Gresham House Sets Eyes On Long-term Ambitions As Profits Climb

In its half-year results to the end of June, the alternative asset manager said assets under management had grown 5% to £8.3bn through organic inflows, while net core income jumped 12% from H1 2022 to £41.6m and adjusted operating margin stayed steady at 34%.

The firm said it was seeing "continued AUM growth" into the second half of 2023, alongside "strong" long-term absolute and relative investment performance for clients.

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Gresham House said it had identified a "pipeline of potential investors" for funds targeting closes in the second half of the year, and explained that cash on its balance sheet would be used to continue to invest in and develop projects to grow long-term AUM and to cornerstone new funds.

Throughout the first half of the year, the firm continued to progress on its international expansion with the launch of its Irish Strategic Forestry fund and the development of international products.

Looking ahead, Gresham House said it would be making "continued investment" into its long-term strategic plan beyond GH25, with a five-year plan that targets doubling shareholder value made in 2020.

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Tony Dalwood, chief executive at Gresham House, said the firm was set to "look beyond" the plan "towards the next ten years", following its acquisition by Searchlight Capital Partners for £469m in July.

"We now have a strong and firmly established market position, endorsed by recent industry awards wins and nominations as a leading provider of alternative investment solutions spanning natural capital, renewable energy and strategic equity," he added. 

"We now look beyond the GH25 plan towards the next ten years and a new chapter for Gresham House as a private company targeting continued strong investment performance from our range of specialist asset classes."

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