Alternative asset manager Gresham House has raked in £300m so far this year across its underlying funds following fundraises across institutional, wholesale and private client distribution channels.
Roughly £140m flowed into Strategic Equity, which was split fairly evenly between the group’s VCT businesses and the open-ended equity funds.
Both Baronsmead and Mobeus VCTs reached their maximum fundraising targets in Q1.
The remaining £160m flowed into Real Assets: divided among Gresham House Forestry Fund VI, which secured £75m from institutional clients; Gresham House Residential Secure Income, which netted £80m; and an equity capital raise by Residential Secure Income.
As previously reported by Portfolio Adviser, Gresham House Energy Storage Fund (Grid) saw its NAV jump 42.6% to £511.7m in its third set of annual results since its IPO in November 2018.
Meanwhile, LF Gresham House UK Multi Cap Income Fund has nearly tripled in size to more than £260m in just a year, having stood at £87.6m on 31 March 2021.
Gresham House chief executive Tony Dalwood (pictured) said: “I am pleased to see the continuing progress being made across the group’s divisions, which have cumulatively raised over £300m in Q1 2022.
“This is testament to the strength of alternative assets which have not been subject to the same volatility seen by other asset classes in what has been a turbulent start to 2022 for capital markets.
“The strong 2021 annual results for Gresham House plc highlight the quality of our people and our investments. Alongside the recent progress in our UK market-leading battery energy storage fund, Grid, we believe there is substantial growth potential within the group.
“Our performance so far in 2022 is further evidence of our focus on the upgraded GH25 strategic objectives and our commitment to delivering value to all our stakeholders.”
