Gresham House AUM powers to £4bn on real assets growth

Firm notes strong ‘organic’ growth across housing, forestry, sustainable infrastructure and new energy strategies

Gresham House boosted its assets by 42% last year.

The asset manager said in its full-year results for 2020 that assets under management hit £4bn at the end of the year, up from £2.8bn in 2019.

It said about £1bn of this growth was “organic” as a result of strong fundraising across its real assets business which includes housing, forestry, sustainable infrastructure and new energy strategies.

It also grew assets in its strategic equity business after winning a £150m mandate for Strategic Equity Capital, a London-listed investment trust focused on corporate engagement with publicly quoted companies.

During the year, successful fundraising included £300m for the British Strategic Investment fund, £150m for the Gresham House Energy Storage Fund, and £57m for the Baronsmead VCTs.

The firm also grew through acquisitions, including Appian Asset Management, which is subject to approval from the Central Bank of Ireland, and Trade Risks, a provider of debt structuring and advisory services to the housing and social infrastructure sectors.

Elsewhere, the manager posted net core income growth of £40.8m, up 29% from 2019, and 17% growth in adjusted operating profit over the year to £12.1m.

Gresham House chief executive Tony Dalwood (pictured) said: “The growth within each of the asset classes at Gresham House reflects the quality of our investment teams and client demand for these specialist areas.”

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