme Document – dated 4 August 2023

10.4 Consent Letter Blackdown Partners Limited – Rule 15 Letters – dated 4 August 2023

10.5 Consent Letter Jefferies International Limited – Scheme Document – dated 4 August 2023

10.6 Consent Letter Canaccord Genuity Limited – Scheme Document – dated 4 August 2023

10.7 Consent Letter Dean Street Advisors Limited – Scheme Document – dated 4 August 2023

10.8 Consent Letter N.M. Rothschilds & Sons Limited – Scheme Document – dated 4 August 2023

 

11. General Meeting Proxy

11. General Meeting Proxy – dated 4 August 2023

 

12. Court Meeting Proxy

12. Court Meeting Proxy – dated 4 August 2023

 

13. Rule 15 Proposal Letters

13.1 Rule 15 Proposal Letter – BSM – dated 4 August 2023

13.2 Rule 15 Proposal Letter – Sharesave Plan – dated 4 August 2023

13.3 Rule 15 Proposal Letter – PSP (other than as set out below) and 2020 LTIP – dated 4 August 2023

13.4 Rule 15 Proposal Letter – SE Team Awards – dated 4 August 2023

13.5 Rule 15 Proposal Letter – SE Individual Awards – dated 4 August 2023

13.6 Rule 15 Proposal Letter – Bespoke Award #1 (ReSI Shares) – dated 4 August 2023

13.7 Rule 15 Proposal Letter – Bespoke Award #2 (Build to Rent Housing Fund) – dated 4 August 2023

13.8 Rule 15 Proposal Letter – September 2021 PSP Awards – dated 4 August 2023

 

14. Shareholder and Employee Communications

14.1 Shareholder Communication – Hard Copy – dated 4 August 2023

14.2 Shareholder Communication – E-Mail – dated 4 August 2023

14.3 Employee Communication – dated 4 August 2023

 

15. Articles

15.1 Gresham House – Existing Articles – dated 4 August 2023

15.2 Gresham House – Proposed Articles to be amended by Scheme – dated 4 August 2023

15.3 Bidco Articles – dated 4 August 2023

 

16. Accounts

16.1 Gresham House 2021 Annual Report and Accounts – dated 4 August 2023

16.2 Gresham House 2022 Annual Report and Accounts – dated 4 August 2023

 

17. Letter to Proxy Advisers

17. Letter to Proxy Advisers

 

18. Announcement – Additional Irrevocable Undertakings Received

18. Announcement – Additional Irrevocable Undertakings Received

 

19. Additional Shareholder Irrevocable Undertakings

19.1 Additional shareholder irrevocable undertaking – Anthony Crosbie-Dawson – dated 16 August 2023

19.2 Additional shareholder irrevocable undertaking – Charlotte Bruce dated – 16 August 2023

19.3 Additional shareholder irrevocable undertaking – Charles Park dated – 16 August 2023

19.4 Additional shareholder irrevocable undertaking – Dominic Hollamby – dated 16 August 2023

19.5 Additional shareholder irrevocable undertaking – George Crosbie-Dawson – dated 16 August 2023

19.6 Additional shareholder irrevocable undertaking – Stirling Family – dated 16 August 2023

 

20. Announcement of Results of Meetings

20. Announcement of results of meeting – dated 30 August 2023

 

21. Announcement of FCA Approval

21. Announcement of FCA Approval

 

22. Announcement of Satisfaction of Regulatory Conditions

22. Announcement of Satisfaction of Regulatory Conditions

 

23. Additional Bidco Financing Documents

23.1 Senior Facilities Agreement – Ares Management Limited – dated 27 November 2023

23.2 Intercreditor Agreeement – Ares Management Limited – dated 27 November 2023

23.3 CP Status Letter – Ares Management Limited – dated 27 November 2023

23.4 Formalities Certificate – Seed Bidco Limited – dated 27 November 2023

23.5 Formalities Certificate – Seed Midco Limited – dated 27 November 2023

23.6 Security Interest Agreement (Securities – Possession) – Ares Management Limited – dated 27 November 2023

23.7 Security Interest Agreement (Third Party Bank Account) – Ares Management Limited – dated 27 November 2023

23.8 Upfront Fee Letter (RCF) – Hamburg Commercial Bank AG – dated 27 November 2023

23.9 Upfront Fee Letter (SFA) – Ares – dated 27 November 2023

23.10 Agency Fee Letter – Ares Management Limited – dated 27 November 2023

23.11 Certificate of Release – Ares Management Limited – dated 27 November 2023

23.12 Interim Security Interest Release Agreement – Ares Management Limited – dated 27 November 2023

23.13 Interim Facilities Agreement Voluntary Cancellation Notice – Ares Management Limited – dated 27 November 2023

 

24. Announcement Regarding Update on Financing Arrangements

24. Update on Financing Arrangements

 

25. Court Sanction of Scheme of Arrangement

25. Court Sanction of Scheme of Arrangement

 

26. Issue Of Shares To EBT And PDMR Dealings

26. Issue of Shares to Employee Benefit Trust and PDMR Dealings

 

27. Rule 2.9 Announcement

Rule 2.9 Announcement – dated 18 December 2023

When did the acquisition of Gresham House complete?

The acquisition of Gresham House by Searchlight completed on 19 December 2023, with the company delisting from the London Stock Exchange on 20 December 2023 to become privately owned.

 

Can I still invest in Gresham House?

The company has delisted from the London Stock Exchange and has become a privately owned company. As such, it is no longer possible to acquire shares in Gresham House.

 

Who are Searchlight Capital Partners, L.P. (“Searchlight”)?

Searchlight is a private investment firm based in New York, founded in 2010. Operating across North America and Europe.

Searchlight seeks to invest through buyouts, growth equity, and recapitalisation, and also makes investments throughout a company’s capital structure. The firm’s investment focus is in business services, communications & media, consumer, financial services, industrials, infrastructure, power, and education sectors.

 

Is Searchlight the 100% owner of Gresham House?

Following completion of the transaction, Searchlight owns 100% of the share capital of Gresham House.

 

Now Gresham House is privately owned, how can I stay up to date with the company’s progress?

Gresham House will continue to provide regular updates, including latest news about the products and services we provide, to our employees, clients and other stakeholders via email and LinkedIn. Please complete the form at the bottom of this page.

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