Investment Strategy 2016-12-13T19:05:21+00:00

Investment Manager

Gresham House Strategic plc is managed by the Strategic Equity investment team within Gresham House Asset Management Limited

The team has a track record of strong relative returns at SVG and PDFM and breadth of experience in strategic investment in public markets, corporate advisory, investment banking and in building asset management businesses.

Gresham House Asset Management Limited is regulated and authorised by the Financial Conduct Authority for the provision of investment management services.

Meet the team

Strategic Public Equity (SPE)

Targeting superior long-term investment returns through using a private equity approach and techniques to investing in quoted companies

Strategic Public Equity is based on an approach which significantly reduces company specific risk within a focused portfolio by adopting a value investment philosophy and private equity-style techniques and due diligence, including an investment committee that draws on the expertise of a distinguished and experienced advisory group with industrial and private equity backgrounds.

The Manager, Gresham House Asset Management, will seek to provide growth and acquisition capital alongside significant block stake investments in primarily smaller public companies.

The private equity techniques applied to investing in public companies ensure a rigorous and deep understanding of each investment. This sits alongside an approach of considerably higher levels of engagement with stakeholders (management, shareholders, advisers, customers, competitors) and influence in support of a clear equity value creation plan which results in a de-risking of investment. This approach invests with a 3-5 year horizon and whilst short-term volatility exists, the risk to permanent capital should be reduced due to several factors:

  • Investment philosophy (value-bias)
  • Private equity style, diligence process
  • Significant and constructive engagement with management and influence
  • A clear equity value creation plan and identified catalysts

Investment Process

Qualitative assessment matrix

We apply a qualitative assessment matrix (Quality-score) to all investment opportunities looking at:

  • Market characteristics and dynamics
  • Positioning within the market, ability to grow and the quality of those prospects, pricing power, client/customer quality, extent of differentiation and competitive advantage
  •  The strength, quality, experience and alignment of management
  • Financials, focusing on issues such as customer concentration, sustainability of margins, capital intensity and cashflow characteristics, stability and predictability
  • M&A dynamics and attractiveness of the company to larger trade buyers and private equity
  • Our ability to acquire a stake and assist in value creation and enhancements:

Please note that any returns are not guaranteed and capital is at risk. Please refer to the risk section for further information.