Peter Hargreaves has been investing in Blue Whale and private equity funds as he expands his “embryonic” family office.
The Hargreaves Lansdown founder (pictured) has sold £850m worth of the investing company’s stocks since the start of 2020. Previously, he hadn’t sold shares in the firm since 2007 when it went public.
In an interview with Bloomberg, the 75-year-old billionaire said he was currently considering the investment focus for his “embryonic” family office. “We are expanding,” he said.
The Hargreaves family now holds approximately £200m in Stephen Yiu’s Blue Whale Growth fund – eight times more than the £25m invested at launch in 2017. Last month, the fund hit £1bn in assets.
Hargreaves said he was also investing in private equity funds.
Alongside his family office, Hargreaves has also been launching a family foundation bringing on former HL employees, Alexandra Butler and Nigel Spence to get it off the ground.
