Annual Report 2023

We are an international alternative asset fund management group with offices in Europe, North America and Asia. We support growth businesses with a European focus and seek to build stronger companies with greatly enhanced long-term potential.

Creating value

Our year in numbers

Figures as of 31 December 2023

Management and other fees


(2022: £241.5m)

Underlying FRE


(2022: £74.3m)



(2022: £64.9m)

Underlying EBITDA


(2022: £139.2m)

Underlying profit before tax


(2022: £120.0m)

Reported profit before tax


(2022: £127.4m)


Lorem Ipsum

How we approach ESG

We are growth investors, and we back businesses at critical stages in their lifecycle. This gives us the opportunity to drive positive change, not just in terms of performance but also in the environment and society in which we operate.

Lorem Ipsum

Governance review

"On behalf of the Board, I am pleased to present the Group’s governance report for 2023."

Archie Norman
Senior Independent Director

Related pages

Business model

Financial performance and KPIs

Our strategy

We use strictly necessary cookies to make our site work. Currently the analytics cookies which allow us to collect information about how visitors use our website and help us to improve it; is defaulted to ‘InActive’, if you wish to turn this on you can do so through the Cookie Settings. Please be aware that by blocking some types of cookies it may impact your experience of the site and the services we are able to offer. For more information about any of these cookies and our use of them, or to change your settings at any time, please see Cookie Settings and Cookies Policy.