Investment & operating platform
Private capital for businesses of consequence.
An investment and operating platform headquartered in Manchester, investing in the United Kingdom and internationally.
An investor and an operator.
We underwrite for commercial returns, and we hold what we own with an operator’s discipline.
Sectors
Nine sectors.
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Clean and secure energy
Generation, storage and network assets whose economics hold across political and price cycles.
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Infrastructure and logistics
The physical layer beneath everything else: movement, storage, connection and the land they sit on.
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Advanced manufacturing and materials
Processes and materials that are difficult to copy and harder still to relocate once established.
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Aviation and space
Uncrewed and high-altitude systems, and the ground segment that makes any of it commercially useful.
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Digital and AI systems
Compute, data and applied systems built on a technical core that survives the next model release.
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Healthcare and life sciences
Data-rich precision medicine and the clinical execution that turns insight into owned assets.
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Housing and property
Homes and mixed-use regeneration in places with unmet demand and a credible route to delivery.
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Finance and venture platforms
Selected lending, structured finance and early-stage platforms that support the rest of the group.
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International projects
Cross-border partnerships that bring capital and capability to nationally significant programmes with durable social and commercial outcomes.
Approach
Underwritten for returns first.
01
Return
Commercial performance first.
02
Discipline
Capital is held at group level and every material commitment is approved centrally.
03
Alignment
We invest alongside management teams, institutions and partners, with decision rights and incentives set out in writing before capital moves.
04
Endurance
Dedicated vehicles rather than a fixed-life fund, and operating capability that outlives the transaction.
Reach
From Manchester, outward.
We invest in the United Kingdom and internationally, directly and alongside partners in their own markets.
