Business services
Mission-critical providers with recurring revenue and room for strategic consolidation.
Independent investment firm · London & Edinburgh
Capital,
calmly
compounded.
We partner with exceptional founders and management teams to build durable companies through patient capital, disciplined governance and long-term conviction.
Patient capital
01
Holding horizon7–12 yrs
Partnership modelActive + aligned
Long-term ownership
◆
Founder partnership
◆
Responsible growth
◆
Operational discipline
01 / Investment focus
We invest where enduring demand meets exceptional execution.
Our work sits at the intersection of clear structural tailwinds, strong unit economics and teams with the judgement to compound advantage over time.
Applied technology
Vertical software and data infrastructure embedded in essential workflows.
Health & wellbeing
Scalable platforms improving access, quality and outcomes across care and wellness.
Climate resilience
Practical solutions helping organisations reduce risk, waste and resource intensity.
Built for sustained value creation
Measured in decades,
not quarters.
18Active partnerships
11Industries represented
68%Founder-led at investment
9.4 yrsAverage intended hold
Figures shown are illustrative template content for demonstration purposes.
02 / How we work
Conviction before capital.
Every partnership starts with a deep understanding of the company, its customers and the decisions that will matter most over the next decade.
Current thesis
Research note · No. 07
The quiet infrastructure behind resilient businesses.
Why specialist software, compliance platforms and technical service networks are becoming increasingly valuable in a more complex operating environment.
View related strategy07
A thoughtful partner for the next chapter